MASSCHALLENGE INC

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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

2009

Legal Domicile

Principal Officer

LISA MCLAUGHLIN

Phone

6178630845

Tax Period

2023-01-01 to 2023-12-31

MASSCHALLENGE INC, founded in 2009, is a mid-sized nonprofit in the Community Improvement sector that reported $10.3M in total revenue in fiscal year 2023.

Mission

TO CONNECT ENTREPRENEURS WITH THE RESOURCES THEY NEED TO LAUNCH AND SUCCEED IMMEDIATELY.THE PRIMARY ACTIVITIES INCLUDE RUNNING AN ANNUAL GLOBAL STARTUP COMPETITION, DOCUMENTING AND ORGANIZING KEY RESOURCES, AND ORGANIZING TRAINING AND NETWORKING EVENTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM DESIGNED TO HELP STARTUPS GROW.

Program Service Accomplishments

Program 1

Expenses: $6,050,859 Revenue: $407,732

RAN A GLOBAL STARTUP COMPETITION IN BOSTON, MA WITH 4000+ APPLICANTS FROM ACROSS THE US AND THE WORLD.SELECTED 400 COMPANIES TO ENTER A 4 MONTH ACCELERATOR PROGRAM.THE 400 COMPANIES IN THE...

RAN A GLOBAL STARTUP COMPETITION IN BOSTON, MA WITH 4000+ APPLICANTS FROM ACROSS THE US AND THE WORLD.SELECTED 400 COMPANIES TO ENTER A 4 MONTH ACCELERATOR PROGRAM.THE 400 COMPANIES IN THE ACCELERATOR PROGRAM RECEIVED FREE OFFICE SPACE, SEVERAL EDUCATIONAL AND NETWORKING EVENTS, ACCESS TO 400+ MENTORS, AND ACCESS TO MULTI MILLION IN-KIND SPONSORSHIPS FROM VARIOUS CORPORATE SPONSORS.

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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 $9,964,558

Program Service Revenue $319,775

Investment Income $2,228

Other Revenue $0

TOTAL REVENUE $10,286,561

Expense Breakdown

Grants Paid $613,500

Salaries & Benefits $6,633,131

Fundraising Expenses $2,680,100

Program Expenses $6,050,859

Other Expenses $3,897,524

TOTAL EXPENSES $11,179,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,286,561	$10,179,370	+0.0%
Expenses	$11,179,155	$11,098,508	+0.0%
Net Income	$-892,594	$-919,138	0.0%

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

500

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

$533,607

Total Directors

Key Employees

$912,913

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FIONA MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W HARTHORNE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FANNING	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS MCCREADY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM C COWAN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN VERONA JOYCE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHOEN	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH DISANZO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LANGER	DIRECTOR	1.00	Director	$0	$0	$0
IAN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN BRUMME	CEO/PRESIDENT	40.00	Officer	$311,975	$4,800	$316,775
LISA MCLAUGHLIN	TREASURER/CLERK/COO	40.00	Officer	$210,832	$6,000	$216,832
DAMON COX	HEAD OF NEXT PRACTICE & INCLUSIVE GROWTH	40.00	Key Emp	$211,428	$0	$211,428
JONATHAN NORDBY	HEAD OF COMMUNITY & ECOSYSTEM	40.00	Key Emp	$302,787	$5,275	$308,062
MARY HOPKINS	HEAD OF US ACCELERATION	40.00	Key Emp	$159,128	$4,371	$163,499
ERNESTO MARTINEZ	HEAD OF DEVELOPMENT & INNOVATION	40.00	Key Emp	$224,924	$5,000	$229,924
LAUREN MITCHELL	VP OF COMMUNITY	40.00	Highest	$138,233	$4,400	$142,633
ROBERT BITTING	CHIEF OF STAFF	40.00	Highest	$171,357	$4,475	$175,832
WILLIAM MAGRUDER	VP OF PARTNERSHIPS	40.00	Highest	$169,243	$4,450	$173,693
JAMES FOUNTAIN	HEAD OF TECHNOLOGY	40.00	Highest	$135,251	$4,120	$139,371
BRYETTA CALLOWAY	VP OF MARKETING & COMMUNICATION	40.00	Highest	$155,243	$0	$155,243

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
2024	No data	No data	No data	No data
2023	$10,286,561	$11,179,155	$8,735,400	$-892,594
2022	$10,179,370	$11,098,508	$9,785,870	$-919,138
2021	$12,993,021	$13,201,500	$11,733,602	$-208,479
2020	$14,091,804	$13,876,692	$6,419,562	$215,112
2019	$14,287,663	$15,769,581	$5,509,988	$-1,481,918
2018	$12,958,434	$14,178,427	$4,836,926	$-1,219,993