The Sisters of Saint Ann Inc

Nonprofit profile at a glance

EIN
042002060
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Paxton, MA, USA
Phone
5088493300
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$51,264,937
Expenses
$55,631,793
Assets
$33,091,136
Liabilities
$23,919,615

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

Leadership & pay

24 people listed

Executive titles in this filing

  • MARY LOU RETELLE (PRESIDENT)

Highest reported compensation

  • MARY LOU RETELLE (PRESIDENT): $527,834 total reported compensation
  • MICHAEL G MIERS (EVP/CIO): $266,712 total reported compensation
  • HUGH DRUMMOND (VP OF EXTERNAL RELATIONS C): $253,477 total reported compensation

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

Overview

Mission

As a catholic institution inspired by the ideals of the sisters of saint anne, anna maria college educates students to become individuals who will transform their world as ethical leaders and community-oriented professionals.

What it reported doing in 2024

Higher education: education, housing, meals, extra curricular activities and bookstore for 1,202 students at the undergraduate and graduate levels for traditional aged students as well as adult students. The college holds two summer sessions, a fall term, winter term, and spring term. Some graduate courses are accelerated and have two terms within the semester. The college offers over 30 undergraduate degree programs and over 20 graduate and continuing education programs. Popular majors include nursing; rn-to-bsn program and a bachelor of science nursing program, ems, paramedic science, business, criminal justice, social work, and psychology. The college also offers special majors such as art therapy, sports management, and music therapy. Fifth-year master's options are available in business administration.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 83
  • Accountability: 97
  • Sustainability: 19
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.1%; rating input score 98
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: $8.97 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95%; rating input score 95; 47th 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: -8.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 98.1% of revenue deployed · 87.2% of spending went to programs
  • Governance: 19 of 20 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $48.5M in reported program spending
  • Leadership: top reported pay $528K · 24 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.5M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.