MASSACHUSETTS PROJECT 351 INC (EIN 454103159) - 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

2011

Legal Domicile

Principal Officer

CHARLIE ROSE

Phone

6173877100

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS PROJECT 351 INC, founded in 2011, is a small nonprofit in the Youth Development sector that reported $742K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 44% operating deficit.

Mission

EDUCATE YOUTH FROM 351 CITIES AND TOWN IN MASSACHUSETTS IN CONNECTION WITH THE DEVELOPMENT OF LEADERSHIP AND OTHER RELATED SKILLS, TO EDUCATE YOUTH ON EMERGING COMMUNITY SERVICE TRENDS, INNOVATIONS AND OPPORTUNITIES AT THE STATE AND FEDERAL LEVEL.

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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 $741,901

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $741,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,304

Fundraising Expenses $19,408

Program Expenses $869,244

Other Expenses $523,746

TOTAL EXPENSES $1,066,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$741,912	$760,421	0.0%
Expenses	$1,066,050	$973,158	+0.1%
Net Income	$-324,138	$-212,737	+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

$150,000

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN CASEY	TREASURER/EXEC DIRECTOR	40.00	Officer Director	$150,000	$0	$150,000
ALEXANDER RICHMAN	DIRECTOR	5.00	Director	$0	$0	$0
NOOR AL - SAAD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE ROSE	BOARD CHAIR	5.00	Director	$0	$0	$0
JOSH FLORENCE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ROUTH	DIRECTOR	5.00	Director	$0	$0	$0
DENISE RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
THADDEUS MILES	DIRECTOR	1.00	Director	$0	$0	$0
TOM O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN ALPHONSE-CHARLES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$741,912	$1,066,050	$124,148	$-324,138
2022	$760,421	$973,158	$355,599	$-212,737
2021	$873,616	$786,808	$540,390	$86,808
2020	$724,163	$784,829	$511,660	$-60,666
2019	$1,214,890	$738,857	$522,196	$476,033
2018	$533,428	$510,501	$41,091	$22,927

MASSACHUSETTS PROJECT 351 INC