MASSACHUSETTS CORRECTIONAL EDUCATION ASSOCIATION INC

EIN: 261186659 501(c)(3)

WEST BOYLSTON, MA

Total Revenue
$6,405
Total Expenses
$7,176
Total Assets
$17,103
Net Assets
$17,103
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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
2008
Legal Domicile
MA
Principal Officer
LISA GOBI
Phone
5088541800
Tax Period
2018-01-01 to 2018-12-31

MASSACHUSETTS CORRECTIONAL EDUCATION ASSOCIATION INC, founded in 2008, is a micro nonprofit that reported $6K in total revenue in fiscal year 2018. Expenses of $7K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MASSACHUSETTS CORRECTIONAL EDUCATIONAL ASSOCIATION MISSION IS TO PREPARE CORRECTIONAL STUDENTS FOR A SUCCESSFUL REENTRY INTO SOCIETY BY EQUIPPING THEM WITH ACADEMIC, CAREER/TECHNICAL, AND PERSONAL/SOCIAL SKILLS.TO SUPPORT CORRECTIONAL EDUCATORS PROVIDING QUALITY EDUCATIONAL PROGRAMS WITH OPPORTUNITIES FOR LEADERSHIP, NETWORKING, PUBLICATION, PROFESSIONAL DEVELOPMENT, AND PERSONAL GROWTH. TO INCREASE COMMUNITY AWARENESS AND LEGISLATIVE SUPPORT FOR CORRECTIONAL EDUCATION THROUGH PUBLIC RELATIONS AND LEGISLATIVE ADVOCACY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $6,405
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,576
Other Expenses $7,176
TOTAL EXPENSES $7,176

Year-over-Year Comparison

2018 2017 Change
Revenue $6,405 $6,061 +0.1%
Expenses $7,176 $6,189 +0.2%
Net Income $-771 $-128 +5.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW CLARK PRESIDENT TREASURER & SECR 2.00
Officer 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
2018 $6,405 $7,176 $17,103 $-771
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