HIGHER EDUCATION CONSORTIUM OF CENTRAL MASSACHUSETTS INC (EIN 464753685) - 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

2014

Legal Domicile

Principal Officer

JEANINE BELCASTRO WENT

Phone

5087559400

Tax Period

2022-07-01 to 2023-06-30

HIGHER EDUCATION CONSORTIUM OF CENTRAL MASSACHUSETTS INC, founded in 2014, is a small nonprofit in the Unknown sector that reported $207K in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE HIGHER EDUCATION CONSORTIUM OF CENTRAL MASSACHUSETTS (HECCMA) IS AN ASSOCIATION OF ACCREDITED COLLEGES AND UNIVERSITIES IN CENTRAL MASSACHUSETTS. HECCMA IS COMMITTED TO WORKING COLLABORATIVELY TO FURTHER THE MISSIONS OF MEMBER INSTITUTIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $165,850

Program Service Revenue $40,864

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,252

Fundraising Expenses $0

Program Expenses $22,881

Other Expenses $36,190

TOTAL EXPENSES $209,442

Year-over-Year Comparison

	2022	2021	Change
Revenue	$206,714	$176,950	+0.2%
Expenses	$209,442	$173,577	+0.2%
Net Income	$-2,728	$3,373	-1.8%

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

N/A

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

$126,525

Total Directors

$126,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE GORMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEIGH JONES	TREASURER	1.00	Officer Director	$0	$0	$0
ALASTAIR CRIBB	DIRECTOR	0.50	Director	$0	$0	$0
LUIS PEDRAJA	DIRECTOR	0.50	Director	$0	$0	$0
VINCENT ROUGEAU	DIRECTOR	0.50	Director	$0	$0	$0
GLENN SULMASY	DIRECTOR	0.50	Director	$0	$0	$0
JEANINE WENT	EXECUTIVE DIRECTOR	37.50	Officer Director	$98,306	$28,219	$126,525
MICHAEL COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
MARY LOU RETELLE	DIRECTOR	0.50	Director	$0	$0	$0
BARRY MALONEY	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD J LESSARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG WEINER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID FITHIAN	DIRECTOR	0.50	Director	$0	$0	$0
WINSTON SOBOYEJO	DIRECTOR	0.50	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	$206,714	$209,442	$155,921	$-2,728
2022	$176,950	$173,577	$158,649	$3,373
2021	$178,202	$168,089	$155,276	$10,113
2020	$210,443	$213,518	$145,163	$-3,075
2019	$213,706	$209,513	$148,238	$4,193
2018	$218,109	$214,158	$144,045	$3,951

HIGHER EDUCATION CONSORTIUM OF CENTRAL MASSACHUSETTS INC