Build Commonwealth Inc

EIN: 043540147 501(c)(3) Public & Societal Benefit

Boston, MA

Total Revenue
$1,775,251
Total Expenses
$6,398,313
Total Assets
$8,676,886
Net Assets
$8,322,548
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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
MA
Principal Officer
Timothy Flacke
Phone
6175419066
Tax Period
2024-10-01 to 2025-09-30

Build Commonwealth Inc, founded in 2000, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 260% operating deficit.

Mission

Build Commonwealth, Inc. strengthens the financial opportunity and security of low-and moderate-income consumers by innovating, incubating and stimulating new financial products and policies. Build Commonwealth, Inc. envisions a world where the financial system promotes lasting social and economic prosperity for every family.

Program Service Accomplishments

Program 1
Expenses: $5,736,494 Revenue: $142,500

All of Build Commonwealth's work is focused on improving the economic well-being of millions of financially vulnerable Americans through innovation. Build Commonwealth generates practical ideas for...

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All of Build Commonwealth's work is focused on improving the economic well-being of millions of financially vulnerable Americans through innovation. Build Commonwealth generates practical ideas for financial products, services and policies, pilot tests its ideas, and pursues scale strategies to reach millions of households.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,438,050
Program Service Revenue $142,500
Investment Income $194,701
Other Revenue $0
TOTAL REVENUE $1,775,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,253,918
Fundraising Expenses $144,356
Program Expenses $5,736,494
Other Expenses $2,144,395
TOTAL EXPENSES $6,398,313

Year-over-Year Comparison

2024 2023 Change
Revenue $1,775,251 $14,939,563 -0.9%
Expenses $6,398,313 $5,942,326 +0.1%
Net Income $-4,623,062 $8,997,237 -1.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
40
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
2
$255,701
Total Directors
11
$255,701
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fred T Goldberg Jr Director 2.00
Director
$0 $0 $0
Dr Kelli Keough Director 2.00
Director
$0 $0 $0
Professor Georgia Keohane Director 2.00
Director
$0 $0 $0
Professor Peter Tufano President 2.00
Officer Director
$0 $0 $0
Timothy Flacke CEO, Secy & Treasurer 40.00
Officer Director
$231,744 $23,957 $255,701
Lacrecia Cade Director 2.00
Director
$0 $0 $0
Evelyn Stark Director 2.00
Director
$0 $0 $0
Celia Edwards Karam Director 2.00
Director
$0 $0 $0
Mary Dent Director 2.00
Director
$0 $0 $0
Haydee Moreno Director 2.00
Director
$0 $0 $0
Debra Plousha-Moore Director 2.00
Director
$0 $0 $0
Nicholas Maynard Sr. Vice President 40.00
Highest
$200,037 $7,115 $207,152
Paula Grieco Sr. Vice President 40.00
Highest
$205,500 $7,285 $212,785
Michelle Carter Sr. Vice President 40.00
Highest
$168,489 $23,294 $191,783
Brenda Velazquez Sr. Vice President 40.00
Highest
$173,976 $5,143 $179,119
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 $1,775,251 $6,398,313 $8,676,886 $-4,623,062
2024 $14,939,563 $5,942,326 $13,586,512 $8,997,237
2023 $2,060,926 $5,605,403 $4,621,870 $-3,544,477
2022 $7,626,258 $4,684,040 $7,488,336 $2,942,218
2021 $1,917,151 $4,396,856 $4,562,136 $-2,479,705
2020 $1,194,758 $4,081,149 $7,072,004 $-2,886,391
2019 $11,363,097 $3,446,384 $9,946,582 $7,916,713
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