QUINCY EDUCATION ASSOCIATION INC

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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

1966

Legal Domicile

Principal Officer

GAYLE CARVALHO

Phone

7817696262

Tax Period

2024-07-01 to 2025-06-30

QUINCY EDUCATION ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $359K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 23% operating margin.

Mission

LABOR UNION REPRESENTATIVE AND EXCLUSIVE BARGAINING AGENT FOR THE TEACHERS, NURSES AND CERTAIN OTHER ADMINISTRATORS OF THE QUINCY PUBLIC SCHOOLS.

Program Service Accomplishments

Program 1

LABOR UNION REPRESENTATIVE AND EXCLUSIVE BARGAINING AGENT FOR THE TEACHERS,

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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 $353,313

Program Service Revenue $0

Investment Income $53

Other Revenue $5,323

TOTAL REVENUE $358,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,502

Fundraising Expenses $0

Other Expenses $174,113

TOTAL EXPENSES $276,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,689	$278,571	+0.3%
Expenses	$276,615	$295,525	-0.1%
Net Income	$82,074	$-16,954	-5.8%

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

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

$44,760

Total Directors

$10,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLE CARVALHO	PRESIDENT	8.00	Officer	$16,500	$0	$16,500
CAITLIN EGAN	MEMBERSHIP C	8.00	Officer	$10,760	$0	$10,760
MICHAEL ELLIS	VICE-PRESIDE	4.00	Officer	$7,000	$0	$7,000
SARAH ONOFRI	BOARD MEMBER	4.00	Officer Director	$6,000	$0	$6,000
NICOLE PREVOST	BOARD MEMBER	4.00	Director	$4,500	$0	$4,500
LINDSEY REARDON	SECRETARY	4.00	Officer	$3,000	$0	$3,000
KATHERINE THOMPSON	TREASURER	8.00	Officer	$1,500	$0	$1,500

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	$358,689	$276,615	$760,676	$82,074
2024	$278,571	$295,525	$712,628	$-16,954
2023	$208,018	$267,325	$648,704	$-59,307
2022	$304,048	$197,050	$788,639	$106,998
2021	$198,583	$162,761	$792,815	$35,822
2020	$236,769	$139,404	$707,491	$97,365
2019	$215,482	$143,987	$596,626	$71,495
2018	$230,744	$191,415	$504,754	$39,329