MASSACHUSETTS INNOVATION & TECHNOLOGY EXCHANGE INC (EIN 043295018) - 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

1995

Legal Domicile

Principal Officer

JAMES E ROONEY

Phone

6172274500

Tax Period

2020-01-01 to 2020-12-31

MASSACHUSETTS INNOVATION & TECHNOLOGY EXCHANGE INC, founded in 1995, is a small nonprofit that reported $132K in total revenue in fiscal year 2020. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $118K left a modest 11% surplus.

Mission

TO PROVIDE A FORUM FOR THE ASSOCIATION OF TECHNOLOGISTS, MARKETERS AND OTHERS INVOLVED IN THE INTERACTIVE MEDIA INDUSTRY IN ORDER TO PROMOTE THE COMMONWEALTH OF MASSACHUSETTS AS THE WORLD CENTER FOR DIGITAL INNOVATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $80,575

Program Service Revenue $16,501

Investment Income $0

Other Revenue $35,251

TOTAL REVENUE $132,327

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $72,832

Fundraising Expenses $0

Other Expenses $44,176

TOTAL EXPENSES $118,208

Year-over-Year Comparison

	2020	2019	Change
Revenue	$132,327	$699,066	-0.8%
Expenses	$118,208	$707,264	-0.8%
Net Income	$14,119	$-8,198	-2.7%

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

$204,019

Total Directors

$204,019

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY QUIGLEY	PRESIDENT (THROUGH 2/26/20)	55.00	Officer Director	$67,067	$0	$204,019
MICHAEL BARRON	CLERK (THROUGH 2/26/20)	1.00	Officer Director	$0	$0	$0
DAVID CHANG	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
BRIAN CUSACK	CHAIRMAN (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
ROB DESALVO	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
JESSICA DEVLIEGER	CHAIRMAN (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
SCOTT ERNST	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
SARAH FAY	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
SEAN FORD	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
KATE GULLIVER	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
DAVID HAYES	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
SARAH HODKINSON	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
JEFF JANER	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
SHERRILL KAPLAN	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
BRIAN KENNY	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
JENNIFER LUM	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
MARK MCWEENY	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
VICTOR PETRI	TREASURER (THROUGH 2/26/20)	5.00	Officer Director	$0	$0	$0
ELLIOT SEABORN	DIRECTOR (THROUGH 2/26/20)	1.00	Director	$0	$0	$0
LARRY WEBER	DIRECTOR (THROUGH 2/26/20)	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
2020	$132,327	$118,208	No data	$14,119
2019	$699,066	$707,264	$22,042	$-8,198
2018	$933,221	$927,704	$55,913	$5,517

MASSACHUSETTS INNOVATION & TECHNOLOGY EXCHANGE INC