Massachusetts Society of Enrolled Agents
Nonprofit profile at a glance
- EIN
- 222793542
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ipswich, MA, USA
- Phone
- 6178756829
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $11,080
- Expenses
- $69,278
- Assets
- $4,467
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARC LACROIX EA (PRESIDENT/TREASURER/ASST CLERK)
- MARILYN BRODEUR EA (IMMEDIATE PAST PRESIDENT/CLERK)
- THOMAS FITZPATRICK IV EA CPA (1ST VICE PRESIDENT)
- TRACIE L DROUIN EA MST (2ND VICE PRESIDENT)
People named in this filing
- MARC LACROIX EA (PRESIDENT/TREASURER/ASST CLERK)
- MARILYN BRODEUR EA (IMMEDIATE PAST PRESIDENT/CLERK)
- THOMAS FITZPATRICK IV EA CPA (1ST VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhancing and advancing the profession of enrolled agents.
What it reported doing in 2024
Monthly meetings - education offered to assist enrolled agents to maintain continuing education credits required by IRS circular 230
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 13
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -525.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 16.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -3.8% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -10.9% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: -6.8% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.