THE MASSACHUSETTS FOUNDATION FOR LEARNING DISABILITIES (EIN 043099610) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

DAVID DRAKE

Phone

4135629500

Tax Period

2024-07-01 to 2025-06-30

THE MASSACHUSETTS FOUNDATION FOR LEARNING DISABILITIES, founded in 1990, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 12% surplus.

Mission

WHITE OAK SCHOOL PROVIDES EFFECTIVE RESEARCH-BASED INSTRUCTION FOR STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES. A MAJOR FOCUS OF THESE SERVICES IS TO IMPROVE THE LANGUAGE SKILLS THROUGH AN EMPHASIS ON READING, SPELLING, WRITTEN LANGUAGE AND ORAL LANGUAGE.

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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 $30,089

Program Service Revenue $3,529,655

Investment Income $140,256

Other Revenue $21,464

TOTAL REVENUE $3,721,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,562,041

Fundraising Expenses $0

Program Expenses $2,722,224

Other Expenses $713,712

TOTAL EXPENSES $3,275,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,721,464	$3,570,021	+0.0%
Expenses	$3,275,753	$3,173,250	+0.0%
Net Income	$445,711	$396,771	+0.1%

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

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

$306,499

Total Directors

$21,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN PION PHD	PRESIDENT/CLERK/DIRECTOR	0.10	Officer Director	$0	$0	$0
DAVID DRAKE	TREASURER/DIRECTOR	1.00	Officer Director	$21,000	$0	$21,000
DR ROBERT F LITTLETON JR	DIRECTOR	0.10	Officer Director	$0	$0	$0
JODY MICHALSKI	HEAD OF SCHOOL	40.00	Officer	$133,194	$10,030	$143,224
JANINE ROSS	CHIEF FINANCIAL OFFICER	40.00	Officer	$138,384	$3,891	$142,275

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
2025	$3,721,464	$3,275,753	$5,486,885	$445,711
2024	No data	No data	No data	No data
2023	$3,361,462	$3,107,709	$4,457,582	$253,753
2022	$3,890,928	$3,442,714	$4,412,884	$448,214
2021	$3,335,445	$2,854,173	$4,487,206	$481,272
2020	$3,277,622	$3,017,645	$4,469,813	$259,977
2019	$3,310,210	$3,087,770	$3,634,259	$222,440
2018	$2,390,448	$2,347,735	$2,889,199	$42,713

THE MASSACHUSETTS FOUNDATION FOR LEARNING DISABILITIES