MASSPACE INC

EIN: 823298161 Mutual Benefit

BOSTON, MA

Total Revenue
$427,660
Total Expenses
$473,991
Total Assets
$83,914
Net Assets
$83,914
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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
MA
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 PROMOTE THE PROVISION AND EXPANSION OF COMPREHENSIVE HEALTH CARE SERVICES TO OLDER ADULTS AND OTHER PERSONS, INCLUDING THOSE ELIGIBLE FOR NURSING HOMES.

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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 (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

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Governance

Voting Members
8
Independent Members
8
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
4
$159,181
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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