Daniel James McCarthy Memorial Fund Inc

EIN: 770600310 501(c)(3) Unknown

Acton, MA

Total Revenue
$401,324
Total Expenses
$588,246
Total Assets
$619,103
Net Assets
$117,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MA
Phone
9782649754
Tax Period
2024-09-01 to 2025-08-31

Daniel James McCarthy Memorial Fund Inc, founded in 2003, is a small nonprofit in the Unknown sector that reported $401K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $588K exceeded revenue, resulting in a 47% operating deficit.

Mission

Provide young people with experiences to explore, create and discover their happiest, healthist, selves through inclusive community programmming, social-emotional experiences and supportive resources.

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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 (2024)

Revenue Breakdown

Contributions & Grants $376,626
Program Service Revenue $37,797
Investment Income $1,178
Other Revenue $-14,277
TOTAL REVENUE $401,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,346
Fundraising Expenses $85,620
Program Expenses $394,179
Other Expenses $327,900
TOTAL EXPENSES $588,246

Year-over-Year Comparison

2024 2023 Change
Revenue $401,324 $211,759 +0.9%
Expenses $588,246 $640,161 -0.1%
Net Income $-186,922 $-428,402 -0.6%
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

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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
6
Independent Members
6
Employees
7
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
2
$0
Total Directors
6
$0
Key Employees
1
$23,036
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathryn Gorczyca Executive Director 32.00
Key Emp
$23,036 $0 $23,036
Anne Halligan Director 5.00
Director
$0 $0 $0
Daniel Rossignol Director 5.00
Director
$0 $0 $0
Travis Minor Director 5.00
Director
$0 $0 $0
Nicole Regonini Director 5.00
Director
$0 $0 $0
Cynthia McCarthy President 10.00
Officer Director
$0 $0 $0
David Sirois Treasurer 10.00
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 $401,324 $588,246 $619,103 $-186,922
2024 $211,759 $640,161 $989,053 $-428,402
2023 $882,189 $328,650 $788,759 $553,539
2021 $107,872 $122,777 $128,746 $-14,905
2020 $107,744 $98,163 $143,651 $9,581
2019 $103,104 $102,963 $134,070 $141
2018 $93,107 $98,744 $133,929 $-5,637
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