MASSACHUSETTS HEAD START ASSOCIATION INC (EIN 200857352) - 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

2003

Legal Domicile

Phone

7815817220

Tax Period

2024-01-01 to 2024-12-31

MASSACHUSETTS HEAD START ASSOCIATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $354K in total revenue in fiscal year 2024.

Mission

MHSA serves as the voice of Head Start in Massachusetts by providing collaborative learning opportunities, leveraging partnerships, and advocating for Head Start programs. (There was an extra the before the first Head Start and Head Start should be capitalized.

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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 $252,959

Program Service Revenue $96,118

Investment Income $4,868

Other Revenue $0

TOTAL REVENUE $353,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,895

Fundraising Expenses $0

Program Expenses $305,575

Other Expenses $109,062

TOTAL EXPENSES $365,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,945	$334,184	+0.1%
Expenses	$365,957	$262,054	+0.4%
Net Income	$-12,012	$72,130	-1.2%

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

$112,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Haimowitz	Executive Director	40.00	Director	$110,448	$2,549	$112,997
Justine Donovan	Director	1.85	Director	$0	$0	$0
Sherri DiPippo	Director	1.85	Director	$0	$0	$0
Dianne Curtin	Director	1.85	Director	$0	$0	$0
Aditi Subramaniam	Director	1.85	Director	$0	$0	$0
Chris Hosman	Director	1.85	Director	$0	$0	$0
Meghan Siembor	Chair	3.46	Officer Director	$0	$0	$0
Flossy Calderon	Vice Chair	2.31	Officer Director	$0	$0	$0
Nicole Blais	Treasurer	2.31	Officer Director	$0	$0	$0
Nancy Mahoney	Secretary	2.31	Officer 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	$353,945	$365,957	$265,686	$-12,012
2023	$334,184	$262,054	$256,320	$72,130
2022	$206,601	$181,290	$177,075	$25,311
2020	$164,413	$136,254	$114,332	$28,159
2019	$150,375	$148,505	$91,000	$1,870
2018	$150,448	$116,766	$89,434	$33,682

MASSACHUSETTS HEAD START ASSOCIATION INC