MASSACHUSETTS CHARTER PUBLIC SCHOOL ASSOCIATION INC (EIN 043559305) - 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

2001

Legal Domicile

Principal Officer

TIM NICOLETTE

Phone

9782125507

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS CHARTER PUBLIC SCHOOL ASSOCIATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 30% operating margin.

Mission

THE MCPSA'S PURPOSE IS TO CREATE AND PROTECT THE CONDITIONS THAT WILL ENABLE THE CHARTER SECTOR TO THRIVE, TOWARD THE LARGER GOAL OF ENSURING ALL MA CHILDREN AND FAMILIES HAVE EQUITABLE ACCESS TO HIGH-QUALITY SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,793,711

Program Service Revenue $2,764,743

Investment Income $251,144

Other Revenue $169,752

TOTAL REVENUE $4,979,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,212,414

Fundraising Expenses $24,750

Program Expenses $2,828,489

Other Expenses $1,240,819

TOTAL EXPENSES $3,472,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,979,350	$4,542,055	+0.1%
Expenses	$3,472,733	$3,006,224	+0.2%
Net Income	$1,506,617	$1,535,831	0.0%

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

Volunteers

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

$297,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM NICOLETTE	EXECUTIVE DIRECTOR	40.00	Officer	$289,808	$8,063	$297,871
OONA COOK	COO (UNTIL 2/24)	40.00	Highest	$192,585	$20,537	$213,122
DANIELLE PAPE	CHIEF OF PUBLIC AFFAIRS	40.00	Highest	$192,885	$9,266	$202,151
ERICA BROWN	CHIEF OF POLICY & PRACTICE	40.00	Highest	$183,925	$9,563	$193,488
LINA MUSAYEV	SR. DIR. OF SCHOOL SUPPORTS	40.00	Highest	$149,987	$2,044	$152,031
ADKEEM JACKSON	DIR. OF COMM. MOBILIZATION	40.00	Highest	$105,861	$26,787	$132,648
BETH ANDERSON	VP (UNTIL 6/23) /PRES. (AS OF 7/23)	1.00	Officer Director	$0	$0	$0
NIKKI BARNES	VICE PRESIDENT (AS OF 7/23)	1.00	Officer Director	$0	$0	$0
GREG ORPEN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT BEATTY	CLERK	1.00	Officer Director	$0	$0	$0
RACHEL ROMANO	BOARD MEMBER	1.00	Director	$0	$0	$0
BARISH ICIN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER ZOLNOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MODESTO MONTERO	BOARD MEMBER	1.00	Director	$0	$0	$0
FARIDA M GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
THABITI BROWN	PRES. (UNTIL 6/23) /DIR. (UNTIL 6/24)	1.00	Director	$0	$0	$0
NNENNA UDE	BOARD MEMBER (UNTIL 6/24)	1.00	Director	$0	$0	$0
JEFF WULFSON	BOARD MEMBER (UNTIL 6/24)	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
2025	No data	No data	No data	No data
2024	$4,979,350	$3,472,733	$6,601,979	$1,506,617
2023	$4,542,055	$3,006,224	$5,148,496	$1,535,831
2022	$3,098,616	$3,020,189	$3,207,817	$78,427
2021	$3,421,551	$2,978,764	$3,181,253	$442,787
2020	$3,436,545	$2,865,863	$2,949,963	$570,682
2019	$2,849,365	$2,604,251	$2,059,352	$245,114

MASSACHUSETTS CHARTER PUBLIC SCHOOL ASSOCIATION INC