PLANNED LIFETIME ASSISTANCE NETWOR… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

HAROLD FORTNA

Phone

6172445552

Tax Period

2023-07-01 to 2024-06-30

PLANNED LIFETIME ASSISTANCE NETWORK OF MASSACHUSETTS AND RHODE ISLANDINC, founded in 1971, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 21% operating margin.

Mission

PLANNED LIFETIME ASSISTANCE NETWORK OF MASSACHUSETTS AND RHODE ISLAND (PLAN OF MA AND RI) IS A NON-PROFIT ORGANIZATION THAT PROVIDES PLANNING AND TRUST MANAGEMENT SERVICES TO INDIVIDUALS WITH SPECIAL NEEDS THROUGHOUT MASSACHUSETTS AND RHODE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $3,288,929 Revenue: $5,431,890

PROVIDE PLANNING AND TRUST MANAGEMENT SERVICES TO INDIVIDUALS WITH SPECIAL NEEDS THROUGHOUT MASSACHUSETTS AND RHODE ISLAND.

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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 $4,452,826

Investment Income $979,064

Other Revenue $0

TOTAL REVENUE $5,431,890

Expense Breakdown

Grants Paid $488,295

Salaries & Benefits $2,337,167

Fundraising Expenses $0

Program Expenses $3,288,929

Other Expenses $1,479,112

TOTAL EXPENSES $4,304,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,431,890	$4,418,869	+0.2%
Expenses	$4,304,574	$4,045,769	+0.1%
Net Income	$1,127,316	$373,100	+2.0%

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

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

$240,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SILSBY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SETH HABER	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAROLD FORTNA	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT LOEB	CLERK	2.00	Officer Director	$0	$0	$0
DAVID ROZENSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNA BAUER-MCTIGUE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WIZANSKY	DIRECTOR	2.00	Director	$0	$0	$0
CAROL COVELL	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA BOOTH	DIRECTOR	2.00	Director	$0	$0	$0
TODD SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL J GALLI	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM H HULSEY	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN PRULL MOONAN	DIRECTOR	2.00	Director	$0	$0	$0
JOAN MCGRATH	EXECUTIVE DIRECTOR	35.00	Officer	$223,711	$16,602	$240,313
KATHY VITELLO	DIRECTOR OF OPERATIONS	35.00	Highest	$140,255	$13,239	$153,494
CLARE KEATING	CONTROLLER	35.00	Highest	$163,403	$17,319	$180,722

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	$5,431,890	$4,304,574	$41,204,765	$1,127,316
2023	$4,418,869	$4,045,769	$36,207,374	$373,100
2022	$4,823,642	$3,644,463	$35,106,173	$1,179,179
2021	$4,083,286	$2,953,995	$40,914,398	$1,129,291
2020	$5,468,514	$2,544,373	$40,108,997	$2,924,141
2019	$4,476,062	$2,285,395	$30,660,167	$2,190,667
2018	$4,424,393	$2,219,876	$35,118,458	$2,204,517

PLANNED LIFETIME ASSISTANCE NETWORK OF MASSACHUSETTS AND RHODE ISLANDINC