MASSACHUSETTS READING ASSOCIATION INC (EIN 043409172) - 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

1998

Legal Domicile

Principal Officer

LISA RICE

Phone

6178381800

Tax Period

2020-01-01 to 2020-12-31

MASSACHUSETTS READING ASSOCIATION INC, founded in 1998, is a micro nonprofit in the Education sector that reported $51K in total revenue in fiscal year 2020. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 60% operating deficit.

Mission

TO SUPPORT THE IMPROVEMENT AND QUALITY OF READING INSTRUCTION AT ALL LEVELS IN MASSACHUSETTS THROUGH AN ANNUAL CONFERENCE AND COOPERATE WITH MASS DEPT OF EDUCATION.

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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 $1,000

Program Service Revenue $49,966

Investment Income $358

Other Revenue $0

TOTAL REVENUE $51,324

Expense Breakdown

Grants Paid $4,180

Salaries & Benefits $8,500

Fundraising Expenses $0

Program Expenses $51,071

Other Expenses $69,521

TOTAL EXPENSES $82,201

Year-over-Year Comparison

	2020	2019	Change
Revenue	$51,324	$151,113	-0.7%
Expenses	$82,201	$169,086	-0.5%
Net Income	$-30,877	$-17,973	+0.7%

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

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

$8,500

Total Directors

$8,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE HARLOW SHINAS	PRESIDENT	10.00	Officer Director	$0	$0	$0
LEANDRA ELION	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
LISA RICE	TREASURER	10.00	Officer Director	$0	$0	$0
JOAN TUTTLE	CLERK	10.00	Officer Director	$8,500	$0	$8,500
PATTIE KELLEY	VICE PRESIDENT ELECT	10.00	Director	$0	$0	$0
MARLEN CORREIA	DIRECTOR	10.00	Director	$0	$0	$0
LISA MAUCIONE	DIRECTOR	10.00	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	$51,324	$82,201	$84,955	$-30,877
2019	$151,113	$169,086	$122,050	$-17,973
2018	$150,640	$169,720	$146,863	$-19,080

MASSACHUSETTS READING ASSOCIATION INC