RIZE MASSACHUSETTS FOUNDATION INC

EIN: 830989395 501(c)(3) Education

BOSTON, MA

Total Revenue
$6,162,957
Total Expenses
$6,283,459
Total Assets
$7,639,473
Net Assets
$6,204,418
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MA
Principal Officer
JULIE BURNS
Phone
8579911195
Tax Period
2024-01-01 to 2024-12-31

RIZE MASSACHUSETTS FOUNDATION INC, founded in 2018, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 323% from the prior year, signaling strong growth momentum.

Mission

RIZE MASSACHUSETTS (RIZE) IS THE ONLY PUBLIC-PRIVATE PARTNERSHIP SOLELY DEDICATED TO FUNDING SOLUTIONS TO END THE OVERDOSE CRISIS. RIZE'S GOAL IS TO ENSURE THAT PEOPLE SUFFERING FROM SUBSTANCE USE DISORDER HAVE ACCESS TO CARE AND EXPERIENCE BETTER QUALITY OF LIFE AND OVERALL HEALTH. GUIDED BY THOSE WITH LIVED EXPERIENCE AND UNAFRAID OF NEW IDEAS, RIZE IS BUILDING NETWORKS, CREATING PROGRAMMING, AND SUPPORTING COMMUNITY PARTNERS WHO ARE USING NOVEL APPROACHES TO PREVENTING OVERDOSE. RIZE SEEKS TO INCREASE VISIBILITY, EXPAND THE EVIDENCE BASE, AND INFORM POLICY SO THAT GOVERNMENT AND THE TREATMENT AND RECOVERY COMMUNITY CAN MORE CONFIDENTLY ELEVATE PROGRAMS WITH PROMISE. AT THE SAME TIME, RIZE IS AMPLIFYING THE VOICES OF ITS COMMUNITY PARTNERS TO BRING GREATER AWARENESS AND URGENCY TO THE DEVASTATING IMPACT OF THE OVERDOSE CRISIS. WE ENVISION A MASSACHUSETTS WITH ZERO STIGMA AND ZERO DEATHS.

Program Service Accomplishments

Program 1
Expenses: $5,712,969

MISSION PROGRAM THIS PROGRAM IS ALL ENCOMPASSING DELIVERING COMPREHENSIVE, COMPASSIONATE, AND SUSTAINABLE APPROACHES TO PREVENTION, HARM REDUCTION, TREATMENT, AND RECOVERY; DELIVERING DATA...

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MISSION PROGRAM THIS PROGRAM IS ALL ENCOMPASSING DELIVERING COMPREHENSIVE, COMPASSIONATE, AND SUSTAINABLE APPROACHES TO PREVENTION, HARM REDUCTION, TREATMENT, AND RECOVERY; DELIVERING DATA, COMMISSIONED RESEARCH, AND EVALUATION TO EXPAND THE EVIDENCE BASE AND INFORM POLICY AND DELIVERING EFFORTS TO REDUCE THE IMPACT OF OPIOID USE DISORDER (OUD) ON THE ECONOMY, FAMILIES, AND COMMUNITIES. MOSAIC OPIOID RECOVERY PARTNERSHIP, FUNDED BY THE MA DEPARTMENT OF PUBLIC HEALTH, BUREAU OF SUBSTANCE ADDICTION SERVICES AND POWERED BY RIZE, IS A UNIQUE PUBLIC-PRIVATE COLLABORATION DESIGNED TO FUND INITIATIVES THAT ARE ADDRESSING THE OPIOID OVERDOSE CRISIS IN COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERSERVED AND HAVE EXPERIENCED A HIGH RATE OF OPIOID-RELATED OVERDOSE DEATHS. THE FUNDING FOR MOSAIC COMES FROM THE MASSACHUSETTS OPIOID RECOVERY AND REMEDIATION FUND (ORRF), WHICH RESULTED FROM THE HISTORIC LEGAL EFFORT TO DEMAND JUSTICE FROM SEVERAL PRIVATE COMPANIES FOR THE HARMS CAUSED BY THE OPIOID EPIDEMIC. THIS IS ONE OF THE FIRST PUBLIC-PRIVATE PARTNERSHIPS OF THIS MAGNITUDE USING SETTLEMENT FUNDS FOR COMMUNITY-LED INITIATIVES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,009,760
Program Service Revenue $0
Investment Income $153,197
Other Revenue $0
TOTAL REVENUE $6,162,957

Expense Breakdown

Grants Paid $4,165,302
Salaries & Benefits $1,136,300
Fundraising Expenses $156,097
Program Expenses $5,712,969
Other Expenses $981,857
TOTAL EXPENSES $6,283,459

Year-over-Year Comparison

2024 2023 Change
Revenue $6,162,957 $1,456,351 +3.2%
Expenses $6,283,459 $3,921,667 +0.6%
Net Income $-120,502 $-2,465,316 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
10
Volunteers
13

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
$396,649
Total Directors
14
$396,649
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE BURNS PRESIDENT AND CEO 40.00
Officer Director
$345,224 $51,425 $396,649
STEVE POLLOCK CHAIR 1.00
Officer Director
$0 $0 $0
JOY ROSEN VICE-CHAIR AND CLERK 1.00
Officer Director
$0 $0 $0
STEVEN LIPINER TREASURER 1.00
Officer Director
$0 $0 $0
JOHN COOK DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CURRY DIRECTOR 1.00
Director
$0 $0 $0
TIM FOLEY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIE HAGER DIRECTOR 1.00
Director
$0 $0 $0
DORIS KRAEMER DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA MA DIRECTOR 1.00
Director
$0 $0 $0
CANDACE REDDY DIRECTOR 1.00
Director
$0 $0 $0
FRANK ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL TANG DIRECTOR 1.00
Director
$0 $0 $0
JACK CONNORS DIRECTOR (UNTIL 07/2024) 1.00
Director
$0 $0 $0
JENNIFER TRACEY CHIEF PROGRAM OFFICER 40.00
Highest
$115,510 $23,820 $139,330
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 $6,162,957 $6,283,459 $7,639,473 $-120,502
2023 $1,456,351 $3,921,667 $6,653,753 $-2,465,316
2022 $3,149,201 $3,944,511 $9,093,770 $-795,310
2021 $5,500,563 $3,116,818 $9,930,390 $2,383,745
2020 $2,508,703 $3,649,443 $7,433,247 $-1,140,740
2019 $11,245,181 $2,902,640 $8,510,128 $8,342,541
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