Meeting Street Massachusetts Inc

Nonprofit profile at a glance

EIN
042296947
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Dartmouth, MA, USA
Phone
5029963391
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$7,813,415
Expenses
$7,246,375
Assets
$8,328,622
Liabilities
$416,865

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

Leadership & pay

28 people listed

Executive titles in this filing

  • John M Kelly (President)

Highest reported compensation

  • John M Kelly (President): $865,967 total reported compensation
  • Denise Parent (Chief Business Officer): $395,187 total reported compensation
  • Nazik Fernandes (CHIEF FINANCIAL OFFICER): $192,450 total reported compensation

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

Overview

Mission

Meeting street Massachusetts, inc. Is an independent, community-based provider of educational and developmental services to children and young adults with and without special needs.

What it reported doing in 2024

Meeting street Massachusetts, inc. Serves children and young adults with a range of developmental needs through a network of programs critical to our families. Programs include: the schwartz school provides education and services on an individualized basis, tailoring services to the educational needs of each child. Our unique program is designed to serve students with special needs year round, providing them with a tailored curriculum including educational, therapeutic, and nursing services. Our early intervention program provide services for children birth to age three with developmental delays, disabilities, or who are at risk of having a developmental delay. We work with the whole family to ensure that each child is acquiring the skills he/she/they need to grow and learn. Our regional consultation program allows us to share our child development knowledge. We send our experts to train families, childcare providers, and other related professionals in matters involving children with complex medical care requirements.

Operating model

Revenue model
Earned-program. 82% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 69
  • Accountability: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.1%; rating input score 78
  • Program expense ratio: 84.8%; rating input score 85
  • Fundraising efficiency: $7.37 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 7.3%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.15; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 2.1% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: 78.1% of revenue deployed · 84.8% of spending went to programs
  • Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.1M in reported program spending
  • Leadership: top reported pay $866K · 28 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $237K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.