LSP ASSOCIATION INC

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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

AMY ROTH

Phone

6179774304

Tax Period

2024-07-01 to 2025-06-30

LSP ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $618K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $568K left a modest 8% surplus.

Mission

STATEMENT 1 FOR THE LSPA'S MISSION.

Program Service Accomplishments

Program 1

THE LSPA, FOUNDED IN 1993, IS A PROFESSIONAL ASSOCIATION WITH 800 MEMBERS, AND A MISSION TO PROMOTE SOUND TECHNICAL AND BUSINESS PRACTICES AMONG LSPS AND OTHER MEMBERS. THE LSPA SERVES AS AN...

THE LSPA, FOUNDED IN 1993, IS A PROFESSIONAL ASSOCIATION WITH 800 MEMBERS, AND A MISSION TO PROMOTE SOUND TECHNICAL AND BUSINESS PRACTICES AMONG LSPS AND OTHER MEMBERS. THE LSPA SERVES AS AN EDUCATION, INFORMATION, AND COMMUNICATION RESOURCE TO ITS MEMBERS AND THE GENERAL PUBLIC. THE LSPA SUPPORTS AN AGENDA THAT PROTECTS THE HEALTH AND SAFETY OF MASSACHUSETTS RESIDENTS WHILE EXPEDITING THE CLEANUP AND REUSE OF CONTAMINATED PROPERTIES.THE THREE LARGEST PROGRAM SERVICE AREAS BY EXPENSES (OTHER THAN PERSONNEL) ARE: 1. COURSES - OFFERED IN-PERSON, BY LIVE WEBINAR, AND AS ON-DEMAND 2. MEMBER MEETINGS - OFFERED IN-PERSON AND BY LIVE WEBINAR 3. ENVIRONMENTAL JUSTICE GRANTS - TO SMALL NON-PROFIT ORGANIZATIONS.

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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 $5,966

Program Service Revenue $554,890

Investment Income $57,244

Other Revenue $0

TOTAL REVENUE $618,100

Expense Breakdown

Grants Paid $1,112

Salaries & Benefits $340,325

Fundraising Expenses $0

Other Expenses $226,147

TOTAL EXPENSES $567,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,100	$548,149	+0.1%
Expenses	$567,584	$626,875	-0.1%
Net Income	$50,516	$-78,726	-1.6%

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
KATHERINE DILAWARI	DIRECTOR	1.00	Director	$0	$0	$0
LARS ANDRESEN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE KUDZMA	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
AMY ROTH	TREASURER	4.00	Officer Director	$0	$0	$0
CHARLES YOUNG	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH ROMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
CRISTA TRAPP	CLERK	4.00	Officer Director	$0	$0	$0
LORI MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BATOR	DIRECTOR	1.00	Director	$0	$0	$0
MARIELLEN MORRIS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
WENDY RUNDLE	FORMER EXECUTIVE DIRECTOR	40.00		$118,062	$0	$118,062

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	$618,100	$567,584	$1,200,960	$50,516
2024	$548,149	$626,875	$1,097,042	$-78,726
2023	$614,920	$579,283	$1,122,101	$35,637
2022	$497,914	$396,187	$1,030,688	$101,727
2021	$554,129	$356,060	$1,050,297	$198,069
2020	$447,955	$440,403	$714,924	$7,552
2019	$524,498	$484,152	$684,499	$40,346
2018	$481,888	$432,042	$644,782	$49,846