BOSTON CHAPTER OF THE ASSOCIATION … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

JAN ADIE

Phone

9783645136

Tax Period

2024-01-01 to 2024-12-31

BOSTON CHAPTER OF THE ASSOCIATION OF LEGAL ADMINISTRATORS, founded in 1974, is a small nonprofit that reported $428K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $531K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE PERSONAL AND PROFESSIONAL GROWTH, EDUCATIONAL, AND NETWORKING OPPORTUNITIES.

Program Service Accomplishments

Program 1

INFORMATION SHARING AND EDUCATIONAL PROGRAMS - BUSINESS LUNCHES AND EDUCATIONAL PROGRAMS AND ANNUAL REGIONAL AND NATIONAL CONFERENCES TO DISSIMENATE INFORMATION TO CHAPTER MEMBERS.

Program 2

CHAPTER AND SCHOLARSHIP PROGRAM - PROVIDE SCHOLARSHIPS TO REGIONAL AND NATIONAL CONFERENCES

Program 3

ALA BOSTON DIRECTORY - PROVIDES A DIRECTORY OF MEMBERS' CONTACT INFORMATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,608

Program Service Revenue $87,158

Investment Income $290

Other Revenue $0

TOTAL REVENUE $428,056

Expense Breakdown

Grants Paid $3,650

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $527,544

TOTAL EXPENSES $531,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,056	$374,290	+0.1%
Expenses	$531,194	$319,816	+0.7%
Net Income	$-103,138	$54,474	-2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER J O'SULLIVAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAN ADIE	PRESIDENT-ELECT	5.00	Officer Director	$0	$0	$0
CHRISTOPHER HOLMES CMA CLM	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY MCGILLICUDDY	TREASURER	5.00	Officer Director	$0	$0	$0
SALLY PENNEY	SECRETARY	5.00	Officer Director	$0	$0	$0
VENETIA CORSON	VP - COMMUNITY ENGAGEMENT	5.00	Director	$0	$0	$0
EDWARD PEARSON	VP - BUSINESS PARTNER RELATIONS	5.00	Director	$0	$0	$0
AMANDA AUCOIN	VP - COMMUNICATIONS AND VISIBILITY	5.00	Director	$0	$0	$0
BETSY LANDRY	VP - DIVERSITY & INCLUSION	5.00	Director	$0	$0	$0
JUDI STELLA	VP - MEMBER RELATIONS	5.00	Director	$0	$0	$0
SILVIA J TALARICO	VP - CHAPTER EDUCATION	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$428,056	$531,194	$246,166	$-103,138
2023	$374,290	$319,816	$349,304	$54,474
2022	$217,996	$345,063	$294,830	$-127,067
2021	$218,589	$191,238	$421,897	$27,351
2020	$343,276	$173,539	$394,546	$169,737
2019	$337,581	$331,912	$224,809	$5,669
2018	$399,068	$437,295	$219,140	$-38,227

BOSTON CHAPTER OF THE ASSOCIATION OF LEGAL ADMINISTRATORS