MASSACHUSETTS CENTER FOR THE BOOK … - Form 990 Financial Data

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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

COURTNEY ANDREE

Phone

4133413143

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS CENTER FOR THE BOOK INC, founded in 2000, is a small nonprofit in the Education sector that reported $435K in total revenue in fiscal year 2023. Expenses of $399K left a modest 8% surplus.

Mission

THE MASSACHUSETTS CENTER FOR THE BOOK, CHARTERED AS THE COMMONWEALTH AFFILIATE OF THE CENTER FOR THE BOOK IN THE LIBRARY OF CONGRESS, IS A PUBLIC-PRIVATE PARTNERSHIP CHARGED WITH DEVELOPING, SUPPORTING, AND PROMOTING CULTURAL PROGRAMMING THAT WILL ADVANCE THE CAUSE OF BOOKS AND READING AND ENHANCE THE OUTREACH POTENTIAL OF MASSACHUSETTS LIBRARIES.

Program Service Accomplishments

Program 1

Expenses: $33,911

ANNUAL MASSACHUSETTS BOOK AWARDS - PROMOTES BOOKS BY MASSACHUSETTS WRITERS IN LIBRARIES AND THROUGH AUTHOR PROGRAMS. POSTERS, BOOKMARKS, TENT CARDS DISTRIBUTED FOR READING PROMOTION DISPLAYS. AUTHORS INTRODUCED TO LIBRARIANS AT ANNUAL CONFERENCE TO LEGISLATORS AT A STATE HOUSE EVENT. STATEWIDE BENEFIT. OVER 450 BOOKS CONSIDERED.

Program 2

Expenses: $10,315

MASS KIDS LIT FEST, TIMED TO CHILDREN'S BOOK WEEK, IS PRODUCED IN PARTNERSHIP WITH SCHOOLS, COMMUNITY GROUPS, AND LIBRARIES ACROSS HAMPSHIRE, HAMDEN, AND FRANKLIN COUNTIES. THE INAUGURAL FESTIVAL...

MASS KIDS LIT FEST, TIMED TO CHILDREN'S BOOK WEEK, IS PRODUCED IN PARTNERSHIP WITH SCHOOLS, COMMUNITY GROUPS, AND LIBRARIES ACROSS HAMPSHIRE, HAMDEN, AND FRANKLIN COUNTIES. THE INAUGURAL FESTIVAL REACHED OVER 450 STUDENTS AND FAMILIES THROUGH SCHOOL VISITS, AUTHOR WORKSHOPS, AND HANDS-ON ACTIVITIES.

Program 3

Expenses: $6,352

ANNUAL LETTERS ABOUT LITERATURE, STATEWIDE STUDENT READING/WRITING PROGRAM IN SCHOOLS AND LIBRARIES THROUGHOUT THE COMMONWEALTH. 1600 STUDENT PARTICIPANTS.

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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 $435,046

Program Service Revenue $0

Investment Income $12

Other Revenue $301

TOTAL REVENUE $435,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,172

Fundraising Expenses $4,860

Program Expenses $320,305

Other Expenses $175,165

TOTAL EXPENSES $399,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,359	$411,022	+0.1%
Expenses	$399,337	$475,772	-0.2%
Net Income	$36,022	$-64,750	-1.6%

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

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

$124,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTA MCLEOD	CHAIR	1.25	Officer Director	$0	$0	$0
CHRISTINE TRIDENTE FAHEY	VICE CHAIR	1.25	Officer Director	$0	$0	$0
MOLLY FOGARTY	TREASURER	1.25	Officer Director	$0	$0	$0
MARTHA POTT	CLERK	1.25	Officer Director	$0	$0	$0
MOYING LI	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WALD	DIRECTOR	1.00	Director	$0	$0	$0
REGINA GALASSO	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JIMENEZ ZIGLER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE YARBROUGH	DIRECTOR PAST	1.00	Director	$0	$0	$0
TIMOTHY CHERUBINI	DIRECTOR PAST	1.00	Director	$0	$0	$0
SHARON SHALOO	EXECUTIVE DIRECTOR PAST	40.00	Officer	$71,678	$2,374	$74,052
COURTNEY ANDREE	EXECUTIVE DIRECTOR	40.00	Officer	$44,688	$6,097	$50,785

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	$435,359	$399,337	$341,654	$36,022
2023	$411,022	$475,772	$322,699	$-64,750
2022	$368,570	$230,223	$289,969	$138,347
2021	$263,442	$199,876	$162,062	$63,566
2020	$215,164	$206,504	$106,206	$8,660
2019	$213,055	$209,574	$84,296	$3,481
2018	$221,239	$189,574	$73,015	$31,665

MASSACHUSETTS CENTER FOR THE BOOK INC