Mystic Valley Aging Services

Overview

Mission

Our mission is to support the right of older adults and adults with disabilities to live independently with dignity in a setting of their choice by providing them and their caregivers with information, advice and access to quality services and resources. Our core values: Empowering people by providing quality choices. Celebrating 50 years of helping older adults to live independently and with dignity, Mystic Valley Elder Services is a non-profit agency located in Malden, Mass., that provides essential home- and community-based care and resources to older adults, people with disabilities, and caregivers who reside in Chelsea, Everett, Malden, Medford, Melrose, North Reading, Reading, Revere, Stoneham, Wakefield and Winthrop, regardless of their income level. Agency services include but are not limited to: coordination of home care services, transportation, Meals on Wheels, and...

Operating model

Revenue model

Grant-funded. 81% of the money available for current operations came from government grants.

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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

• Financial Efficiency: 96
• Transparency & Controls: 84
• Accountability: 100
• Sustainability: 32
• Growth: 100

Detailed rating inputs

Details

• What they do: 7 programs and campaigns described on the official site · 1 operating location identified
• Where the money goes: 95.9% of revenue deployed · 96.7% of spending went to programs
• Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
• Programs: 4 filed program accomplishments · $128.2M in reported program spending
• Leadership: top reported pay $296K · 32 people listed · 4 of 6 pay-setting controls reported
• Highest-paid contractors: 5 contractors listed · $10.3M reported
• Consistency: 37 of 39 current checks pass · 2 findings to review
• Schedules: 8 filed schedules · includes major donors, grants, and executive pay
• Filing history: 12 filing years from 2013 to 2024
• Contacts: How to reach this organization
• Money network: 22 filed money-flow records
• Related organizations: 10 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.

• Moderate — Sustainability: Operating margin scored 37/100.
• High — Sustainability: Total-asset coverage ratio scored 13/100.
• High — Sustainability: Liabilities to assets ratio scored 28/100.
• Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
• Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.