Fall River Educators Association
Legal name: Fall River Educators' Association Inc
Nonprofit profile at a glance
- EIN
- 237037161
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Fall River, MA, United States
- Phone
- (508) 679-4392
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $240,221
- Expenses
- $240,351
- Assets
- $477,264
- Liabilities
- $151,217
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- KEITH MICHON JR (PRESIDENT/DIRECTOR)
- COREY ANDERSON (VICE PRESIDENT)
- JUNIA LEITE (VICE PRESIDENT)
- LORYN SHEA (VICE PRESIDENT)
Highest reported compensation
- KEITH MICHON JR (PRESIDENT/DIRECTOR): $126,426 total reported compensation
- COREY ANDERSON (VICE PRESIDENT): $2,604 total reported compensation
- LORYN SHEA (VICE PRESIDENT): $2,604 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Fall River Educators Association is the professional teachers union for the Fall River, MA public schools. 1. **Fully funded public schools in every neighborhood.** We can’t work with what we don’t have. Greater funding in our district means modern, safer school buildings with smaller class sizes, better technology, and more social-emotional supports. It means competitive salaries that retain talented teachers. In short, it means better teaching and learning. To make all of this possible, we support funding the district above the net school spending requirement. We support the recommendations of the Foundation Budget Review Commission, which account for rising transportation and special education costs. We support the Fair Share Amendment, which will invest in public education and transportation.
What it reported doing in 2024
Bargaining and other union related services provided to fall river teachers
Operating model
- Revenue model
- Membership-supported. 86% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 100
- Accountability: 91
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.3%; rating input score 73
- Program expense ratio: 73.3%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 1.99; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 17.6%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 73.3% of revenue deployed · 73.3% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $126K · 7 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 22/100.