ASSOCIATED INDUSTRIES OF MASSACHUSETTS FOUNDATION INC

EIN: 223127535 501(c)(3) Science & Technology

BOSTON, MA

Total Revenue
$120,000
Total Expenses
$129,058
Total Assets
$220,310
Net Assets
$-487,530
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
BROOKE M THOMSON
Phone
6172621180
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATED INDUSTRIES OF MASSACHUSETTS FOUNDATION INC, founded in 1991, is a small nonprofit in the Science & Technology sector that reported $120K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring.

Mission

THE AIM FOUNDATION PROVIDES UNBIASED RESEARCH AND EDUCATION (SEE SCHEDULE O). ON ISSUES OF PUBLIC INTEREST WITH THE OBJECTIVE OF CREATING AN ECONOMY THAT BUILDS OPPORTUNITY FOR ALL THE CITIZENS OF MASSACHUSETTS. THE FOUNDATION EMPHASIZES ISSUES THAT AFFECT BUSINESS GROWTH AND COMPETITIVENESS, ECONOMIC INCLUSION OF HISTORICALLY UNDERREPRESENTED GROUPS, AND THE AVAILABILITY OF TRAINING AND EDUCATION NEEDED TO KEEP MASSACHUSETTS AS A GLOBAL CENTER OF INNOVATION AND COMMERCE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $120,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $120,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,177
Fundraising Expenses $0
Program Expenses $95,001
Other Expenses $75,881
TOTAL EXPENSES $129,058

Year-over-Year Comparison

2023 2022 Change
Revenue $120,000 $370,000 -0.7%
Expenses $129,058 $52,351 +1.5%
Net Income $-9,058 $317,649 -1.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
4
$1,078,530
Total Directors
4
$1,456,753
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROOKE M THOMSON DIRECTOR/PRESIDENT(AS OF 12/18/2023) 0.10
Officer Director
$0 $13,281 $364,100
JOHN R REGAN NON-VOTING PRESIDENT (THRU 12/18/2023) 2.00
Officer Director
$0 $30,219 $489,258
SARALEE G SESNOVICH TREASURER 2.00
Officer Director
$0 $16,414 $225,172
CHRISTOPHER KEALEY DIRECTOR (AS OF 12/18/2023) 3.50
Director
$0 $38,806 $378,223
ROBERT R RUDDOCK ESQ CLERK/SECRETARY 1.00
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 No data No data No data No data
2023 $120,000 $129,058 $220,310 $-9,058
2022 $370,000 $52,351 $252,955 $317,649
2021 $236,500 $107,180 $4,415 $129,320
2020 $120,000 $25,572 $2,814 $94,428
2019 $147,500 $64,217 $4,532 $83,283
2018 No data $21,385 $3,165 No data
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