ZERO DEBT MASSACHUSETTS 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

2019

Legal Domicile

Principal Officer

CLAUDIO MARTINEZ

Phone

6172400891

Tax Period

2023-01-01 to 2023-12-31

ZERO DEBT MASSACHUSETTS INC, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $400K in total revenue in fiscal year 2023. The organization ran a surplus of $236K, a strong 59% operating margin.

Mission

ZDM IS A GRASSROOTS ORGANIZATION DRIVEN BY THE VOICES AND LIVED EXPERIENCES OF STUDENTS, ALUMNI, AND FAMILIES IMPACTED BY THE NATIONAL STUDENT DEBT CRISIS. WE FOCUS OUR ORGANIZING EFFORTS IN THOSE COMMUNITIES MOST DISPROPORTIONATELY IMPACTED BY THE BURDEN OF STUDENT DEBT IN MASSACHUSETTS: LOW-INCOME AND COMMUNITIES OF COLOR. AS AN ORGANIZATION, WE CELEBRATE THE STRENGTH WE DERIVE FROM OUR DIVERSE BACKGROUNDS AND BRING THOSE PERSPECTIVES TO OUR ORGANIZING WORK EVERY SINGLE DAY.

Program Service Accomplishments

Program 1

Expenses: $34,940

ZDM ORGANIZES STUDENTS, PARENTS, AND COMMUNITY MEMBERS TO AMPLIFY THE VOICES AND LEADERSHIP OF THOSE MOST IMPACTED BY THE BURDEN OF STUDENT DEBT IN OUR CITIES AND STATE. WE ARE A NETWORK OF...

ZDM ORGANIZES STUDENTS, PARENTS, AND COMMUNITY MEMBERS TO AMPLIFY THE VOICES AND LEADERSHIP OF THOSE MOST IMPACTED BY THE BURDEN OF STUDENT DEBT IN OUR CITIES AND STATE. WE ARE A NETWORK OF INTER-GENERATIONAL ACTIVISTS AND ORGANIZATIONS FIGHTING FOR STUDENT BORROWERS' PROTECTIONS, REINVESTMENTS IN PUBLIC HIGHER EDUCATION AND A ZERO DEBT HIGHER EDUCATION FINANCE SYSTEM FREE FROM STUDENT DEBT.

Program 2

Expenses: $104,818

THE GREATER BOSTON NEWS BUREAU (GBNB) IS A START-UP NONPROFIT NEWS ORGANIZATION DEDICATED TO DELIVERING HIGH-QUALITY, IN-DEPTH JOURNALISM THAT ADDRESSES ISSUES IMPACTING GREATER BOSTON'S BLACK...

THE GREATER BOSTON NEWS BUREAU (GBNB) IS A START-UP NONPROFIT NEWS ORGANIZATION DEDICATED TO DELIVERING HIGH-QUALITY, IN-DEPTH JOURNALISM THAT ADDRESSES ISSUES IMPACTING GREATER BOSTON'S BLACK, LATINX, AND ASIAN AMERICAN COMMUNITIES. SINCE JOINING AJP'S LOCAL NEWS INCUBATOR, GBNB HAS REFINED ITS MISSION THROUGH EXTENSIVE RESEARCH AND COMMUNITY ENGAGEMENT, CONDUCTING LISTENING SESSIONS, ESTABLISHING PARTNERSHIPS WITH LOCAL MEDIA, AND EXPANDING ITS REACH THROUGH ACTIVE ENGAGEMENT WITH FOUNDATIONS AND INDIVIDUAL DONORS. GBNB HAS ALSO COMPLETED A COMPREHENSIVE SURVEY OF THE LOCAL MEDIA LANDSCAPE AND IS WORKING TO STRENGTHEN DEMOCRACY AND CIVIC ENGAGEMENT, EDUCATION, AND COMMUNITY DEVELOPMENT. ZERO DEBT MASSACHUSETTS, INC. ACTS AS A FISCAL SPONSOR ON BEHALF OF THE GBNB.

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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 $400,366

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,875

Fundraising Expenses $0

Program Expenses $139,758

Other Expenses $18,217

TOTAL EXPENSES $164,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,366	$421,116	0.0%
Expenses	$164,092	$294,596	-0.4%
Net Income	$236,274	$126,520	+0.9%

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

$140,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA SNOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLOS RIOS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY ROSE SALOMON	DIRECTOR	1.00	Director	$0	$0	$0
PETER BARROS	TREASURER	1.00	Officer Director	$0	$0	$0
EMY TAKINAMI	CLERK	1.00	Officer Director	$0	$0	$0
CISNELL BAEZ	VICE PREISDENT	1.00	Officer Director	$0	$0	$0
CLAUDIO MARTINEZ	EXECUTIVE DIRECTOR	40.00	Officer	$76,392	$7,820	$84,212
MELVIN MILLER	EDITOR IN CHIEF	40.00	Officer	$56,681	$0	$56,681

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
2023	$400,366	$164,092	$276,940	$236,274
2022	$421,116	$294,596	$39,167	$126,520
2021	$339,000	$355,957	$27,151	$-16,957
2020	$244,492	$335,166	$8,208	$-90,674