MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC (EIN 043172007) - 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

1993

Legal Domicile

Principal Officer

PETER ABAIR

Phone

6179244600

Tax Period

2024-07-01 to 2025-06-30

MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC, founded in 1993, is a small nonprofit that reported $576K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $700K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDES PROGRAMS AND SERVICES TO SUPPORT THE RETENTION AND GROWTH OF BUSINESS AND JOBS IN MASSACHUSETTS

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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 $572,589

Program Service Revenue $0

Investment Income $2,936

Other Revenue $0

TOTAL REVENUE $575,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,974

Fundraising Expenses $108,573

Program Expenses $477,206

Other Expenses $158,469

TOTAL EXPENSES $700,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$575,525	$818,130	-0.3%
Expenses	$700,443	$730,542	0.0%
Net Income	$-124,918	$87,588	-2.4%

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

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

$170,484

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE MCGEOUGH	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
BONNIE SULLIVAN	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFF HOWELL	CLERK	1.00	Officer Director	$0	$0	$0
DORRIAN COHEN FRAGOLA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAUL BAUER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN COHEN	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY GALLO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RICH HOLLWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HOULLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN LISS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LANDRY	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRIS STEELE	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VEDOVELLI	DIRECTOR	1.00	Director	$0	$0	$0
BILL KANE	DIRECTOR	1.00	Director	$0	$0	$0
JIM BAUDROT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN FLAVIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA TIMILTY	DIRECTOR	1.00	Director	$0	$0	$0
ODILE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JACK HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR PEDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ORTENDAHL	DIRECTOR	1.00	Director	$0	$0	$0
TYSON REYNOSO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HYNES IV	DIRECTOR	1.00	Director	$0	$0	$0
PETER ABAIR	EXECUTIVE DIRECTOR	40.00	Officer	$170,484	$0	$170,484
DOUGLAS KEHLHEM	SENIOR DIRECTOR	40.00	Highest	$111,965	$0	$111,965

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	$575,525	$700,443	$164,069	$-124,918
2024	No data	No data	No data	No data
2023	$482,566	$747,965	$228,581	$-265,399
2022	$610,661	$677,852	$473,460	$-67,191
2021	$491,193	$519,078	$510,747	$-27,885
2020	$712,771	$616,669	$533,205	$96,102
2019	$519,124	$663,237	$569,715	$-144,113
2018	$563,385	$527,596	$756,948	$35,789

MASSACHUSETTS ALLIANCE FOR ECONOMIC DEVELOPMENT INC