WORCESTER COUNTY MECHANICS ASSOCIATION DBA MECHANICS HALL (EIN 041988955) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1842

Legal Domicile

Principal Officer

MEGHAN MONTANER

Phone

5087525608

Tax Period

2024-07-01 to 2025-06-30

WORCESTER COUNTY MECHANICS ASSOCIATION DBA MECHANICS HALL, founded in 1842, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Net assets of $10.6M represent 47 months of operating reserves.

Mission

WORCESTER COUNTY MECHANICS ASSOCIATION IS A NON-PROFIT ARTS AND CULTURE ORGANIZATION. OUR MISSION IS TO ENRICH THE CULTURAL, SOCIAL, AND ECONOMIC VITALITY OF THE COMMUNITY BY STEWARDING MECHANICS HALL, A HISTORIC LANDMARK AND WORLD-CLASS PERFORMANCE HALL, TO SERVE AS AN INSPIRATIONAL GATHERING PLACE FOR PROGRAMS AND EVENTS. ITS MOST SIGNIFICANT ACTIVITIES ARE EVENT HOSTING, PRESERVATION, AND COMMUNITY, ORGAN, AND EDUCATIONAL PROGRAMMING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $397,352

Program Service Revenue $1,592,493

Investment Income $705,014

Other Revenue $19,895

TOTAL REVENUE $2,714,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,294,082

Fundraising Expenses $184,667

Program Expenses $1,993,923

Other Expenses $1,577,650

TOTAL EXPENSES $2,871,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,714,754	$3,660,683	-0.3%
Expenses	$2,871,732	$2,771,032	+0.0%
Net Income	$-156,978	$889,651	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

204

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$132,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLEN CONTE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE ELLIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE LEEHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW MADIGAN	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER ANTKOWIAK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY CONSOLMAGNO	TREASURER	1.00	Officer Director	$0	$0	$0
KIM CIBOROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
BOB GOODELL	TRUSTEE	1.00	Director	$0	$0	$0
GLORIA HALL	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA DAVIDSON	TRUSTEE	1.00	Director	$0	$0	$0
SATYA MITRA	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY D'ELIA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES GOLDSBERRY	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE MCKENNA-YEAW	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW JOYCE	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH PACKARD	TRUSTEE	1.00	Director	$0	$0	$0
LORIE MARTISKA	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET WONG	TRUSTEE	1.00	Director	$0	$0	$0
DIANE GIAMPA	TRUSTEE	1.00	Director	$0	$0	$0
AKASH GARG	TRUSTEE	1.00	Director	$0	$0	$0
EVAN MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA MARIANO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ABBY MARSCHKE	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT OBER	TRUSTEE	1.00	Director	$0	$0	$0
LIZ PARKER GAGNE	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SABACINSKI	TRUSTEE	1.00	Director	$0	$0	$0
ADI TIBREWAL	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN GAGNE	EXECUTIVE DIRECTOR	40.00	Officer	$120,317	$12,152	$132,469

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,714,754	$2,871,732	$10,819,122	$-156,978
2024	$3,660,683	$2,771,032	$11,000,372	$889,651
2023	$2,837,428	$2,481,556	$9,800,605	$355,872
2022	$3,158,410	$1,930,933	$9,068,606	$1,227,477
2021	$860,578	$1,103,330	$9,656,153	$-242,752
2020	$1,326,349	$1,946,183	$8,884,946	$-619,834
2019	$1,958,891	$2,514,867	$9,210,623	$-555,976
2018	$2,696,885	$2,774,228	$9,818,126	$-77,343

WORCESTER COUNTY MECHANICS ASSOCIATION DBA MECHANICS HALL