MINDS MATTER OF BOSTON INC (EIN 510494632) - 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

2003

Legal Domicile

Principal Officer

GREGORY CHERY

Phone

6173483712

Tax Period

2024-07-01 to 2025-06-30

MINDS MATTER OF BOSTON INC, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

MINDS MATTER CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION, AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.

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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 $1,315,738

Program Service Revenue $0

Investment Income $29,137

Other Revenue $0

TOTAL REVENUE $1,344,875

Expense Breakdown

Grants Paid $179,048

Salaries & Benefits $1,071,959

Fundraising Expenses $223,587

Program Expenses $1,340,344

Other Expenses $505,971

TOTAL EXPENSES $1,756,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,344,875	$1,532,128	-0.1%
Expenses	$1,756,978	$1,555,111	+0.1%
Net Income	$-412,103	$-22,983	+16.9%

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

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

$170,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ALVAREZ	CHAIR	2.50	Officer Director	$0	$0	$0
MICHAEL PUGATCH	TREASURER	2.50	Officer Director	$0	$0	$0
MELISSA YOUNGER	SECRETARY	2.50	Officer Director	$0	$0	$0
MEAGHAN MAHONEY	DIRECTOR	2.50	Director	$0	$0	$0
ANGELA JOHNSON	DIRECTOR	2.50	Director	$0	$0	$0
BETHANY ROSSI	DIRECTOR	2.50	Director	$0	$0	$0
AVERY ZUCK	DIRECTOR	2.50	Director	$0	$0	$0
TRINH LE	DIRECTOR	2.50	Director	$0	$0	$0
MAURICIO SANCHEZ	DIRECTOR	2.50	Director	$0	$0	$0
JOSHUA GRIFFIN	DIRECTOR	2.50	Director	$0	$0	$0
JESS LEE	DIRECTOR	2.50	Director	$0	$0	$0
STEPHEN YIH	DIRECTOR	2.50	Director	$0	$0	$0
JALLICIA JOLLY	DIRECTOR	2.50	Director	$0	$0	$0
BRENDAN SMITH	DIRECTOR	2.50	Director	$0	$0	$0
GREGORY CHERY	EXECUTIVE DIRECTOR	40.00	Officer	$143,980	$26,333	$170,313
LINDSEY ALVES	SENIOR DIR OF PROGRAMS	40.00	Highest	$106,274	$24,610	$130,884
MEREDITH TRAQUINA	DIR OF DEVELOPMENT	40.00	Highest	$143,097	$19,511	$162,608

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	$1,344,875	$1,756,978	$2,589,082	$-412,103
2024	$1,532,128	$1,555,111	$2,890,402	$-22,983
2023	$1,932,467	$1,217,973	$2,864,397	$714,494
2022	$1,424,440	$838,307	$2,265,291	$586,133
2021	$983,997	$563,824	$1,673,703	$420,173
2020	$630,879	$425,792	$1,224,574	$205,087
2019	$713,443	$468,102	$940,573	$245,341
2018	$557,070	$361,126	$660,740	$195,944

MINDS MATTER OF BOSTON INC