ZUnclassifiedEIN: 042254705

Massachusetts Higher Education Assistance Corporation

Boston, Massachusetts

A-Health Score
77A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 664 peers in Unclassified with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org9.61×
Peer Median0.87×
💰
$113.1M
Total Revenue
📊
$95.1M
Total Expenses
🏦
$914.0M
Net Assets
📋
$131.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+38.1%
Year-over-year change (2022 → 2023)
Net Margin
+15.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
9.61
Net assets divided by total expenses
Liabilities-to-Assets
12.6%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$113,123,00438%$95,095,16837%$1,045,185,47211%
2022$81,920,35634%$69,303,43413%$945,178,36413%
2021$124,087,29849%$79,908,99313%$1,090,709,67732%
2020$83,119,07735%$70,563,66018%$828,363,73710%
2019$127,223,0033%$85,562,8171%$751,861,84018%
2018$124,045,49716%$86,528,85035%$638,276,2589%
2017$147,686,75810%$133,793,6488%$586,643,44215%
2016$164,797,1107%$124,142,28910%$511,519,9129%
2015$176,374,51234%$138,603,81618%$471,225,1088%
2014$265,705,37314%$169,255,9639%$438,151,60117%
2013$233,562,3522%$184,982,4127%$375,475,42118%
2012$238,064,82420%$173,126,10239%$319,114,16836%
2011$198,105,750$124,185,429$235,276,009

Frequently Asked Questions

What does Massachusetts Higher Education Assistance Corporation do?

Massachusetts Higher Education Assistance Corporation is a unclassified nonprofit organization based in Massachusetts. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Massachusetts Higher Education Assistance Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Massachusetts Higher Education Assistance Corporation has a score of 77/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Massachusetts Higher Education Assistance Corporation generate?

Massachusetts Higher Education Assistance Corporation reports $153.6M in annual revenue and holds $1.1B in total assets, based on IRS filings.

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