SHREWSBURY EDUCATION ASSOCIATION INC DBA SEA

EIN: 273973433

WORCESTER, MA

Total Revenue
$544,599
Total Expenses
$506,822
Total Assets
$304,189
Net Assets
$304,189
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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
1977
Legal Domicile
MA
Phone
5088295852
Tax Period
2023-07-01 to 2024-06-30

SHREWSBURY EDUCATION ASSOCIATION INC DBA SEA, founded in 1977, is a small nonprofit that reported $545K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $507K left a modest 7% surplus.

Mission

MTA/SEA IS AN ORGANIZATION COMMITTED TO ASSISTING MEMBERS TO ACCESSING THE BENEFITS AVAILABLE TO THEM IN MAKING DECISIONS REQUIRED OF THEM.

Program Service Accomplishments

Program 1
Expenses: $502,051

ASSISTANCE TO MEMBERS TO HELP THEM ASSESS THE BENEFITS AVAILABLE TO THEM IN MAKING DECISIONS REQUIRED OF THEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $530,246
Program Service Revenue $0
Investment Income $78
Other Revenue $14,275
TOTAL REVENUE $544,599

Expense Breakdown

Grants Paid $500
Salaries & Benefits $53,775
Fundraising Expenses $0
Program Expenses $502,051
Other Expenses $452,547
TOTAL EXPENSES $506,822

Year-over-Year Comparison

2023 2022 Change
Revenue $544,599 $470,945 +0.2%
Expenses $506,822 $477,281 +0.1%
Net Income $37,777 $-6,336 -7.0%
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
542
Independent Members
N/A
Employees
11
Volunteers
N/A

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
7
$44,325
Total Directors
7
$44,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY FINNERAN President 0.00
Officer Director
$11,597 $0 $11,597
PAULA TOTI Vice President 0.00
Officer Director
$6,397 $0 $6,397
LYNN DOHERTY Vice President 0.00
Officer Director
$6,397 $0 $6,397
STEPHANIE HALACY Vice President 0.00
Officer Director
$6,397 $0 $6,397
ANNA LAVALLEE Vice President 0.00
Officer Director
$6,397 $0 $6,397
HEATHER PENFIELD Treasurer 0.00
Officer Director
$3,700 $0 $3,700
COLLEEN CALLAHAN Secretary 0.00
Officer Director
$3,440 $0 $3,440
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 No data No data No data No data
2024 $544,599 $506,822 $304,189 $37,777
2023 $470,945 $477,281 $268,797 $-6,336
2022 $489,250 $483,838 $272,748 $5,412
2021 $465,045 $442,467 $300,880 $22,578
2020 $470,860 $431,523 $280,252 $39,337
2019 $461,169 $437,745 $238,425 $23,424
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