THE MASSACHUSETTS INSTITUTE FOR A … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

JOSEPH KRIESBERG

Phone

6177426800

Tax Period

2023-01-01 to 2023-12-31

THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC, founded in 1995, is a community nonprofit in the Crime & Legal sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $817K, a strong 26% operating margin.

Mission

FOUNDED IN 1996, MASSINC'S MISSION IS TO MAKE MASSACHUSETTS A PLACE OF CIVIC VITALITY AND INCLUSIVE ECONOMIC OPPORTUNITY BY PROVIDING RESIDENTS WITH THE NONPARTISAN RESEARCH, REPORTING, ANALYSIS, AND CIVIC ENGAGEMENT NECESSARY TO UNDERSTAND POLICY CHOICES, INFORM DECISION MAKING, AND HOLD THE GOVERNMENT ACCOUNTABLE.

Program Service Accomplishments

Program 1

Expenses: $1,040,682 Revenue: $413,124

COMMONWEALTH BEACON PROVIDES ITS READERS WITH NON-PARTISAN JOURNALISM COVERING POLITICS, POLICY AND CIVIC LIFE IN MASSACHUSETTS. WE PRODUCE A DAILY NEWSLETTER THAT CONTAINS ORIGINAL REPORTING ON A...

COMMONWEALTH BEACON PROVIDES ITS READERS WITH NON-PARTISAN JOURNALISM COVERING POLITICS, POLICY AND CIVIC LIFE IN MASSACHUSETTS. WE PRODUCE A DAILY NEWSLETTER THAT CONTAINS ORIGINAL REPORTING ON A WIDE RANGE OF ISSUES, INCLUDING HEALTH, HOUSING, TRANSPORTATION, EDUCATION, ENERGY, CRIMINAL JUSTICE, ECONOMIC DEVELOPMENT AND POLITICS. WE ALSO PUBLISH OVER 400 OPINION PIECES PRODUCED BY CIVIC LEADERS IN THE COMMUNITY WHO SHARE THEIR IDEAS WITH THE PUBLIC. COMMONWEALTH BEACON ALSO PRODUCES A WEEKLY PODCAST, CALLED THE CODCAST, THAT FEATURES INTERVIEWS WITH LEADING FIGURES IN GOVERNMENT, BUSINESS AND CIVIC LIFE.

Program 2

Expenses: $938,204

THE MASSINC POLICY CENTER ADVANCES MASSINC'S MISSION THROUGH RESEARCH, CONVENING AND COLLABORATION. IN 2023, WE PUBLISHED MORE THAN 10 RESEARCH PAPERS ON A RANGE OF TOPICS FROM WORKFORCE DEVELOPMENT TO EDUCATION TO TRANSPORTATION. THESE RESEARCH PAPERS WERE DEVELOPED IN COLLABORATION WITH COMMUNITY LEADERS AND EXPERTS WHO HELP TO SHAPE OUR RESEARCH QUESTIONS AND UNDERSTAND THE DATA AND FINDINGS. WE SHARE OUR RESEARCH THROUGH PUBLIC EVENTS, EMAILS AND MEETINGS WITH INTERESTED PARTIES. THE POLICY CENTER ALSO HOSTS THE GATEWAY CITIES INNOVATION INSTITUTE WHICH WORKS TO UNLOCK THE ECONOMIC POTENTIAL OF SMALL TO MID-SIZE REGIONAL CITIES. THE INSTITUTE LEVERAGES MASSINC'S RESEARCH, POLLING, AND POLICY TEAM TO STRENGTHEN CONNECTIONS AMONG GATEWAY CITY LEADERS AND ADVANCE A SHARED POLICY AGENDA.

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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 $2,456,422

Program Service Revenue $412,986

Investment Income $121,870

Other Revenue $178,881

TOTAL REVENUE $3,170,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,306,604

Fundraising Expenses $169,074

Program Expenses $1,978,886

Other Expenses $1,046,380

TOTAL EXPENSES $2,352,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,170,159	$2,390,769	+0.3%
Expenses	$2,352,984	$2,619,749	-0.1%
Net Income	$817,175	$-228,980	-4.6%

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

400

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

$382,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH KRIESBERG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$198,167	$6,454	$204,621
MAEVE DUGGAN	CHIEF OPERATING OFFICER	40.00	Officer	$157,500	$20,496	$177,996
BRUCE MOHL	EDITOR	40.00	Highest	$136,162	$21,917	$158,079
BENJAMIN FORMAN	RESEARCH DIRECTOR	40.00	Highest	$132,130	$22,790	$154,920
MICHAEL JONAS	EXECUTIVE EDITOR	40.00	Highest	$111,465	$18,460	$129,925
EILEEN O'CONNOR	CHAIR (AS OF JUNE 2023)	1.00	Officer Director	$0	$0	$0
GREGORY TORRES	CHAIR (UNTIL JUNE 2023)	1.00	Officer Director	$0	$0	$0
JENNIFER NASSOUR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LON POVICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA WONG	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL HUNTER	CLERK	1.00	Officer Director	$0	$0	$0
ANDREW J CALAMARE	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
KENNETH W ROBINSON	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
ERIC TURNER	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CURRAN	DIRECTOR	1.00	Director	$0	$0	$0
GERI DENTERLEIN	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
MARK ERLICH	DIRECTOR	1.00	Director	$0	$0	$0
MONICA LOWELL	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
PAMELA FEINGOLD	DIRECTOR	1.00	Director	$0	$0	$0
LANE GLENN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
ANN-ELLEN HORNIDGE	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
ENEIDA ROMAN	DIRECTOR	1.00	Director	$0	$0	$0
TRIPP JONES	DIRECTOR	1.00	Director	$0	$0	$0
JULIETTE KAYYEM	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
THOMAS GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DOMINICK IANNO	DIRECTOR	1.00	Director	$0	$0	$0
BETH LINDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM P MCDERMOTT	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
RICHARD TISEI	DIRECTOR (UNTIL JUNE 2023)	1.00	Director	$0	$0	$0
MARIA FERNANDES-DOMINIQUE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
GRACE LEE	DIRECTOR	1.00	Director	$0	$0	$0
ROSALIN ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
KEITH FAIREY	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ADAM	DIRECTOR	1.00	Director	$0	$0	$0
DEAN RICHLIN	DIRECTOR (UNTIL JUNE 2023)	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	No data	No data	No data	No data
2023	$3,170,159	$2,352,984	$2,941,807	$817,175
2022	$2,390,769	$2,619,749	$2,466,043	$-228,980
2021	$4,338,646	$2,946,844	$1,671,718	$1,391,802
2020	$2,486,269	$2,833,967	$393,082	$-347,698
2019	$2,017,815	$2,482,275	$406,299	$-464,460
2018	$2,594,870	$1,914,827	$749,292	$680,043

THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC