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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Massachusetts Bankers Association Inc.

Massachusetts Bankers Association Inc.

Fiscal year ending 2024. Filed on November 14, 2025.

200 State Street Suite 701
Boston, Massachusetts 02109

Massachusetts Bankers Association Inc. (EIN: 04-1589780) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Massachusetts Bankers Association Inc., a 501(c)(6) business league, reported compensation for 10 out of 20 total employees. Among the employees shown here, the average compensation is $317,541. The highest compensated employee at Massachusetts Bankers Association Inc. is Kathleen Murphy with fiscal year 2024 compensation of $982,626.

Revenue, expenses, and employee compensation

Revenue

$7,142,188

Expenses

$7,227,783

Employee compensation

$3,665,737
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kathleen Murphy
President and Chief Executive Officer and Director
$982,626
$811,926 No related comp$170,700
Tanya M Duncan
Executive Vice President, Revenue and Strategy
$404,518
$373,367 No related comp$31,151
Brad S Papalardo
Clerk/Svp Gov'T Affairs and General Counsel
$323,518
$287,175 No related comp$36,343
William Tsoules
Senior Vice President and Chief Financial Officer
$279,580
$245,692 No related comp$33,888
Benjamin Craigie
Senior Vice President, Professional Development Group
$258,218
$225,159 No related comp$33,059
Annie Coldstream
Vice President of Member Engagement and HR
$223,234
$194,288 No related comp$28,946
Meghan McCarthy
Vice President, Professional Development
$189,696
$171,074 No related comp$18,622
Nicole Almeida
Senior Vice President and Chief of Staff, Media Relations and Inquiries
$183,327
$172,799 No related comp$10,528
Lawrence Liuzzo
Vice President of Government Affairs and Industry Relations
$170,076
$154,124 No related comp$15,952
Chad Pook
Vice President of Administration Group INS Trust
$160,614
$151,856 No related comp$8,758

Benchmark Employee Compensation

Non-Employee Board Members

Anne Tangen
Treasurer and Director
Denis A Sheahan
Director
Elizabeth J Oliver
Director
Harold M Horvat
Director
James M Dunphy
Director
Jeffrey A Worth
Director
Kathleen C Marcum
Director (Ended 4/2024)
Kevin Kelly
Director
Kevin M Tierney Sr
Director (Ended 4/2024)
Lisa Murray
Director
Marianne Smith
Director
Martin F Connors
Vice Chair and Director

Contractors

Joyce & Joyce
Legal
$110,000
Marketing Solutions Financial
Financial
$108,520

Mission Statement

THE MASSACHUSETTS BANKERS ASSOCIATION WAS FOUNDED IN 1905 WITH A GUIDING PRINCIPLE TO PROMOTE BANKING WITHIN THE COMMONWEALTH. A KEY PART OF THAT MISSION IS TO PROVIDE OUR MEMBERS, THE PUBLIC AND MEDIA WITH UP-TO-DATE INFORMATION RELATING TO THE ASSOCIATION AND THE BANKING INDUSTRY. PLEASE EXPLORE OUR RESOURCES TO LEARN MORE ABOUT THE ASSOCIATION, USE OUR RESOURCES AND LEARN HOW YOU CAN HELP PROMOTE THIS CRITICAL INDUSTRY.OUR MISSION IS TO BE THE PREMIER PARTNER AND TRUSTED RESOURCE FOR OUR MEMBERS THROUGHOUT MASSACHUSETTS AND ACROSS NEW ENGLAND. WE WILL ACCOMPLISH OUR MISSION THROUGH A PROACTIVE FOCUS ON EXCEPTIONAL SOLUTIONS, ADVOCACY AND THOUGHT LEADERSHIP FOR THE BANKING INDUSTRY.MASSACHUSETTS BANKERS ASSOCIATION IS THE UNITED VOICE PROPELLING OUR MEMBERS' SUCCESS IN A DYNAMIC INDUSTRY AND RAPIDLY CHANGING WORLD.

Revisions to this organization profile

November 14, 2025:
2024 Massachusetts Bankers Association Inc. 990 filed
November 4, 2024:
2023 Massachusetts Bankers Association Inc. 990 filed
November 15, 2023:
Amended (originally filed November 8, 2023)2022 Massachusetts Bankers Association Inc. 990 filed

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