THE ACCOUNTABILITY BOARD INC

EIN: 883831974 501(c)(3) Public & Societal Benefit

WAKEFIELD, MA

Total Revenue
$8,682,533
Total Expenses
$915,443
Total Assets
$13,922,067
Net Assets
$13,908,687
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
JOSHUA BALK
Phone
7812460500
Tax Period
2023-01-01 to 2023-12-31

THE ACCOUNTABILITY BOARD INC, founded in 2022, is a community nonprofit in the Public & Societal Benefit sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 89% operating margin.

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO (A) TO ENGAGE WITH COMPANIES TO IMPROVE THEIR STANDARDS, PROGRESS AND DISCLOSURES REGARDING ENVIRONMENTAL, SOCIAL AND GOVERNANCE MATTERS, AND (B) UNDERTAKE SUCH OTHER ACTIVITIES WHICH ITS BOARD OF DIRECTORS MAY FROM TIME TO TIME APPROVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,322,003
Program Service Revenue $0
Investment Income $360,530
Other Revenue $0
TOTAL REVENUE $8,682,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $678,435
Fundraising Expenses $19,278
Program Expenses $571,131
Other Expenses $237,008
TOTAL EXPENSES $915,443

Year-over-Year Comparison

2023 2022 Change
Revenue $8,682,533 $5,850,030 +0.5%
Expenses $915,443 $160,563 +4.7%
Net Income $7,767,090 $5,689,467 +0.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$461,308
Total Directors
5
$461,308
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW PRESCOTT PRESIDENT, COO, SECR./TREAS. 40.00
Officer Director
$220,289 $34,696 $254,985
JOSHUA BALK CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$192,789 $13,534 $206,323
MATTHEW PENZER CHIEF LEGAL OFFICER 40.00
Highest
$148,885 $22,220 $171,105
ELIZABETH ERICKSON BOARD CHAIR 1.00
Director
$0 $0 $0
LESLIE SAMUELRICH BOARD MEMBER 1.00
Director
$0 $0 $0
SANDEEP SINGH BOARD MEMBER 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 $8,682,533 $915,443 $13,922,067 $7,767,090
2022 $5,850,030 $160,563 $5,589,417 $5,689,467
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