SER-JOBS FOR PROGRESS INC

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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

1981

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

SER-JOBS FOR PROGRESS INC, founded in 1981, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 12% surplus.

Mission

THE ORGANIZATION ADMINISTERS AND IMPLEMENTS EDUCATIONAL, EMPLOYMENT AND TRAINING PROGRAMS TO ECONOMICALLY DISADVANTAGED OR LIMITED ENGLISH SPEAKING INDIVIDUALS IN THE GREATER FALL RIVER MASSACHUSETTS AREA.

Program Service Accomplishments

Program 1

Expenses: $559,306

HOUSING STABILIZATION PROGRAMMING AND INITIATIVES TO END HOMELESSNESS.

Program 2

Expenses: $516,959

YOUNG PARENTS, YOUTH EDUCATION AND JOB PLACEMENTS PROGRAMMING.

Program 3

Expenses: $493,707

ALL OTHER ACADEMIC, INSTRUCTIONAL, ENGLISH FOR STUDENTS OF OTHER LANGUAGES, JOB TRAINING AND JOB PLACEMENT 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 (2023)

Revenue Breakdown

Contributions & Grants $494,995

Program Service Revenue $2,326,506

Investment Income $6,219

Other Revenue $31,579

TOTAL REVENUE $2,859,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,589,327

Fundraising Expenses $0

Program Expenses $2,374,636

Other Expenses $914,538

TOTAL EXPENSES $2,503,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,859,299	$2,748,962	+0.0%
Expenses	$2,503,865	$2,675,177	-0.1%
Net Income	$355,434	$73,785	+3.8%

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

129

Volunteers

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA FERREIRA-BEDARD	EXECUTIVE DIRECTOR	35.00	Highest	$93,432	$0	$93,432
JAMILA WADE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BAPTISTA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BENEVIDES	DIRECTOR	1.00	Director	$0	$0	$0
DIANA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MEDEIROS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN MITCHELL ESQ	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LIBERAL SILVA	CLERK	1.00	Officer Director	$0	$0	$0
JULIE ROMOS-GAGLIARDI	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
PAUL F SILVA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$2,859,299	$2,503,865	$1,416,291	$355,434
2023	$2,748,962	$2,675,177	$1,370,368	$73,785
2022	$2,563,786	$2,388,576	$1,408,036	$175,210
2022	$2,458,064	$2,261,529	$1,411,714	$196,535
2021	$2,626,536	$2,461,302	$976,887	$165,234
2020	$2,342,806	$2,045,010	$1,104,532	$297,796
2019	$1,939,643	$1,923,854	$758,591	$15,789
2018	$1,852,555	$1,855,774	$698,308	$-3,219