THE BOSTON CONSORTIUM FOR HIGHER EDUCATION INC

EIN: 043427564 501(c)(3) Education

AUBURNDALE, MA

Total Revenue
$2,823,432
Total Expenses
$2,938,857
Total Assets
$2,119,448
Net Assets
$1,620,685
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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
KATHERINE KENNEDY
Phone
3392253820
Tax Period
2022-07-01 to 2023-06-30

THE BOSTON CONSORTIUM FOR HIGHER EDUCATION INC, founded in 1998, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

THE BOSTON CONSORTIUM FOR HIGHER EDUCATION EMPOWERS ITS MEMBER INSTITUTIONS TO THRIVE IN A DYNAMIC AND CHALLENGING ENVIRONMENT. THROUGH INNOVATIVE PROGRAMS, INITIATIVES, AND THOUGHT LEADERSHIP, TBC ENABLES MEMBERS TO IMPROVE THEIR FINANCIAL AND OPERATIONAL PERFORMANCE AS WELL AS THE QUALITY OF THEIR OFFERINGS.

Program Service Accomplishments

Program 1
Expenses: $1,326,150 Revenue: $1,292,201

THE BOSTON CONSORTIUM FOR HIGHER EDUCATIONS PROGRAMMING IS FOCUSED ON SERVICING THEIR MEMBERS WITH THE COMMUNITY OF PRACTICE AND THE SHARE SERVICE PROGRAMS. THE BOSTON CONSORITUM FOR HIGHER...

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THE BOSTON CONSORTIUM FOR HIGHER EDUCATIONS PROGRAMMING IS FOCUSED ON SERVICING THEIR MEMBERS WITH THE COMMUNITY OF PRACTICE AND THE SHARE SERVICE PROGRAMS. THE BOSTON CONSORITUM FOR HIGHER EDUCATION'S COMMUNITIES OF PRACTICE SERVE AS FORUMS FOR DISCUSSION, SUPPORT, INFORMATION SHARING, AND PROBLEM SOLVING AMONG PEERS. THE COMMUNITIES GATHER IN-PERSON, CONDUCT VIDEO MEETINGS, AND CONNECT VIA TBCS LISTSERVS. THROUGH THE MEETINGS AND LISTSERVS, MEMBERS SHARE BEST PRACTICES, BRAINSTORM IDEAS FOR NEW SHARED SERVICES AND CONTRACTS FOR COST SAVINGS, AND DEEPEN THEIR COLLEGIAL RELATIONSHIPS THROUGH COLLABORATION. THE BOSTON CONSORTIUM FOR HIGHER EDUCATION MANAGES SHARED SERVICE PROGRAMS DESIGNED TO HELP MEMBERS REALIZE ADDITIONAL VALUE, COLLABORATE, AND ACHIEVE ADMINISTRATIVE EXCELLENCE. SHARED SERVICES INCLUDE INTERNAL AUDIT SERVICES, RISK MANAGEMENT SERVICES, AND THE ACADEMIC AND HEALTHCARE TRAVEL PROGRAM WHICH OFFERS DISCOUNTS FOR DOMESTIC AND INTERNATIONAL TRAVEL.

Program 2
Expenses: $842,043 Revenue: $165,000

DURING THE YEAR THE CONSORTIUM RECEIVED GRANTS AND FUNDING FROM PARTICIPATING INSTITUTIONS TO CREATE AN INSURANCE CAPTIVE TO SUPPORT THE OBJECTIVES OF THE MEMBER INSTITUTIONS. THE PRIMARY OBJECTIVES...

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DURING THE YEAR THE CONSORTIUM RECEIVED GRANTS AND FUNDING FROM PARTICIPATING INSTITUTIONS TO CREATE AN INSURANCE CAPTIVE TO SUPPORT THE OBJECTIVES OF THE MEMBER INSTITUTIONS. THE PRIMARY OBJECTIVES OF THIS CAPTIVE WERE LONG-TERM COST SAVINGS, MORE PREDICTABLE COSTS THAT WERE LESS SUBJECT TO COMMERCIAL MARKET VOLATILITY AND TO PROVIDE INCREASED CONTROL OF COVERAGE AND CAPACITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,355,000
Program Service Revenue $1,457,201
Investment Income $11,231
Other Revenue $0
TOTAL REVENUE $2,823,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,572,033
Fundraising Expenses $0
Program Expenses $2,168,193
Other Expenses $1,366,824
TOTAL EXPENSES $2,938,857

Year-over-Year Comparison

2022 2021 Change
Revenue $2,823,432 $1,913,833 +0.5%
Expenses $2,938,857 $1,835,376 +0.6%
Net Income $-115,425 $78,457 -2.5%
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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Governance

Voting Members
20
Independent Members
20
Employees
11
Volunteers
20

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
7
$291,196
Total Directors
28
$291,196
Key Employees
2
$403,240
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE KENNEDY EXECUTIVE DI 40.00
Officer Director
$256,065 $35,131 $291,196
SAMANTHA SPEZESKI DIRECTOR OF 40.00
Key Emp
$194,458 $20,089 $214,547
SUSAN FLETCHER DIRECTOR OF 40.00
Key Emp
$171,018 $17,675 $188,693
JESSICA SMITH DIRECTOR OF 40.00
Highest
$115,759 $20,957 $136,716
JOHN BURKE SECRETARY 0.50
Officer Director
$0 $0 $0
JOHN CASE DIRECTOR 7/2 0.50
Director
$0 $0 $0
KATHERINE CRAVEN DIRECTOR 0.50
Director
$0 $0 $0
PAUL DWORKIS DIRECTOR 0.50
Director
$0 $0 $0
THOMAS DWYER DIRECTOR THR 0.50
Director
$0 $0 $0
STEFANO FALCONI DIRECTOR THR 0.50
Director
$0 $0 $0
MAUREEN FORRESTER DIRECTOR 0.50
Director
$0 $0 $0
DONNA GOLEMME DIRECTOR 0.50
Director
$0 $0 $0
KATIE HAMMER DIRECTOR 0.50
Director
$0 $0 $0
DOROTHY HAUVER VICE CHAIR 0.50
Officer Director
$0 $0 $0
THOMAS HOLLISTER DIRECTOR THR 0.50
Director
$0 $0 $0
JAMES HURLEY TREASURER 0.50
Officer Director
$0 $0 $0
RITU KALRA DIRECTOR 7/2 0.50
Director
$0 $0 $0
ANDREW MAYLOR DIRECTOR 1/2 0.50
Director
$0 $0 $0
JIM MCGILL DIRECTOR THR 0.50
Director
$0 $0 $0
THOMAS NEDELL DIRECTOR 0.50
Director
$0 $0 $0
GARY NICKSA DIRECTOR THR 0.50
Director
$0 $0 $0
PIPER ORTON DIRECTOR 0.50
Director
$0 $0 $0
DEREK PINTO DIRECTOR THR 0.50
Director
$0 $0 $0
MICHELLE QUINLAN DIRECTOR 7/2 0.50
Director
$0 $0 $0
DAVID ROSATI DIRECTOR 7/2 0.50
Director
$0 $0 $0
LAURA SANDER TREASURER TH 0.50
Officer Director
$0 $0 $0
SAMUEL SOLOMON CHAIR 0.50
Officer Director
$0 $0 $0
ROGER STACKPOOLE DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL THOMAS DIRECTOR 3/2 0.50
Director
$0 $0 $0
NICOLE TIRELLA DIRECTOR 1/2 0.50
Director
$0 $0 $0
MICHAEL WHITE OFFICER AT L 0.50
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,823,432 $2,938,857 $2,119,448 $-115,425
2022 $1,913,833 $1,835,376 $2,694,199 $78,457
2021 $2,004,860 $1,787,042 $2,360,199 $217,818
2020 $2,601,526 $2,181,491 $1,949,553 $420,035
2019 $2,694,688 $2,266,503 $1,437,282 $428,185
2018 $2,568,071 $2,298,124 $1,314,944 $269,947
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