MASSACHUSETTS READING ASSOCIATION INC

EIN: 043409172 501(c)(3) Education

WINCHESTER, MA

Total Revenue
$51,324
Total Expenses
$82,201
Total Assets
$84,955
Net Assets
$84,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
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

THE GOAL OF THE ASSOCIATION IS TO PROMOTE LITERACY FOR ALL LEARNERS THROUGH PROFESSIONAL DEVELOPMENT,RESEARCH,PUBLICATIONS,AND ADVOCACY FOR THE LITERACY COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $46,891 Revenue: $49,966

ANNUAL CONFERENCE TO IMPROVE AND SUPPORT THE QUALITY OF READING IN PUBLIC & PRIVATE EDUCATION

Program 2
Expenses: $4,180

DONATIONS/SCHOLARSHIPS/GRANTS TO PROMOTE THE QUALITY OF READING.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
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
4
$8,500
Total Directors
7
$8,500
Key Employees
0
$0
Highest Compensated
0
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
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