Massachusetts Bay Community College Foundation Inc (EIN 222581930) - 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

1984

Legal Domicile

Principal Officer

REBECCA KANNAM DIRECTOR CHA

Phone

7812393000

Tax Period

2024-07-01 to 2025-06-30

Massachusetts Bay Community College Foundation Inc, founded in 1984, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $280K, a strong 22% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND COLLEGE FUNDRAISING.

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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 $1,083,549

Program Service Revenue $0

Investment Income $173,019

Other Revenue $0

TOTAL REVENUE $1,256,568

Expense Breakdown

Grants Paid $918,387

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $918,387

Other Expenses $58,464

TOTAL EXPENSES $976,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,256,568	$1,449,428	-0.1%
Expenses	$976,851	$2,119,026	-0.5%
Net Income	$279,717	$-669,598	-1.4%

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

N/A

Volunteers

190

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
James J Mckenzie	Director	0.5	Director	$0	$0	$0
Joseph Asaya	Director	0.5	Director	$0	$0	$0
THOMAS W CLEVERDON	DIRECTOR	0.5	Director	$0	$0	$0
Howard Ferris	VICE CHAIR	0.5	Officer Director	$0	$0	$0
Rebecca Kannam	CHAIR	0.5	Officer Director	$0	$0	$0
DAVID KENNEDY	DIRECTOR	0.5	Director	$0	$0	$0
TONY LOFTIS	DIRECTOR	0.5	Director	$0	$0	$0
STACY OKADA	DIrector	0.5	Director	$0	$0	$0
TODD OFENLOCH	DIRector	0.5	Director	$0	$0	$0
Stephen T HibbarD	DIRECTOR	0.5	Director	$0	$0	$0
JEAN DYER	DIRECTOR	0.5	Director	$0	$0	$0
Chris Teachout	DIRECTOR	0.5	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	$1,256,568	$976,851	$7,823,428	$279,717
2024	$1,449,428	$2,119,026	$6,952,962	$-669,598
2023	$2,585,895	$2,469,831	$7,063,730	$116,064
2022	$1,230,055	$1,246,423	$6,708,548	$-16,368
2021	$923,254	$803,440	$7,841,424	$119,814
2020	$1,601,262	$945,800	$6,766,347	$655,462
2019	$589,729	$634,310	$5,975,805	$-44,581

Massachusetts Bay Community College Foundation Inc