ANDOVER EDUCATION ASSOCIATION

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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

1969

Legal Domicile

Principal Officer

MICHELLE CHACHUS

Phone

9788463229

Tax Period

2024-07-01 to 2025-06-30

ANDOVER EDUCATION ASSOCIATION, founded in 1969, is a small nonprofit that reported $659K in total revenue in fiscal year 2024. Expenses of $587K left a modest 11% surplus.

Mission

THE ASSOCIATION SERVES AS A COLLECTIVE BARGAINING UNIT FOR THE TEACHERS, CLEICAL AND NURSING STAFF OF THE ANDOVER PUBLIC SCHOOL SYSTEM. THE ASSOCIATION ALSO PROVIDES SUPPORT AND TRAINING FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $579,062

COLLECTIVE BARGAINING UNIT AND PROVIDER OF SUPPORT AND TRAINING TO THE TEACHERS, CLERICAL AND NURSING STAFF OF THE ANDOVER PUBLIC SCHOOL SYSTEM.

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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 $659,451

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $659,463

Expense Breakdown

Grants Paid $517,371

Salaries & Benefits $36,950

Fundraising Expenses $0

Program Expenses $579,062

Other Expenses $32,293

TOTAL EXPENSES $586,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,463	$618,210	+0.1%
Expenses	$586,614	$642,895	-0.1%
Net Income	$72,849	$-24,685	-4.0%

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

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

$20,550

Total Directors

$36,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BACH	PRESIDENT	5.00	Officer Director	$4,000	$0	$4,000
MICHELLE CHACHUS	TREASURER	5.00	Officer Director	$2,800	$0	$2,800
ANGELA GORDON	SECRETARY	5.00	Officer Director	$3,250	$0	$3,250
LAUREN MCCARRON	2ND VICE PRESIDENT	5.00	Officer Director	$2,800	$0	$2,800
RENEE THEODOROU	MEMBERSHIP CHAIR	5.00	Officer Director	$2,800	$0	$2,800
KAREN TORRES	IA PRESIDENT	1.00	Officer Director	$2,100	$0	$2,100
ELIZABETH TYRELL	VICE PRESIDENT	5.00	Officer Director	$2,800	$0	$2,800
ALAN KALF	TRUSTEE	1.00	Director	$400	$0	$400
ANDREA CHASE	TRUSTEE	1.00	Director	$650	$0	$650
CAMERON WOOD	TRUSTEE	1.00	Director	$400	$0	$400
CAROL GIANOPOLOUS	TRUSTEE	1.00	Director	$400	$0	$400
CRYSTAL MARTELL	TRUSTEE	1.00	Director	$200	$0	$200
DANIEL DONOVAN	TRUSTEE	1.00	Director	$400	$0	$400
DEIDRE CARTY	TRUSTEE	1.00	Director	$600	$0	$600
ELIZABETH ARNOLD	TRUSTEE	1.00	Director	$400	$0	$400
ELIZABETH MOODY	TRUSTEE	1.00	Director	$400	$0	$400
FRED HOPKINS	TRUSTEE	1.00	Director	$1,400	$0	$1,400
HEIDI BORENSTEIN	TRUSTEE	1.00	Director	$400	$0	$400
HOLLY CURRIER	TRUSTEE	1.00	Director	$400	$0	$400
JAIMIE KAPLAN	TRUSTEE	1.00	Director	$900	$0	$900
JANE KISH	TRUSTEE	1.00	Director	$400	$0	$400
JOHN BERUBE	TRUSTEE	1.00	Director	$300	$0	$300
JOHN JANNETTI	TRUSTEE	5.00	Director	$450	$0	$450
JUDY BOGOSIAN	TRUSTEE	1.00	Director	$400	$0	$400
KAREN LABONTE	TRUSTEE	1.00	Director	$400	$0	$400
KIM LEMIEUX	TRUSTEE	1.00	Director	$400	$0	$400
LISA COLLINS	TRUSTEE	1.00	Director	$350	$0	$350
LORI LAWRENCE	TRUSTEE	1.00	Director	$400	$0	$400
LYDIA WISE	TRUSTEE	1.00	Director	$400	$0	$400
MARY JAY HUDAK	TRUSTEE	1.00	Director	$400	$0	$400
MEAGHAN MCCARTHY	TRUSTEE	1.00	Director	$400	$0	$400
MELISSA NUSSBAUM	TRUSTEE	1.00	Director	$400	$0	$400
NICHOLAS RAND	TRUSTEE	1.00	Director	$400	$0	$400
RALPH BLEDSOE	TRUSTEE	1.00	Director	$450	$0	$450
SHANNA BEAL	TRUSTEE	1.00	Director	$400	$0	$400
STACY HARRISON	TRUSTEE	1.00	Director	$200	$0	$200
STEPHANIE MANNING	TRUSTEE	1.00	Director	$400	$0	$400
SUSAN GRECO	TRUSTEE	1.00	Director	$400	$0	$400
TAMAR DRISCOLL	TRUSTEE	1.00	Director	$400	$0	$400
TAMMY WHEELER	TRUSTEE	1.00	Director	$400	$0	$400
RUTH MASTERS	TRUSTEE	1.00	Director	$850	$0	$850
KATHY MELTZAKOS	TRUSTEE	1.00	Director	$350	$0	$350
DAVID PISCIA	TRUSTEE	1.00	Director	$500	$0	$500

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	$659,463	$586,614	$173,415	$72,849
2024	$618,210	$642,895	$100,566	$-24,685
2023	$556,630	$613,751	$125,251	$-57,121
2022	$631,079	$489,233	$182,372	$141,846
2021	$536,408	$543,915	$40,526	$-7,507
2020	$488,879	$446,916	$48,033	$41,963
2019	$533,358	$535,186	$6,070	$-1,828