MASSACHUSETTS STATE COLLEGE ASSOCIATION (EIN 043247930) - 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

1978

Legal Domicile

Principal Officer

ERIC WEEKS

Phone

5088071055

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS STATE COLLEGE ASSOCIATION, founded in 1978, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 4% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION WILL BE TO ORGANIZE THE EFFORTS OF ITS MEMBERS TO MAINTAIN AND IMPROVE PUBLIC HIGHER EDUCATION IN MASSACHUSETTS IN GENERAL AND THE STATE COLLEGE EDUCATION IN PARTICULAR, TO DEVELOP AND ADVOCATE POLICIES FOR IMPROVING THE WELFARE OF ITS MEMBERS AND TO ENFORCE COLLECTIVE BARGAINING CONTRACTS FOR ALL MEMBERS.

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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 $1,721,897

Program Service Revenue $0

Investment Income $149,627

Other Revenue $15,155

TOTAL REVENUE $1,886,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,806

Fundraising Expenses $0

Program Expenses $1,742,837

Other Expenses $1,367,059

TOTAL EXPENSES $1,805,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,886,679	$1,888,472	0.0%
Expenses	$1,805,865	$1,733,023	+0.0%
Net Income	$80,814	$155,449	-0.5%

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

$67,939

Total Directors

$67,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNA GONSALVES	PRESIDENT	30.00	Officer Director	$17,002	$0	$17,002
MICHELLE CORBIN	VICE PRESIDENT	10.00	Officer Director	$6,648	$0	$6,648
HANNAH HAYNES	SECRETARY	10.00	Officer Director	$10,497	$0	$10,497
ERIC WEEKS	TREASURER	10.00	Officer Director	$18,588	$0	$18,588
JENNIFER MENDELL	GRIEVANCE OFFICER	10.00	Officer Director	$15,204	$0	$15,204
JENNIFER HARTSFIELD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN PAYNE	DIRECTOR	2.00	Director	$0	$0	$0
RALA DIAKITE	DIRECTOR	2.00	Director	$0	$0	$0
ARUNA KRISHNAMURTHY	DIRECTOR	2.00	Director	$0	$0	$0
KATE CAFFREY	DIRECTOR	2.00	Director	$0	$0	$0
MIRARI ELCORO	DIRECTOR	2.00	Director	$0	$0	$0
KATIE RIEL	DIRECTOR	2.00	Director	$0	$0	$0
KEITH WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
HANNAH HAYES	DIRECTOR	2.00	Director	$0	$0	$0
GRAZIANA RAMSDEN	DIRECTOR	2.00	Director	$0	$0	$0
CALEB PENDYGRAFT	DIRECTOR	2.00	Director	$0	$0	$0
RAY LAM	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY CHENAULT	DIRECTOR	2.00	Director	$0	$0	$0
DAN MULCARE	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDIA CIANO-BOYCE	DIRECTOR	2.00	Director	$0	$0	$0
MARGOT HENNESSY	DIRECTOR	2.00	Director	$0	$0	$0
ERIKA BRIESACHER	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL O'CONNELL	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$1,886,679	$1,805,865	$3,694,973	$80,814
2023	$1,888,472	$1,733,023	$3,288,065	$155,449
2022	$1,976,829	$1,833,005	$2,994,169	$143,824
2021	$1,935,017	$1,965,164	$3,489,183	$-30,147

MASSACHUSETTS STATE COLLEGE ASSOCIATION