MASSACHUSETTS RESTAURANT ASSOCIATI… - 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

1999

Legal Domicile

Principal Officer

STEPHEN CLARK

Phone

8008523042

Tax Period

2024-07-01 to 2025-06-30

MASSACHUSETTS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $436K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $1.0M represent 28 months of operating reserves.

Mission

EDUCATIONAL PROGRAMS FOR HIGH SCHOOL STUDENTS AND DEVELOPMENT AND CONTINUING EDUCATION FOR MEMBERS OF THE FOOD SERVICE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $348,779

THE FOUNDATION ADMINISTERS THE PROSTART EDUCATION PROGRAM IN 23 HIGH SCHOOLS THROUGHOUT MASSACHUSETTS. PROFESSIONAL DEVELOPMENT DAYS FOR THE TEACHERS AS WELL AS CLASSROOM SUPPORT IS PROVIDED. THE...

THE FOUNDATION ADMINISTERS THE PROSTART EDUCATION PROGRAM IN 23 HIGH SCHOOLS THROUGHOUT MASSACHUSETTS. PROFESSIONAL DEVELOPMENT DAYS FOR THE TEACHERS AS WELL AS CLASSROOM SUPPORT IS PROVIDED. THE EDUCATIONAL NEED OF MEMBERS ARE MET THROUGH CLASSES IN SAVING ENERGY, GOING GREEN, BASIC ACCOUNTING, SERVICE, SOCIAL MEDIA MARKETING, MARKETING, ETC. THE FOUNDATION ALSO PRODUCES EIGHT SEMINARS AT THE ANNUAL NEW ENGLAND FOOD SHOW AND OFFERS A MANAGEMENT SYMPOSIUM EVERY OTHER YEAR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $395,764

Program Service Revenue $17,440

Investment Income $20,798

Other Revenue $1,919

TOTAL REVENUE $435,921

Expense Breakdown

Grants Paid $123,707

Salaries & Benefits $0

Fundraising Expenses $46,857

Program Expenses $348,779

Other Expenses $322,243

TOTAL EXPENSES $445,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,921	$493,217	-0.1%
Expenses	$445,950	$363,448	+0.2%
Net Income	$-10,029	$129,769	-1.1%

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

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM WALLACE	PRESIDENT	N/A	Officer Director	$0	$0	$0
NICK CALIAS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PEGGY DICKINSON	TREASURER	N/A	Officer Director	$0	$0	$0
ANDY HUSBANDS	FIRST VICE P	N/A	Officer Director	$0	$0	$0
JOHN CARLINO	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
RICK MCKINNEY	PROSTART ED	N/A	Officer Director	$0	$0	$0
CAMILA HENNESSEY	MLRA ADVISOR	N/A	Officer Director	$0	$0	$0
PAT BANDO	DIRECTOR	N/A	Director	$0	$0	$0
BILL CALLAGHAN	DIRECTOR	N/A	Director	$0	$0	$0
KELLY CARALIS	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE EATON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES GRIFFIN	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA IVATTS	DIRECTOR	N/A	Director	$0	$0	$0
ERIC LEBLANC	DIRECTOR	N/A	Director	$0	$0	$0
TIM MCGEE	DIRECTOR	N/A	Officer Director	$0	$0	$0
NICOLE OLIVIER	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN OGLESBY	DIRECTOR	N/A	Director	$0	$0	$0
NINA REED	DIRECTOR	N/A	Director	$0	$0	$0
SARAH WADE	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN CLARK	EXECUTIVE DI	N/A	Officer	$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	$435,921	$445,950	$1,044,547	$-10,029
2024	$493,217	$363,448	$1,055,620	$129,769
2023	$378,422	$367,353	$856,395	$11,069
2022	$374,846	$285,560	$826,124	$89,286
2021	$394,848	$311,807	$860,133	$83,041
2020	$287,352	$326,171	$701,168	$-38,819

MASSACHUSETTS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION