BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MIDAS COLLABORATIVE INC, founded in 2007, is a small nonprofit in the Education sector that reported $686K in total revenue in fiscal year 2025. The organization ran a surplus of $176K, a strong 26% operating margin.
TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH BUILDING VEHICLES.
MATCHED SAVINGS PROGRAM - UTILIZING A SYSTEMS CHANGE FRAMEWORK THAT INCLUDES INCREASING AND SUSTAINING MATCHED SAVINGS PROGRAMS, MIDAS SERVES AS THE FIDUCIARY FOR 600+ MSP BANK ACCOUNTS. THESE...
MATCHED SAVINGS PROGRAM - UTILIZING A SYSTEMS CHANGE FRAMEWORK THAT INCLUDES INCREASING AND SUSTAINING MATCHED SAVINGS PROGRAMS, MIDAS SERVES AS THE FIDUCIARY FOR 600+ MSP BANK ACCOUNTS. THESE ACCOUNTS ARE COMPONENTS OF LARGER ASSET-BUILDING PROGRAMS OFFERED BY COMMUNITY PARTNER ORGANIZATIONS. COMMUNITY PARTNER ORGANIZATIONS PRIMARILY CONSIST OF 501(C)(3) DESIGNATED NON-PROFITS SERVING LOW-TO-MODERATE INCOME POPULATIONS. THE COMMUNITY PARTNER ORGANIZATION RECRUITS THE PARTICIPANT COHORTS; INDIVIDUALS SET SAVINGS GOALS AND MAKE CONTRIBUTIONS WHILE RECEIVING FINANCIAL EDUCATION AND TRAINING FROM THE COMMUNITY PARTNER ORGANIZATIONS. WHEN SAVINGS GOALS ARE ACHIEVED, THEY ARE MATCHED AT VARIOUS RATES FROM 1:1 AND AS HIGH AS 4:1, ALLOWING PARTICIPANTS TO MAKE LIFE-CHANGING AND WEALTH-BUILDING INVESTMENTS IN A HOME, EDUCATION, OR SMALL BUSINESS. THE MIDAS COLLABORATIVE PROVIDES CRITICAL TECHNICAL ASSISTANCE, ADMINISTRATIVE SUPPORT, AND PROGRAM DESIGN SUPPORT TO OUR COMMUNITY PARTNER ORGANIZATIONS. THE MATCHED SAVINGS PROGRAM SUPPORTS LOW- TO MODERATE-INCOME COMMUNITIES IN BUILDING ASSETS, THEREBY ALLEVIATING THE EXISTING WEALTH GAP IN MASSACHUSETTS.
THE FINANCIAL EMPOWERMENT LEARNING INSTITUTE (FELI) - MIDAS, IN PARTNERSHIP WITH UNITED WAY, LEADS A STATEWIDE WORKFORCE DEVELOPMENT INITIATIVE THAT EQUIPS NONPROFIT PROFESSIONALS IN THE PERSONAL...
THE FINANCIAL EMPOWERMENT LEARNING INSTITUTE (FELI) - MIDAS, IN PARTNERSHIP WITH UNITED WAY, LEADS A STATEWIDE WORKFORCE DEVELOPMENT INITIATIVE THAT EQUIPS NONPROFIT PROFESSIONALS IN THE PERSONAL FINANCE SECTOR WITH THE SKILLS AND KNOWLEDGE NEEDED TO DELIVER HIGH-IMPACT FINANCIAL COACHING ACROSS MASSACHUSETTS. IN 2024, FELI LAUNCHED A PILOT TRAINING INITIATIVE TO PROFESSIONALIZE COMMUNITY-BASED COACHING, REDUCE COACH ATTRITION, AND IMPROVE OUTCOMES IN DISINVESTED COMMUNITIES. FOR THE FIRST TIME, FELI PARTNERED WITH THE ASSOCIATION FOR FINANCIAL COUNSELING & PLANNING EDUCATION (AFCPE) TO PROVIDE FOUNDATIONAL TRAINING FOR NEW OR PREVIOUSLY UNTRAINED NONPROFIT STAFF. THIS PROGRAM FEATURES A COHORT MODEL AND INCLUDES A PATHWAY TO CERTIFICATION FOR TENURED NONPROFIT STAFF. FELI HAS HELPED TO TRAIN OVER 650+ NONPROFIT PROFESSIONALS SINCE 2015, WITH 200+ ORGANIZATIONS REPRESENTED FROM ACROSS MASSACHUSETTS. FELI PARTICIPANTS HAVE AN 85% COMPLETION RATE, ALLOWING THEM TO BETTER SERVE COMMUNITIES WITH CULTURALLY RELEVANT FINANCIAL EDUCATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $685,566 | $636,124 | +0.1% |
| Expenses | $509,830 | $581,217 | -0.1% |
| Net Income | $175,736 | $54,907 | +2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROSE FRANCOIS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$130,389 | $8,466 | $138,855 |
| KAREN BURG | DIRECTOR OF FINANCE/OPERATIONS | 40.00 |
Officer
|
$42,987 | $298 | $43,285 |
| DAN MATLOFF | CHAIR (UNTIL 1/25) | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| EMILIO DORCELY | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEX MELIKAN | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONINA FENELON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL D ANDELMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RASHMI DYAL-CHAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD MANUEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIMI TURCHINETZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $685,566 | $509,830 | $1,058,389 | $175,736 |
| 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 |
Compare THE MIDAS COLLABORATIVE INC with other nonprofits in Massachusetts and across the country.