Mccarthy Brothers Bond Inc

Nonprofit profile at a glance

EIN: 991673862
IRS 990-EZ coverage: 2023–2024
Forms available: Form 990-EZ 2024
Location: Greenfield, MA, USA
Phone: 4135227297
Rating: 59
Verdict: MIXED
Rating confidence: Moderate
Sector: Fund Raising and Fund Distribution

Official website

Reported finances

Revenue: $29,670
Expenses: $6,282
Assets: $31,045

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

Leadership & pay

2 people listed

People named in this filing

ANGELA J MCCARTHY (PRES/CLERK/D)
MICHAEL J MCCARTHY (VP/TREAS/DIR)

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

The organization's mission is to provide opportunites to siblings and families of individuals with complex health conditions and developmental disabilities by providing scholarships for charitable purposes to families in their local community and beyond. Also, to support families by assisting in the cost of medical equipment in order to enjoy activities away from home and assist with costs to encourage family experiences at places that have programs for those with special needs.

What it reported doing in 2024

Operating model

Revenue model: Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

Financial Efficiency: 35
Transparency & Controls: 82
Sustainability: 77
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 15.3%; rating input score 15
Program expense ratio: 69.1%; rating input score 69

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 78.8%; rating input score 97; 97th percentile among comparable filings
Total-asset coverage ratio: 4.94; rating input score 84; 84th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 45.6% per year; rating input score 100; 92nd percentile among comparable filings
Revenue growth: 94.5% per year; rating input score 100; 99th percentile among comparable filings
Asset growth: 120.9% per year; rating input score 100; 99th percentile among comparable filings

Details

Where the money goes: 15.3% of revenue deployed · 69.1% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $4K in reported program spending
Leadership: top reported pay $0 · 2 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 2 filing years from 2023 to 2024
Contacts: How to reach this organization
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 — Financial Efficiency: Mission deployment rate scored 15/100.
Review — Sustainability: Officer compensation ratio scored 56/100.