MASSACHUSETTS SOLDIERS LEGACY FUND (EIN 201909556) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

PETER G TROVATO

Phone

5086302382

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,322

Program Service Revenue $0

Investment Income $83,990

Other Revenue $0

TOTAL REVENUE $114,312

Expense Breakdown

Grants Paid $316,034

Salaries & Benefits $110,295

Fundraising Expenses $14,538

Program Expenses $428,934

Other Expenses $65,608

TOTAL EXPENSES $491,937

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$102,485

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

MASSACHUSETTS SOLDIERS LEGACY FUND