Chiropractic Society Inc Massachusetts (EIN 046193031) - 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

1966

Legal Domicile

Principal Officer

Tracey Lane

Phone

7818490000

Tax Period

2024-10-01 to 2025-09-30

Chiropractic Society Inc Massachusetts, founded in 1966, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $217K left a modest 6% surplus.

Mission

The mission is to defend, protect, and advance chiropractic in Massachusetts.

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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 $193,228

Program Service Revenue $36,784

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,147

Fundraising Expenses $0

Program Expenses $216,907

Other Expenses $105,760

TOTAL EXPENSES $216,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,012	$319,153	-0.3%
Expenses	$216,907	$247,200	-0.1%
Net Income	$13,105	$71,953	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Dixon	Vice President	1.00	Officer Director	$0	$0	$0
Rob Page	Treasurer	5.00	Officer Director	$0	$0	$0
Stephen Heney	President	20.00	Officer Director	$0	$0	$0
Deborah Fudge	Director	1.00	Director	$0	$0	$0
Gerard Cassista	Chairman	1.00	Officer Director	$0	$0	$0
Doug Maguire	Director	1.00	Director	$0	$0	$0
Thomas Sullivan	Director	1.00	Director	$0	$0	$0
Timothy Belanger	Director	1.00	Director	$0	$0	$0
Steven Saro	Legislative Chair	1.00	Director	$0	$0	$0
Dan Fanselow	Vice President	1.00	Officer Director	$0	$0	$0
John McCarthy	Vice President	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	$230,012	$216,907	$92,150	$13,105
2024	No data	No data	No data	No data
2023	$260,025	$275,663	$7,092	$-15,638
2022	$231,565	$246,423	$22,730	$-14,858
2021	$171,836	$207,255	$37,588	$-35,419
2020	$302,888	$239,496	$73,007	$63,392
2019	$274,703	$275,433	$44,040	$-730
2018	$277,657	$277,984	$10,345	$-327

Chiropractic Society Inc Massachusetts