MASSACHUSETTS TECHNOLOGY LEADERSHI… - 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

1996

Legal Domicile

Principal Officer

KATHRYN MCLEOD

Phone

7819939000

Tax Period

2021-01-01 to 2021-12-31

MASSACHUSETTS TECHNOLOGY LEADERSHIP COUNCIL EDUCATION FOUNDATION INC, founded in 1996, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $42K in total revenue in fiscal year 2021. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION WORKS TO ADVANCE COMPUTING EDUCATION IN MASSACHUSETTS.

Program Service Accomplishments

Program 1

Revenue: $0

THE FOUNDATION WORKS TO ADVANCE COMPUTING EDUCATION IN MASSACHUSETTS BY SPONSORING AND PROVIDING GRANTS TO EDUCATIONAL FACILITIES THROUGHOUT THE STATE WITH PROGRAMS DESIGNED TO INCREASE COMPUTER...

THE FOUNDATION WORKS TO ADVANCE COMPUTING EDUCATION IN MASSACHUSETTS BY SPONSORING AND PROVIDING GRANTS TO EDUCATIONAL FACILITIES THROUGHOUT THE STATE WITH PROGRAMS DESIGNED TO INCREASE COMPUTER SCIENCE COURSES IN MIDDLE AND HIGH SCHOOLS. IN 2021, THE TECHNOVATION PROGRAM WAS RUN AS A VIRTUAL EVENT. TECHNOVATION.ORG RAN THE EVENT AND COVERED THE COSTS OF EXPENSES AS A NATIONWIDE PROGRAM.

Program 2

Revenue: $0

AUGUST OF 2021 MASSTLC ED FOUNDATION HELD A VIRTUAL REGIONAL SHOWCASE FOR TECHNOVATION GIRLS MA. THE SHOWCASE PROVIDED A PLATFORM FOR THE TEAMS TO GIVE A BRIEF OVERVIEW OF THEIR COMPANY AND MOBILE...

AUGUST OF 2021 MASSTLC ED FOUNDATION HELD A VIRTUAL REGIONAL SHOWCASE FOR TECHNOVATION GIRLS MA. THE SHOWCASE PROVIDED A PLATFORM FOR THE TEAMS TO GIVE A BRIEF OVERVIEW OF THEIR COMPANY AND MOBILE APP.

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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 (2021)

Revenue Breakdown

Contributions & Grants $42,381

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $42,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,380

Fundraising Expenses $0

Other Expenses $5,659

TOTAL EXPENSES $42,039

Year-over-Year Comparison

	2021	2020	Change
Revenue	$42,381	$54,204	-0.2%
Expenses	$42,039	$49,321	-0.1%
Net Income	$342	$4,883	-0.9%

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

N/A

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

$302,000

Total Directors

$402,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW LITTLEWOOD	TREASURER	1.00	Officer Director	$0	$0	$0
TOM HOPCROFT	PRESIDENT	0.00	Officer Director	$170,000	$0	$170,000
LYNN BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
SARA FRAIM	EXECUTIVE DIRECTOR	0.50	Director	$100,000	$0	$100,000
HEATHER DANFORTH	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN MCLEOD	VICE PRESIDENT	0.50	Officer Director	$132,000	$0	$132,000

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
2021	$42,381	$42,039	$81,737	$342
2020	$54,204	$49,321	$83,491	$4,883
2019	$82,776	$62,417	$79,553	$20,359
2018	$141,471	$149,567	$74,878	$-8,096

MASSACHUSETTS TECHNOLOGY LEADERSHIP COUNCIL EDUCATION FOUNDATION INC