Mental Health Association Inc
Nonprofit profile at a glance
- EIN
- 046197938
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Chicopee, MA, USA
- Phone
- 4137345376
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Homeless Centers
Reported finances
- Revenue
- $54,240,930
- Expenses
- $50,929,090
- Assets
- $47,182,572
- Liabilities
- $27,038,166
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- CHERYL FASANO (PRESIDENT & CEO)
- SARAH SMITH (VICE PRESIDENT OF FINANCE)
Highest reported compensation
- CHERYL FASANO (PRESIDENT & CEO): $272,784 total reported compensation
- SARAH SMITH (VICE PRESIDENT OF FINANCE): $191,823 total reported compensation
- SARA KYSER (VP OF NEW WAY SERVICES): $144,981 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 provide high quality, individualized and flexibile residential and support services that promote independence, community engagement and wellness for people impacted by mental illness, developmental disabilities, substance abuse, homelessness and other challenges.
What it reported doing in 2024
Programs to serve people impacted by mental illness, developmental disabilities, and other challenges at various sites throughout the community; homeless programs; emergency respite services; multi-disciplinary team services; residential support services; rep payee services; youth services; outpatient behavioral health services.
Operating model
- Revenue model
- Earned-program. 96% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.6%; rating input score 82
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: $2.92 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 6.1%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 12.2% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 81.6% of revenue deployed · 87.1% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $44.3M in reported program spending
- Leadership: top reported pay $273K · 19 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 24 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 — Financial Efficiency: Fundraising efficiency scored 10/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.