Mastery School of Independent Learning Inc

EIN: 463019527 501(c)(3) Education

Fall River, MA

Total Revenue
$249,767
Total Expenses
$241,457
Total Assets
$65,042
Net Assets
$53,457
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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
2013
Legal Domicile
MA
Principal Officer
Clifford Read
Tax Period
2023-07-01 to 2024-06-30

Mastery School of Independent Learning Inc, founded in 2013, is a small nonprofit in the Education sector that reported $250K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $241K left a modest 3% surplus.

Mission

Private elementary level school

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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 $30,993
Program Service Revenue $204,131
Investment Income $1,229
Other Revenue $13,414
TOTAL REVENUE $249,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,192
Fundraising Expenses $6,236
Program Expenses $209,238
Other Expenses $133,265
TOTAL EXPENSES $241,457

Year-over-Year Comparison

2023 2022 Change
Revenue $249,767 $278,253 -0.1%
Expenses $241,457 $246,950 0.0%
Net Income $8,310 $31,303 -0.7%
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
11
Independent Members
11
Employees
3
Volunteers
10

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
3
$0
Total Directors
11
$83,503
Key Employees
2
$83,503
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Renee Avilla Co-Facilitator 40.00
Director Key Emp Highest
$46,895 $0 $46,895
Mary J Harding Co-Facilitator 40.00
Director Key Emp Highest
$36,608 $0 $36,608
Paulina Richard Board Member 2.00
Director
$0 $0 $0
Susan Teixeira Board Member 1.00
Director
$0 $0 $0
Colleen Laliberte Board Member 1.00
Director
$0 $0 $0
Amanda Richard Board Member 1.00
Director
$0 $0 $0
Roger Dugal Board Member 1.00
Director
$0 $0 $0
Shelley Fortier Board Member 1.00
Director
$0 $0 $0
Clifford Read President 10.00
Officer Director
$0 $0 $0
Cecile Tessier Treasurer 10.00
Officer Director
$0 $0 $0
Mary Gen Clarke Secretary 2.00
Officer 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
2025 No data No data No data No data
2024 $249,767 $241,457 $65,042 $8,310
2023 $278,253 $246,950 $57,839 $31,303
2022 $276,487 $246,776 $43,176 $29,711
2021 $264,987 $259,120 $30,210 $5,867
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