MASSACHUSETTS CORRECTION OFFICERS HEALTH AND WELFARE FUND (EIN 043147584) - 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

PAUL SMITH

Phone

8003464935

Tax Period

2023-04-01 to 2024-03-31

MASSACHUSETTS CORRECTION OFFICERS HEALTH AND WELFARE FUND, founded in 1991, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Expenses of $4.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE DENTAL AND VISION BENEFITS

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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 $0

Program Service Revenue $3,053,288

Investment Income $146,134

Other Revenue $0

TOTAL REVENUE $3,199,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $379,939

TOTAL EXPENSES $4,038,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,199,422	$3,365,111	0.0%
Expenses	$4,038,507	$3,719,507	+0.1%
Net Income	$-839,085	$-354,396	+1.4%

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
DENNIS MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MCADOO	TRUSTEE (AS OF 3/24)	1.00	Officer Director	$0	$0	$0
WILLIAM GLEASON	TREASURER (TO 2/24)	1.00	Officer Director	$0	$0	$0
GREGORY DOMINIQUE	EXECUTIVE SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD MEDEIROS	VICE PRESIDENT (TO 2/24)	1.00	Officer Director	$0	$0	$0
ANDREW BELLANY	TRUSTEE	1.00	Director	$0	$0	$0
ERIC CAMBRA	TRUSTEE (TO 2/24)	1.00	Director	$0	$0	$0
MATTHEW DIVRAS	TRUSTEE (AS OF 3/24)	1.00	Director	$0	$0	$0
KEVIN FLANAGAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS PRESTON	TRUSTEE (AS OF 3/24)	1.00	Director	$0	$0	$0
PAUL SMITH	ADMINISTRATOR	1.00	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	$3,199,422	$4,038,507	$8,256,735	$-839,085
2023	$3,365,111	$3,719,507	$7,108,892	$-354,396
2022	$3,464,722	$3,633,188	$7,834,851	$-168,466
2021	$3,550,197	$3,253,740	$7,637,458	$296,457
2020	$3,878,868	$4,087,285	$6,143,343	$-208,417
2019	$3,979,912	$4,311,965	$6,396,915	$-332,053

MASSACHUSETTS CORRECTION OFFICERS HEALTH AND WELFARE FUND