GROW ASSOCIATES INC

EIN: 237378144 501(c)(3) Employment

RANDOLPH, MA

Total Revenue
$6,209,238
Total Expenses
$6,111,092
Total Assets
$12,461,307
Net Assets
$5,794,642
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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
1973
Legal Domicile
MA
Principal Officer
MARGHERITA CYCAN
Phone
7819616700
Tax Period
2024-07-01 to 2025-06-30

GROW ASSOCIATES INC, founded in 1973, is a community nonprofit in the Employment sector that reported $6.2M in total revenue in fiscal year 2024.

Mission

ILLUMINATING PATHWAYS TO INDEPENDENCE FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $70,337
Program Service Revenue $5,920,821
Investment Income $93,269
Other Revenue $124,811
TOTAL REVENUE $6,209,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,202,255
Fundraising Expenses $75,260
Program Expenses $5,251,057
Other Expenses $1,908,837
TOTAL EXPENSES $6,111,092

Year-over-Year Comparison

2024 2023 Change
Revenue $6,209,238 $5,759,083 +0.1%
Expenses $6,111,092 $5,677,169 +0.1%
Net Income $98,146 $81,914 +0.2%
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
5
Independent Members
5
Employees
70
Volunteers
1

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
5
$252,505
Total Directors
6
$125,405
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET SCHOLL PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY WILLIAMS SECRETARY 2.00
Officer Director
$0 $0 $0
CHERYL ADAMS TREASURER 2.00
Officer Director
$0 $0 $0
PETER WASZKIEWICZ MEMBER 2.00
Director
$0 $0 $0
JAMMES HORNER BOARD MEMBER 2.00
Director
$0 $0 $0
MARGHERITA CYCAN DIRECTOR OF FINANCE AND BU 40.00
Officer Director
$125,405 $0 $125,405
SARAH PALIN EXECUTIVE DIRECTOR 40.00
Officer
$127,100 $0 $127,100
BRIAN JADRO DIRECTOR OF OPERATIONS 40.00
Highest
$135,484 $0 $135,484
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 $6,209,238 $6,111,092 $12,461,307 $98,146
2024 $5,759,083 $5,677,169 $12,690,156 $81,914
2023 $5,195,953 $4,850,162 $12,158,603 $345,791
2022 $4,151,942 $4,448,951 $11,859,296 $-297,009
2021 $4,675,470 $3,278,117 $5,880,414 $1,397,353
2020 $5,292,822 $4,407,127 $4,563,511 $885,695
2019 $5,026,674 $4,286,614 $3,656,117 $740,060
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