Malden Overcoming Addiction Inc

Nonprofit profile at a glance

EIN
814472565
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Malden, MA, USA
Phone
7815266731
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment

Reported finances

Revenue
$725,762
Expenses
$664,807
Assets
$644,856
Liabilities
$315,108

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • PAUL HAMMERSLEY (PRESIDENT)
  • DANA BROWN (VICE PRESIDENT)

Highest reported compensation

  • PAUL HAMMERSLEY (PRESIDENT): $23,846 total reported compensation
  • LINDA COCHRAN (SECRETARY): $11,000 total reported compensation
  • PAUL BELL (BOARD MEMBER): $7,329 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Malden overcoming addiction, inc. Is a non-profit organization incorporated in Massachusetts. The organization is a recovery center. The core purpose of malden overcoming addiction, inc. Is to end the stigma of addiction by supporting people in recovery, providing them with access to services, and providing people who struggle with substance use disorder and their families with the information they need to make informed decisions about their lives.

What it reported doing in 2024

Started in 2013 by a group of community members committed to increasing awareness of the growing opioid crisis, moa provides a variety of support and recovery services including: moa recovery coaches -connect trained professionals with individuals seeking avenues to recovery from substance use disorders. Dom disario scholarship program - scholarship money is used to find an available bed for someone in recovery. Due to the current availability of resources, the scholarship is limited to malden residents only. Community events - host a variety of community events during the year.the bridge recovery center - think of moa as the stepping stone that leads you to the bridge. Here, you'll find a peer to peer network of support, a platform to connect with like-minded individuals, and a space to continue building a life filled with hope and possibility.

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 66
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $14.59 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 11th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.4%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 31.9% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 40.9% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 38.8% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 79.8% of revenue deployed · 87.2% of spending went to programs
  • Governance: 4 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $579K in reported program spending
  • Leadership: top reported pay $24K · 8 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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: Independent voting board scored 50/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 50/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.