Massachusetts State Employees

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

14 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Credit union - thrift services

Maintenance of member shares and deposits and the investment of said funds at favorable interest rates. Number of accounts 22,079.

Revenue model: Earned-program. 62% of the money available for current operations came from fees and other program 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- 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: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -10.1%; rating input score 12; 12th percentile among comparable filings
Total-asset coverage ratio: 13.95; rating input score 94; 94th percentile among comparable filings
Liabilities to assets ratio: 0.92; rating input score 10; 10th percentile among comparable filings
Officer compensation ratio: 11.3%; rating input score 17; 17th percentile among comparable filings

Program expense growth: Limited
Revenue growth: -17.6% per year; rating input score 0; 8th percentile among comparable filings
Asset growth: -8.2% per year; rating input score 0; 15th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 10 board members independent · 6 of 9 filing controls reported
Programs: 2 filed program accomplishments · $372K in reported program spending
Leadership: top reported pay $164K · 14 people listed · 5 of 6 pay-setting controls reported
Highest-paid contractors: 3 contractors listed
Consistency: 29 of 29 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 2 filing years from 2010 to 2011
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.

Signals prioritize questions for review. They are not findings of misconduct.