MASSCHALLENGE INC

EIN: 270382989 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$10,286,561
Total Expenses
$11,179,155
Total Assets
$8,735,400
Net Assets
$6,214,473
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
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

THE MISSION OF MASSCHALLENGE IS TO HELP ENTREPRENEURS LAUNCH AND GROW SUCCESSFUL ENTERPRISES. WE DO IT THROUGH SPONSORING A $1M STARTUP COMPETITION TO CATALYSE BUSINESS AND JOB CREATION IN MASSACHUSETTS AND RUNNING A 4 MONTH ACCELERATOR PROGRAM TO CONNECT ENTREPRENEURS WITH THE RESOURCES NEEDED TO GROW THEIR ENTERPRISES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
64
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
2
$533,607
Total Directors
11
$0
Key Employees
4
$912,913
Highest Compensated
5
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
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MASSCHALLENGE INC with other nonprofits in Massachusetts and across the country.