BOSTON GRADUATE SCHOOL OF PSYCHOAN… - 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

1973

Legal Domicile

Principal Officer

CAROL PANETTA

Phone

6172770021

Tax Period

2024-08-01 to 2025-07-31

BOSTON GRADUATE SCHOOL OF PSYCHOANALYSIS INC, founded in 1973, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

BGSP IS COMMITTED TO ADDRESSING THE MOST DIFFICULT MENTAL HEALTH CHALLENGES. UNIQUELY, THE SCHOOL TRAINS ITS GRADUATE STUDENTS TO USE DEEPLY EFFECTIVE THERAPEUTIC TECHNIQUES, ENABLING THEM TO WORK WITH A WIDE RANGE OF MENTAL HEALTH ISSUES IN THE COMMUNITY AND IN THEIR PRIVATE PRACTICES. THE THERAPY CENTER, AN INTEGRAL PART OF BGSP, OFFERS THERAPY TO PEOPLE OF ALL AGES, INCLUDING COUPLES AND FAMILIES, IN AN INCLUSIVE CLINICAL SETTING.

Program Service Accomplishments

Program 1

Expenses: $1,959,109 Revenue: $2,012,051

BGSP OFFERED GRADUATE EDUCATION TO 97 MASTER'S STUDENTS AND 85 DOCTORAL STUDENTS IN MENTAL HEALTH COUNSELING, PSYCHOANALYSIS, AND RELATED FIELDS. OF THESE STUDENTS, 79 PARTICIPATED IN COMMUNITY...

BGSP OFFERED GRADUATE EDUCATION TO 97 MASTER'S STUDENTS AND 85 DOCTORAL STUDENTS IN MENTAL HEALTH COUNSELING, PSYCHOANALYSIS, AND RELATED FIELDS. OF THESE STUDENTS, 79 PARTICIPATED IN COMMUNITY PROGRAMS OFFERING COUNSELING AND PSYCHOTHERAPY IN A RANGE OF COMMUNITY-BASED SETTINGS, INCLUDING BGSP'S THERAPY CENTER. THE THERAPY CENTER PROVIDED INCOME-SENSITIVE PSYCHOTHERAPY TO CLOSE TO 200 PATIENTS THIS FISCAL YEAR, INCLUDING PATIENTS USING TELEHEALTH.

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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 $207,069

Program Service Revenue $2,012,051

Investment Income $147,045

Other Revenue $0

TOTAL REVENUE $2,366,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,503,101

Fundraising Expenses $96,460

Program Expenses $1,959,109

Other Expenses $1,042,954

TOTAL EXPENSES $2,557,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,366,165	$2,700,974	-0.1%
Expenses	$2,557,452	$2,178,118	+0.2%
Net Income	$-191,287	$522,856	-1.4%

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

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

$179,729

Total Directors

$121,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL PANETTA	PRESIDENT	40.00	Officer Director	$121,554	$0	$121,554
MIMI CROWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKI SEMEL	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN LUCAS	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID FOGEL	TREASURER	2.00	Officer Director	$0	$0	$0
JOYCELIN FREDKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY KRETCHMER	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN BOTTAR	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH L SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
CARMELA CAPLAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS BIERBRIER	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT STOLZBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
KURT KRUGER	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE C SNYDER	PROVOST	20.00	Officer	$58,175	$0	$58,175

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	$2,366,165	$2,557,452	$4,682,087	$-191,287
2024	$2,700,974	$2,178,118	$4,842,385	$522,856
2023	$1,982,648	$1,874,488	$3,980,506	$108,160
2022	$2,365,728	$2,260,695	$3,976,371	$105,033
2021	$2,430,349	$1,863,798	$3,739,402	$566,551
2020	$1,644,459	$1,685,676	$3,197,714	$-41,217
2019	$1,922,987	$1,936,859	$2,898,670	$-13,872
2018	$1,607,112	$1,465,465	$2,929,325	$141,647

BOSTON GRADUATE SCHOOL OF PSYCHOANALYSIS INC