FEDERATION OF STATE MASSAGE THERAPY BOARDS (EIN 371515680) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

CAROLINE GUERIN

Phone

9136810380

Tax Period

2024-07-01 to 2025-06-30

FEDERATION OF STATE MASSAGE THERAPY BOARDS, founded in 2005, is a community nonprofit in the Diseases & Disorders sector that reported $6.5M in total revenue in fiscal year 2024. Expenses of $5.7M left a modest 12% surplus.

Mission

TO ENSURE THAT MASSAGE THERAPY IS PROVIDED TO THE PUBLIC SAFELY AND COMPETENTLY.

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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 $118,892

Program Service Revenue $5,354,534

Investment Income $837,052

Other Revenue $171,396

TOTAL REVENUE $6,481,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,118,707

Fundraising Expenses $0

Program Expenses $4,708,521

Other Expenses $3,565,303

TOTAL EXPENSES $5,684,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,481,874	$6,609,707	0.0%
Expenses	$5,684,010	$5,151,707	+0.1%
Net Income	$797,864	$1,458,000	-0.5%

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

100

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

$618,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE GUERIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT RUARK	VICE PRESIDENT (TERM START 10/5/24)	8.00	Officer Director	$0	$0	$0
ELISABETH BARNARD	TREASURER	8.00	Officer Director	$0	$0	$0
PAUL ANDREWS	DIRECTOR (TERM START 10/5/24)	5.00	Director	$0	$0	$0
NICOLE DAVIS	DIRECTOR (TERM START 10/5/24)	5.00	Director	$0	$0	$0
KAREN FRAZIER	DIRECTOR	5.00	Director	$0	$0	$0
FOAD ARAIINEJAD	DIRECTOR (TERM END 10/5/24)	5.00	Director	$0	$0	$0
VICTORIA DRAGO	DIRECTOR (TERM END 10/5/24)	5.00	Director	$0	$0	$0
CHIMERE FIGAIRE CORREA	DIRECTOR (10/5/24-4/24/25)	5.00	Director	$0	$0	$0
DEBRA PERSINGER	EXECUTIVE DIRECTOR	40.00	Officer	$498,945	$119,521	$618,466
ERIC BUSICK	MANAGING DIRECTOR	40.00	Highest	$150,688	$10,628	$161,316

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	$6,481,874	$5,684,010	$22,432,452	$797,864
2024	No data	No data	No data	No data
2023	$5,588,490	$4,775,802	$18,446,702	$812,688
2022	$5,854,656	$4,041,126	$16,762,422	$1,813,530
2021	$5,822,183	$3,574,639	$16,359,971	$2,247,544
2020	$4,122,947	$4,556,014	$13,974,238	$-433,067
2019	$5,929,716	$5,470,479	$14,025,766	$459,237
2018	$5,779,195	$5,182,957	$13,497,801	$596,238

FEDERATION OF STATE MASSAGE THERAPY BOARDS