MARLBOROUGH, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MASSACHUSETTS SOLDIERS LEGACY FUND, founded in 2004, is a small nonprofit in the Education sector that reported $114K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $492K exceeded revenue, resulting in a 330% operating deficit.
TO PROVIDE EDUCATIONAL ASSISTANCE GRANTS TO THE CHILDREN OF MASSACHUSETTS SERVICE MEMBERS WHO HAVE DIED IN THE WAR AGAINST TERRORISM WHILE DEPLOYED ON OPERATIONS ENDURING FREEDOM AND IRAQI FREEDOM, OR IN OTHER, FUTURE THEATERS OF OPERATION, AND MASSACHUSETTS EMPLOYEES OF THE CIA WHO HAVE DIED IN SUCH CONFLICTS OR THEATERS OF OPERATION. THE MSLF IS SPECIFICALLY DESIGNED TO GRANT FUNDS FOR CURRENT AND FUTURE EDUCATIONAL ASSISTANCE FOR CHILDREN WHOSE PARENT'S HOME OF RECORD AT THE DEPARTMENT OF DEFENSE (DOD) WAS MASSACHUSETTS. OVER THE NEXT 20+ YEARS, THE MSLF IS COMMITTED TO DISPERSING EDUCATIONAL ASSISTANCE GRANTS TO THE CHILDREN OF MASSACHUSETTS BASED SERVICE MEMBERS.
SINCE EARLY 2004, THERE HAVE BEEN OVER 200 DEATHS OF SERVICE MEMBERS WHOSE HOME OF RECORD AT THE DEPARTMENT OF DEFENSE WAS MASSACHUSETTS. TO DATE, THERE HAVE BEEN 54 FAMILIES AND 89 CHILDREN WHO HAVE...
SINCE EARLY 2004, THERE HAVE BEEN OVER 200 DEATHS OF SERVICE MEMBERS WHOSE HOME OF RECORD AT THE DEPARTMENT OF DEFENSE WAS MASSACHUSETTS. TO DATE, THERE HAVE BEEN 54 FAMILIES AND 89 CHILDREN WHO HAVE LOST A PARENT WHOSE HOME OF RECORD WAS MASSACHUSETTS. THESE CHILDREN ARE ELIGIBLE TO RECEIVE EDUCATIONAL GRANTS FROM THE MSLF. CURRENTLY, THESE CHILDREN'S AGES RANGE FROM 3 TO 35 YEARS OF AGE. THE MSLF DISTRIBUTES GRANTS TO ELIGIBLE CHILDREN FOR HIGHER EDUCATION, EDUCATIONAL AND VOCATIONAL PROGRAMS, PRE AND POST-SECONDARY EDUCATION. IN 2023, THE MSLF DISTRIBUTED A TOTAL OF $361,333 IN GRANTS FOR THE BENEFIT OF THESE CHILDREN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $114,312 | $187,062 | -0.4% |
| Expenses | $491,937 | $564,856 | -0.1% |
| Net Income | $-377,625 | $-377,794 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT T HALE JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GLENN MANGURIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC KAPITULIK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER G TROVATO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS JENNINGS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY PINCH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN DURKIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERICA ZEIGER | DIRECTOR | 40.00 |
Officer
|
$99,500 | $2,985 | $102,485 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $114,312 | $491,937 | $3,161,262 | $-377,625 |
| 2022 | $187,062 | $564,856 | $3,117,469 | $-377,794 |
| 2021 | $299,080 | $528,149 | $4,227,504 | $-229,069 |
| 2020 | $275,321 | $589,053 | $4,101,604 | $-313,732 |
| 2019 | $296,421 | $657,114 | $4,138,031 | $-360,693 |
| 2018 | $344,512 | $493,597 | $3,895,975 | $-149,085 |
Compare MASSACHUSETTS SOLDIERS LEGACY FUND with other nonprofits in Massachusetts and across the country.