THE MIDAS COLLABORATIVE INC (EIN 830485169) - 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

2007

Legal Domicile

Principal Officer

CAROLYN BRANDES

Phone

6175323916

Tax Period

2023-01-01 to 2023-12-31

THE MIDAS COLLABORATIVE INC, founded in 2007, is a small nonprofit in the Education sector that reported $478K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

THE MIDAS COLLABORATIVE WORKS TO ADVANCE THE FINANCIAL SECURITY OF LOW- AND MODERATE-INCOME RESIDENTS ACROSS MASSACHUSETTS IN COLLABORATION WITH ITS MEMBER ORGANIZATIONS AND PARTNERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $373,622

Program Service Revenue $94,865

Investment Income $96

Other Revenue $9,215

TOTAL REVENUE $477,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,938

Fundraising Expenses $4,916

Program Expenses $439,292

Other Expenses $186,560

TOTAL EXPENSES $515,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$477,798	$627,524	-0.2%
Expenses	$515,498	$449,796	+0.1%
Net Income	$-37,700	$177,728	-1.2%

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

$101,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY GOODMAN	EXECUTIVE DI	40.00	Officer	$94,021	$7,466	$101,487
JONA MARASHI	TREASURER	1.00	Officer	$0	$0	$0
ANTHONINA FENELON	SECRETARY	1.00	Officer	$0	$0	$0
NATASHA ELDRIDGE	CHAIR	1.00	Officer	$0	$0	$0
SARA GARRITY-GENTILE	DIRECTOR	1.00	Director	$0	$0	$0
SANDEE SIMSHAUSER	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE O'HARE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MELIKAN	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MCLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DAN MATLOFF	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TORRES	DIRECTOR	1.00	Director	$0	$0	$0
EMILIO DORCELY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ANDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
APRIL TATE	DIRECTOR	1.00	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	$477,798	$515,498	$1,177,038	$-37,700
2022	$627,524	$449,796	$1,003,033	$177,728
2020	$223,429	$174,591	$667,319	$48,838
2019	$175,720	$184,417	$970,656	$-8,697
2018	$234,534	$234,155	$1,356,435	$379

THE MIDAS COLLABORATIVE INC