JOBS FOR FALL RIVER INC (EIN 042655817) - 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

1978

Legal Domicile

Principal Officer

FRANK MARCHIONE

Phone

5083242620

Tax Period

2024-07-01 to 2025-06-30

JOBS FOR FALL RIVER INC, founded in 1978, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 215% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE PROSPERITY AND THE GENERAL WELFARE OF THE CITIZENS OF THE CITY OF FALL RIVER BY STIMULATING ECONOMIC AND INDUSTRIAL GROWTH AND EXPANSION IN THE AREA TO INCLUDE THE CITY OF FALL RIVER AND THE TOWNS OF FREETOWN, SOMERSET AND WESTPORT.

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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 $300,001

Program Service Revenue $709,941

Investment Income $3,746

Other Revenue $0

TOTAL REVENUE $1,013,688

Expense Breakdown

Grants Paid $77,205

Salaries & Benefits $633,692

Fundraising Expenses $0

Program Expenses $700,016

Other Expenses $2,480,936

TOTAL EXPENSES $3,191,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,013,688	$1,120,696	-0.1%
Expenses	$3,191,833	$1,645,705	+0.9%
Net Income	$-2,178,145	$-525,009	+3.1%

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

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

$478,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE FERNANDES	MEMBER AT LARGE	0.50	Director	$0	$0	$0
CARLOS A DACUNHA	TREASURER	1.00	Officer Director	$0	$0	$0
FRANCISCO J CABRAL	MEMBER AT LARGE	0.50	Director	$0	$0	$0
FRANK MARCHIONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRED M FRANCO	MEMBER AT LARGE	0.50	Director	$0	$0	$0
JAMES M KARAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES P SABRA	MEMBER AT LARGE	0.50	Director	$0	$0	$0
JAMES WALLACE	MEMBER AT LARGE	0.50	Director	$0	$0	$0
JANNA LAFRANCE	MEMBER AT LARGE	0.50	Director	$0	$0	$0
KENNETH R REZENDES	MEMBER AT LARGE	0.50	Director	$0	$0	$0
MARIA FERREIRA-BEDARD	MEMBER AT LARGE	0.50	Director	$0	$0	$0
MARK CORDEIRO	MEMBER AT LARGE	0.50	Director	$0	$0	$0
MICHAEL BENEVIDES	MEMBER AT LARGE (OUTGOING)	0.50	Director	$0	$0	$0
MICHAEL BUSHELL	MEMBER AT LARGE (OUTGOING)	0.50	Director	$0	$0	$0
MICHAEL LUND	MEMBER AT LARGE	0.50	Director	$0	$0	$0
MICHELLE PELLETIER	MEMBER AT LARGE	0.50	Director	$0	$0	$0
PAUL C BURKE	MEMBER AT LARGE	0.50	Director	$0	$0	$0
PAUL S MEDEIROS	MEMBER AT LARGE	0.50	Director	$0	$0	$0
REBECCA COLLINS	MEMBER AT LARGE (OUTGOING)	0.50	Director	$0	$0	$0
ROBERT MONGEON	MEMBER AT LARGE	0.50	Director	$0	$0	$0
ROBIN HODKINSON	MEMBER AT LARGE	0.50	Director	$0	$0	$0
RON RUSIN	CLERK	1.00	Officer Director	$0	$0	$0
SAMUEL CORDEIRO	MEMBER AT LARGE (AS OF 4/25)	0.50	Director	$0	$0	$0
STEPHANIE MANCINI	MEMBER AT LARGE	0.50	Director	$0	$0	$0
TIMOTHY CHAVES	MEMBER AT LARGE	0.50	Director	$0	$0	$0
KENNETH FIOLA	EXECUTIVE VICE PRESIDENT	40.00	Officer	$321,420	$12,146	$333,566
LYNN OLIVEIRA	CHIEF FINANCIAL OFFICER	40.00	Officer	$112,155	$32,745	$144,900

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	$1,013,688	$3,191,833	$7,678,698	$-2,178,145
2024	$1,120,696	$1,645,705	$10,067,879	$-525,009
2023	$1,157,861	$1,317,473	$10,598,026	$-159,612
2022	$1,626,254	$1,476,517	$10,855,631	$149,737
2021	$2,763,476	$1,156,459	$11,824,089	$1,607,017
2020	$662,906	$1,068,814	$10,298,907	$-405,908
2019	$568,192	$1,207,666	$10,602,274	$-639,474
2018	$1,193,459	$1,320,904	$12,016,770	$-127,445

JOBS FOR FALL RIVER INC