MARBLEHEAD COUNSELING CENTER

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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

1970

Legal Domicile

Principal Officer

RUTH FERGUSON

Phone

7816318273

Tax Period

2023-07-01 to 2024-06-30

MARBLEHEAD COUNSELING CENTER, founded in 1970, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $617K, a strong 40% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILES IN THE MARBLEHEAD/SWAMPSCOTT COMMUNITY BY PROVIDING A HIGH-QUALITY LOCAL SOURCE OF MENTAL HEALTH AND FAMILY SUPPORT SERVICES. WE PROVIDE COUNSELING, GUIDANCE AND EDUCATION TO HELP RESOLVE PERSONAL AND INTERPERSONAL ISSUES; DELIVER EDUCATION PROGRAMS TO ENHANCE LIFE SKILLS, EMOTIONAL STRENGTH, AND OVERALL WELL-BEING; ORGANIZE COMMUNITY PARTNERSHIPS THAT ADDRESS LOCAL CONCERNS; AND OFFER CHARITABLE ASSISTANCE FOR PEOPLE WHO LIVE OR WORK IN MARBLEHEAD.

Program Service Accomplishments

Program 1

Expenses: $633,787 Revenue: $742,603

SERVICES INCLUDE: PSYCHOLOGICAL COUNSELING, CLINICAL SOCIAL WORK, COMMUNITY EDUCATION WORKSHOPS/PROGRAMS, COMMUNITY BUILDING, AND CHARITABLE ASSISTANCE. SPECIFICALLY, THE CENTER PROVIDED OVER 4,000 COUNSELING SESSIONS TO OVER 500 CLIENTS; ARRANGED FOR CHARITABLE ASSISTANCE TO ADDRESS DESPERATE NEEDS FOR 40 FAMILIES WITH THE HELP OF LOCAL ORGANIZATIONS; DROVE THE DEVELOPMENT OF TWO COMMUNITY-WIDE EFFORTS TO CREATE A TEEN CENTER AND REDUCE TEEN SUBSTANCE ABUSE; PROVIDED SUPPORT TO A LOCAL BIG-BROTHER/SISTER PROGRAM; TAUGHT SOCIAL SKILLS, CONFLICT RESOLUTION AND TIME MANAGEMENT TO LOCAL STUDENTS; AND PARTICIPATED IN 15 COMMUNITY-BASED COMMITTEES.

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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 $748,283

Program Service Revenue $742,603

Investment Income $8,849

Other Revenue $32,625

TOTAL REVENUE $1,532,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,276

Fundraising Expenses $0

Program Expenses $633,787

Other Expenses $163,420

TOTAL EXPENSES $915,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,532,360	$1,013,131	+0.5%
Expenses	$915,696	$896,570	+0.0%
Net Income	$616,664	$116,561	+4.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH ROSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
RUTH FERGUSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE BARBOUR	DIRECTOR	2.00	Director	$0	$0	$0
ELI NAPARSTEK	DIRECTOR	2.00	Director	$0	$0	$0
TIM PHILLIPS	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
BILL CROUCH	TREASURER	2.00	Officer Director	$0	$0	$0
GREG MALOBLOCKI	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN KESSLER	CLERK	2.00	Director	$0	$0	$0
JANICE BRATHWAITE	DIRECTOR	2.00	Director	$0	$0	$0
RON GRENIER	DIRECTOR	2.00	Director	$0	$0	$0
FELICIA MOORE	DIRECTOR	2.00	Director	$0	$0	$0
ERIN HAGARTY	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$1,532,360	$915,696	$1,030,332	$616,664
2023	$1,013,131	$896,570	$386,027	$116,561
2022	$623,838	$789,469	$238,298	$-165,631
2021	$728,186	$663,235	$422,579	$64,951
2020	$551,570	$582,617	$417,308	$-31,047
2019	$560,226	$539,247	$378,191	$20,979