MASSPACE INC

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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

2017

Legal Domicile

Principal Officer

GRETCHEN REYNARD

Phone

6174262225

Tax Period

2025-01-01 to 2025-12-31

MASSPACE INC, founded in 2017, is a small nonprofit in the Mutual Benefit sector that reported $428K in total revenue in fiscal year 2025. Expenses of $474K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE, THROUGH ADVOCACY, EDUCATION, AND POLICY RESEARCH, LEARDERSHIP AND SUPPORT FOR GROWTH, ACCESS, QUALITY AND SUCCESS OF THE PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY (PACE) IN THE COMMONWEALTH OF MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $477,009

PROVIDE, THROUGH ADVOCACY, EDUCATION, AND POLICY RESEARCH, LEARDERSHIP AND SUPPORT FOR GROWTH, ACCESS, QUALITY AND SUCCESS OF THE PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY (PACE) IN THE...

PROVIDE, THROUGH ADVOCACY, EDUCATION, AND POLICY RESEARCH, LEARDERSHIP AND SUPPORT FOR GROWTH, ACCESS, QUALITY AND SUCCESS OF THE PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY (PACE) IN THE COMMONWEALTH OF MASSACHUSETTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $427,660

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $427,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,009

Other Expenses $473,991

TOTAL EXPENSES $473,991

Year-over-Year Comparison

	2025	2024	Change
Revenue	$427,660	$424,515	+0.0%
Expenses	$473,991	$429,366	+0.1%
Net Income	$-46,331	$-4,851	+8.6%

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

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

$159,181

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARITA BLANTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRETCHEN REYNARD	CLERK	1.00	Officer Director	$0	$0	$0
DOUGLAS THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
ERNANI DEARAUJO	DIRECTOR	1.00	Director	$0	$0	$0
DAWN SYMCZYK	DIRECTOR	1.00	Director	$0	$0	$0
JED GEYERHAHN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE BOSTEK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ROACH	DIRECTOR	1.00	Director	$0	$0	$0
CALAY IP TERM 41425	FORMER DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LECLAIRE TERM 103125	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MAYNARD	EXEC. DIRECTOR	35.00	Officer	$159,181	$0	$159,181

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	$427,660	$473,991	$83,914	$-46,331
2024	$424,515	$429,366	$156,118	$-4,851
2023	$381,258	$278,110	$124,036	$103,148
2022	$352,997	$373,040	$90,131	$-20,043
2021	$302,118	$249,215	$110,174	$52,903
2020	$282,414	$310,258	$57,271	$-27,844