BAYSTATE FINANCIAL SERVICES FOUNDATION INC (EIN 043505349) - 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

2000

Legal Domicile

Principal Officer

DAVID C PORTER

Phone

6175854500

Tax Period

2024-01-01 to 2024-12-31

BAYSTATE FINANCIAL SERVICES FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $273K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $152K, a strong 56% operating margin.

Mission

TO RAISE CASH THROUGH VARIOUS EVENTS TO SUPPORT NE/BOSTON AREA CHARITIES.

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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 $284,433

Program Service Revenue $0

Investment Income $31

Other Revenue $-11,909

TOTAL REVENUE $272,555

Expense Breakdown

Grants Paid $95,710

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,710

Other Expenses $24,532

TOTAL EXPENSES $120,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,555	$231,740	+0.2%
Expenses	$120,242	$136,642	-0.1%
Net Income	$152,313	$95,098	+0.6%

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

140

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
DAVID C PORTER	PRESIDENT	4.00	Officer Director	$0	$0	$0
JILL TOWER CONSTANTINE	CLERK	3.00	Officer Director	$0	$0	$0
MAUREEN WHOLEY	TREASURER	3.00	Officer Director	$0	$0	$0
BRYAN MORRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BUTTERWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN L SILVERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ARNHEITER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW CLEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS O'CONNOR	LEGAL ADVISOR (PART YEAR)	2.00	Director	$0	$0	$0
WALTER R MAY III	BOARD MEMBER (PART YEAR)	1.00	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
2024	$272,555	$120,242	$375,915	$152,313
2023	$231,740	$136,642	$221,864	$95,098
2022	$167,410	$88,838	$120,693	$78,572
2021	$6,940	$81,627	$42,121	$-74,687
2020	$19,836	$48,815	$116,808	$-28,979
2019	$159,527	$128,101	$145,787	$31,426
2018	$158,423	$134,467	$114,361	$23,956

BAYSTATE FINANCIAL SERVICES FOUNDATION INC