ZERO DEBT MASSACHUSETTS INC

EIN: 841728379 501(c)(3) Public & Societal Benefit

CANTON, MA

Total Revenue
$400,366
Total Expenses
$164,092
Total Assets
$276,940
Net Assets
$275,440
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
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

ZERO DEBT MASSACHUSETTS, INC. (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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
5
Employees
2
Volunteers
6

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
6
$140,893
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ZERO DEBT MASSACHUSETTS INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.