BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MASSDEVELOPMENTHEFA TRUST, founded in 1997, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $74K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $247K exceeded revenue, resulting in a 233% operating deficit.
THE TRUST MAY PROVIDE FUNDS (I) FOR THE BENEFIT OF MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MASSDEVELOPMENT), A QUASI-PUBLIC ENTITY, TO REDUCE CHARGES THAT IT OTHERWISE WOULD IMPOSE ON CERTAIN INSTITUTIONS USING ITS SERVICES AND (II) FOR THE BENEFIT OF CERTAIN CHARITABLE ORGANIZATIONS AND GOVERNMENTAL ENTITIES THAT THE FORMER MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY, PRIOR TO ITS MERGER BY LAW INTO MASSDEVELOPMENT, WAS AUTHORIZED BY STATUTE TO ASSIST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $74,249 | $807,797 | -0.9% |
| Expenses | $247,455 | $1,071,438 | -0.8% |
| Net Income | $-173,206 | $-263,641 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICKS P FRAZIER | TRUSTEE (THRU 03/2023) | 0.30 |
Director
|
$0 | $24,045 | $237,831 |
| BRIAN KAVOOGIAN | TRUSTEE | 0.30 |
Director
|
$0 | $0 | $0 |
| MIKE KENNEALY | TRUSTEE (THRU 01/2023) | 0.30 |
Director
|
$0 | $0 | $0 |
| SEAN CALNAN | TRUSTEE (AS OF 06/2023) | 0.30 |
Director
|
$0 | $41,641 | $190,327 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $74,249 | $247,455 | $9,317,179 | $-173,206 |
| 2022 | $807,797 | $1,071,438 | $8,927,090 | $-263,641 |
| 2021 | $1,042,684 | $377,315 | $11,267,953 | $665,369 |
| 2020 | $577,860 | $389,374 | $9,196,426 | $188,486 |
| 2019 | $281,939 | $580,365 | $9,009,460 | $-298,426 |
Compare MASSDEVELOPMENTHEFA TRUST with other nonprofits in Massachusetts and across the country.