MASSACHUSETTS RHODE ISLAND AND MAINE CHAPTER OF THE APPRAISAL INSTITUTE (EIN 043142316) - 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

1991

Legal Domicile

Principal Officer

Zach Bowyer

Phone

3123354100

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS RHODE ISLAND AND MAINE CHAPTER OF THE APPRAISAL INSTITUTE, founded in 1991, is a small nonprofit that reported $292K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

To empower valuation professionals through community credentialing education body of knowledge and ethical standards.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,825

Program Service Revenue $279,251

Investment Income $7,577

Other Revenue $0

TOTAL REVENUE $291,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,432

Fundraising Expenses $0

Program Expenses $0

Other Expenses $210,010

TOTAL EXPENSES $296,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,653	$233,420	+0.2%
Expenses	$296,442	$244,921	+0.2%
Net Income	$-4,789	$-11,501	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zach Bowyer MAI	President	1.00	Officer Director	$0	$0	$0
Christopher Stickney MAI	Vice President	5.00	Officer Director	$0	$0	$0
Christina O'Connell MAI	Treasurer	5.00	Officer Director	$0	$0	$0
Thomas Jensen MAI	Secretary	5.00	Officer Director	$0	$0	$0
Joseph Crescio MAI	Director	1.00	Director	$0	$0	$0
Gregory Curtis MAI	Director	1.00	Director	$0	$0	$0
Christine Hume MAI	Director	1.00	Director	$0	$0	$0
Bud Clarke MAI	Director	1.00	Director	$0	$0	$0
Melanie Kosich MAI	Director	1.00	Director	$0	$0	$0
Vanessa Mann MAI	Director	1.00	Director	$0	$0	$0
J Michael Tarello MAI	Director	1.00	Director	$0	$0	$0
Paul Linehan MAI	Director	1.00	Director	$0	$0	$0
Robert Maloney MAi	Immediate Past President	1.00	Officer 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
2023	$291,653	$296,442	$268,799	$-4,789
2022	$233,420	$244,921	$278,369	$-11,501
2021	$237,779	$224,435	$307,457	$13,344
2019	$219,516	$244,468	$218,669	$-24,952
2018	$237,044	$232,212	$243,621	$4,832

MASSACHUSETTS RHODE ISLAND AND MAINE CHAPTER OF THE APPRAISAL INSTITUTE