FOUNDATION FOR FAIR CONTRACTING OF MASS (EIN 043166398) - 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

1992

Legal Domicile

Principal Officer

KAREN COURTNEY

Phone

6172480670

Tax Period

2024-08-01 to 2025-07-31

FOUNDATION FOR FAIR CONTRACTING OF MASS, founded in 1992, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $670K left a modest 11% surplus.

Mission

THE FOUNDATION WAS FORMED FOR THE PURPOSE OF DEVELOPING AND OPERATING PROGRAMS THAT CARRY OUT THE PURPOSES OF THE LABOR-MANAGEMENT COOPERATION ACT OF 1978. THE FOUNDATION RECEIVES ANNUAL DUES FROM UNIONS AND LABOR-MANAGMENT GROUPS WHO HAVE JOINED THE FOUNDATION. IN EXCHANGE, THE FOUNDATION PROMOTES THE INTERESTS OF ITS MEMBERS THROUGH THE PROVISION OF EDUCATIONAL PROGRAMS AND RESEARCH.

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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 $711,229

Program Service Revenue $0

Investment Income $39,304

Other Revenue $0

TOTAL REVENUE $750,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,062

Fundraising Expenses $0

Program Expenses $549,109

Other Expenses $331,042

TOTAL EXPENSES $670,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$750,533	$796,965	-0.1%
Expenses	$670,104	$565,399	+0.2%
Net Income	$80,429	$231,566	-0.7%

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

N/A

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

$180,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ANDREWS	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS FAY	TRUSTEE	1.00	Director	$0	$0	$0
DAVE P POWELL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS S GUNNING	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH BONFIGLIO	TRUSTEE	1.00	Officer	$0	$0	$0
KAREN COURTNEY	EXECUTIVE DIRECTOR	40.00	Officer	$180,000	$0	$180,000

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	$750,533	$670,104	$1,576,715	$80,429
2024	$796,965	$565,399	$1,439,834	$231,566
2023	$782,779	$525,003	$1,222,737	$257,776
2022	$743,023	$492,256	$911,049	$250,767
2021	$691,181	$455,163	$662,054	$236,018
2020	$561,589	$527,560	$422,034	$34,029
2019	$581,787	$561,101	$406,371	$20,686

FOUNDATION FOR FAIR CONTRACTING OF MASS