Massachusetts Correction Officers Federated Union (EIN 223030391) - 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

1989

Legal Domicile

Principal Officer

Scott McAdoo

Phone

7743966477

Tax Period

2023-10-01 to 2024-09-30

Massachusetts Correction Officers Federated Union, founded in 1989, is a community nonprofit in the Recreation & Sports sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

Labor union

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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 $0

Program Service Revenue $2,651,860

Investment Income $254,018

Other Revenue $0

TOTAL REVENUE $2,905,878

Expense Breakdown

Grants Paid $132,273

Salaries & Benefits $1,206,135

Fundraising Expenses $0

Other Expenses $1,058,932

TOTAL EXPENSES $2,975,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,905,878	$2,873,971	+0.0%
Expenses	$2,975,104	$3,400,083	-0.1%
Net Income	$-69,226	$-526,112	-0.9%

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

N/A

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

$980,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Gleason	Former Treasurer	40.00	Officer	$102,312	$8,981	$111,293
Kevin Flanagan	Legislative Representative	40.00	Officer	$97,521	$10,914	$108,435
Richard Medeiros	Former Vice President	40.00	Officer	$198,242	$24,710	$222,952
Eric Cambra	Former Business Agent	40.00	Officer	$98,595	$8,982	$107,577
Dennis Martin	President	40.00	Officer	$185,010	$18,146	$203,156
Andrew Bellamy	Grievance Coordinator	40.00	Officer	$103,191	$10,187	$113,378
Gregory Dominique	Executive Secretary	40.00	Officer	$104,173	$9,824	$113,997
Scott McAdoo	Treasurer	40.00	Officer	$0	$0	$0
Vincent Ruziak	Vice President	40.00	Officer	$0	$0	$0
Corey Scafidi	Business Agent	40.00	Officer	$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
2024	$2,905,878	$2,975,104	$5,015,342	$-69,226
2023	$2,873,971	$3,400,083	$5,252,449	$-526,112
2022	$3,161,226	$3,121,820	$5,016,192	$39,406
2021	$3,175,873	$3,198,216	$5,595,064	$-22,343
2020	$3,115,547	$2,739,716	$5,469,290	$375,831
2019	$2,995,087	$3,023,444	$5,111,564	$-28,357
2018	$2,996,256	$2,836,465	$5,072,841	$159,791

Massachusetts Correction Officers Federated Union