Massachusetts Society of Cpa's Inc
Nonprofit profile at a glance
- EIN
- 042055313
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6175564000
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,141,416
- Expenses
- $3,979,663
- Assets
- $5,647,083
- Liabilities
- $1,211,651
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- ZACHARY DONAH (PRES/CEO/SEC/TREAS)
- JULIA BOWKER-EKELUND (VICE PRESIDENT, LEARNING & DEVELOP.)
- ELIZABETH EMANUELSON (VICE PRESIDENT, COMMMUNICATIONS)
- AMY PITTER (FORMER PRES/CEO/SEC/TREAS)
Highest reported compensation
- ZACHARY DONAH (PRES/CEO/SEC/TREAS): $294,329 total reported compensation
- KARA KIERAN (COO): $227,760 total reported compensation
- JULIA BOWKER-EKELUND (VICE PRESIDENT, LEARNING & DEVELOP.): $217,949 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To protect, enhance, and promote the value of being a cpa in Massachusetts
What it reported doing in 2024
General membership & member engagement: the Massachusetts society of certified public accountants, inc. ("masscpas") is the leading professional association for more than 11,500 certified public accountants, accounting and finance professionals across Massachusetts. The society provides members with timely resources, a professional community and opportunities for growth through its website, bi-monthly magazine, e-newsletter and a variety of networking, learning and roundtable programs. In fy25, masscpas supported 18 communities with over 1,100 volunteers, facilitated peer-to-peer connections through mentor circles and regional groups and hosted a mix of virtual and in-person events to keep members informed on emerging issues and professional standards.
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 97
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 79.4%; rating input score 79; 21st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.7%; rating input score 95; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- 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: Pass
Sustainability
- Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 39%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.7% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $294K · 26 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $415K reported
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.