Massachusetts Corrections Officers Federated Union
Massachusetts Corrections Officers Federated Union: Stable Finances, High Liabilities
EIN: 223030391 · Milford, MA · NTEE: N52Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $3.4M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $4.1M |
| Transparency Score | 75/100 |
Is Massachusetts Corrections Officers Federated Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massachusetts Corrections Officers Federated Union directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Massachusetts Corrections Officers Federated Union
Massachusetts Corrections Officers Federated Union (EIN: 223030391) is a nonprofit organization based in Milford, MA, classified under NTEE code N52Z. The organization reported total revenue of $5.5M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Corrections Officers Federated Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massachusetts Corrections Officers Federated Union is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-526,112 |
| Total Assets | $5.3M |
| Total Liabilities | $1.1M |
| Net Assets | $4.1M |
| Operating Margin | -18.3% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, Massachusetts Corrections Officers Federated Union reported a deficit of $526K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Massachusetts Corrections Officers Federated Union's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +8.9% | +4.7% |
| 2022 | -0.5% | -2.4% | -10.3% |
| 2021 | +1.9% | +16.7% | +2.3% |
| 2020 | +4.0% | -9.4% | +7.0% |
| 2019 | +-0.0% | +6.6% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Massachusetts Corrections Officers Federated Union with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Massachusetts Corrections Officers Federated Union allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $526K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual and suggests potential reporting discrepancies or alternative compensation structures not disclosed.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Massachusetts Corrections Officers Federated Union's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation across multiple years raises questions about how leadership is compensated.
- Significant and increasing liabilities, reaching over $1.1 million in 2023, without clear explanation in available data.
- The 'x' value (expenses) frequently exceeds 'r' (revenue) in several years, suggesting reliance on reserves or other income sources not fully detailed.
Strengths
The following positive indicators were identified for Massachusetts Corrections Officers Federated Union:
- Stable revenue generation over several years, consistently around $3 million.
- Healthy asset base, consistently above $5 million, providing a buffer for operations.
- The organization maintains a consistent presence and operational scale, as indicated by stable revenue and asset figures.
Frequently Asked Questions about Massachusetts Corrections Officers Federated Union
Is Massachusetts Corrections Officers Federated Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Corrections Officers Federated Union (EIN: 223030391) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Massachusetts Corrections Officers Federated Union spend its money?
Massachusetts Corrections Officers Federated Union directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Massachusetts Corrections Officers Federated Union tax-deductible?
Massachusetts Corrections Officers Federated Union is registered as a tax-exempt nonprofit (EIN: 223030391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Massachusetts Corrections Officers Federated Union CEO make?
Massachusetts Corrections Officers Federated Union's highest-compensated officer earns $0 annually. The organization reported $5.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Massachusetts Corrections Officers Federated Union's spending goes to programs?
Massachusetts Corrections Officers Federated Union directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Massachusetts Corrections Officers Federated Union compare to similar nonprofits?
With a transparency score of 75/100 (Good), Massachusetts Corrections Officers Federated Union is above average for NTEE category N52Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Massachusetts Corrections Officers Federated Union located?
Massachusetts Corrections Officers Federated Union is headquartered in Milford, Massachusetts and files with the IRS under EIN 223030391. It is classified under NTEE code N52Z.
How many years of IRS 990 filings does Massachusetts Corrections Officers Federated Union have?
Massachusetts Corrections Officers Federated Union has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.5M in total revenue.
What does Massachusetts Corrections Officers Federated Union do?
Massachusetts Corrections Officers Federated Union is a nonprofit organization in the Recreation & Sports sector, located in Milford, Massachusetts. It is classified under NTEE code N52Z.
How much revenue does Massachusetts Corrections Officers Federated Union have?
Massachusetts Corrections Officers Federated Union reported total revenue of $5,502,540. Based on 14 IRS 990 filings on record.
What are Massachusetts Corrections Officers Federated Union's total assets?
Massachusetts Corrections Officers Federated Union holds total assets of $5,015,342 as reported in IRS 990 filings.
Where is Massachusetts Corrections Officers Federated Union located?
Massachusetts Corrections Officers Federated Union is based in Milford, Massachusetts.
What is Massachusetts Corrections Officers Federated Union's EIN?
Massachusetts Corrections Officers Federated Union's Employer Identification Number (EIN) is 223030391. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Corrections Officers Federated Union?
Massachusetts Corrections Officers Federated Union is classified under NTEE code N52Z (Recreation & Sports).
Is Massachusetts Corrections Officers Federated Union a registered 501(c)(3)?
Yes, Massachusetts Corrections Officers Federated Union is recognized as a tax-exempt organization by the IRS. EIN: 223030391.
Does Massachusetts Corrections Officers Federated Union file IRS Form 990?
Yes, Massachusetts Corrections Officers Federated Union has 14 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Massachusetts Corrections Officers Federated Union's revenue in 2023?
In the 202309 filing period, Massachusetts Corrections Officers Federated Union reported total revenue of $2,873,971, total expenses of $3,400,083, and net assets of $5,252,449.
Is Massachusetts Corrections Officers Federated Union's revenue growing or declining?
Massachusetts Corrections Officers Federated Union's revenue is declining. Revenue went from $3,161,226 (202209) to $2,873,971 (202309), a -9.1% change. Based on 14 filings on record.
What is Massachusetts Corrections Officers Federated Union's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Corrections Officers Federated Union covers tax period 202309. It shows revenue of $2,873,971, expenses of $3,400,083, total assets of $5,252,449, and liabilities of $1,112,165.
How much does Massachusetts Corrections Officers Federated Union spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Corrections Officers Federated Union allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Massachusetts Corrections Officers Federated Union a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Corrections Officers Federated Union appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Massachusetts Corrections Officers Federated Union?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation across multiple years raises questions about how leadership is compensated.. Significant and increasing liabilities, reaching over $1.1 million in 2023, without clear explanation in available data.. The 'x' value (expenses) frequently exceeds 'r' (revenue) in several years, suggesting reliance on reserves or other income sources not fully detailed.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Massachusetts Corrections Officers Federated Union's strengths?
Positive indicators for Massachusetts Corrections Officers Federated Union include: Stable revenue generation over several years, consistently around $3 million.. Healthy asset base, consistently above $5 million, providing a buffer for operations.. The organization maintains a consistent presence and operational scale, as indicated by stable revenue and asset figures.. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Corrections Officers Federated Union compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual and suggests potential reporting discrepancies or alternative compensation structures not disclosed. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization attract and retain leadership, and what are the actual costs associated with their governance?
The consistent $0 executive compensation reported in filings suggests either a volunteer-led structure, or that compensation is being reported under different line items, or through related entities not immediately apparent in the provided data. This warrants deeper inquiry into their operational model and financial reporting practices.
What is the nature of the increasing liabilities, which reached over $1.1 million in 2023, and what is the organization's strategy for managing or reducing this debt?
The data does not specify the nature of these liabilities (e.g., loans, deferred revenue, payables). Understanding the composition and purpose of these liabilities is crucial for assessing the organization's financial health and future stability. Without this detail, it's difficult to assess the risk.
Filing History
IRS 990 filing history for Massachusetts Corrections Officers Federated Union showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Massachusetts Corrections Officers Federated Union's revenue has grown by 10.8%, moving from $2.6M to $2.9M. Total assets increased by 66.9% over the same period, from $3.1M to $5.3M. Total functional expenses rose by 34%, from $2.5M to $3.4M. In its most recent filing year (2023), Massachusetts Corrections Officers Federated Union reported a deficit of $526K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $5.3M in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.4M | $5.3M | $1.1M | — | View 990 |
| 2022 | $3.2M | $3.1M | $5.0M | $605K | — | View 990 |
| 2021 | $3.2M | $3.2M | $5.6M | $658K | — | — |
| 2020 | $3.1M | $2.7M | $5.5M | $681K | — | — |
| 2019 | $3.0M | $3.0M | $5.1M | $830K | — | View 990 |
| 2018 | $3.0M | $2.8M | $5.1M | $711K | — | View 990 |
| 2017 | $3.1M | $3.1M | $5.3M | $1.1M | — | View 990 |
| 2016 | $3.2M | $3.0M | $5.6M | $1.5M | — | View 990 |
| 2015 | $3.2M | $2.8M | $4.6M | $771K | — | View 990 |
| 2014 | $3.1M | $2.5M | $4.4M | $837K | — | View 990 |
| 2013 | $2.7M | $2.1M | $3.8M | $786K | — | View 990 |
| 2012 | $2.6M | $2.3M | $3.3M | $927K | — | View 990 |
| 2011 | $2.5M | $2.3M | $3.3M | $1.1M | — | View 990 |
| 2010 | $2.6M | $2.5M | $3.1M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.4M, and assets of $5.3M (revenue -9.1% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.1M, and assets of $5.0M (revenue -0.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.2M, and assets of $5.6M (revenue +1.9% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.7M, and assets of $5.5M (revenue +4.0% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $5.1M (revenue +-0.0% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.8M, and assets of $5.1M (revenue -2.8% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.1M, and assets of $5.3M (revenue -4.3% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.0M, and assets of $5.6M (revenue +2.1% year-over-year).
- 2015: Revenue of $3.2M, expenses of $2.8M, and assets of $4.6M (revenue +2.1% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.5M, and assets of $4.4M (revenue +14.0% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.1M, and assets of $3.8M (revenue +5.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.3M, and assets of $3.3M (revenue +4.0% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.3M, and assets of $3.3M (revenue -4.6% year-over-year).
- 2010: Revenue of $2.6M, expenses of $2.5M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massachusetts Corrections Officers Federated Union:
Data Sources and Methodology
This transparency report for Massachusetts Corrections Officers Federated Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.