MASSHIRE NORTH CENTRAL WORKFORCE BOARD INC (EIN 042868843) - 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

1985

Legal Domicile

Principal Officer

CHRISTINE CORDIO

Phone

9785341023

Tax Period

2022-07-01 to 2023-06-30

MASSHIRE NORTH CENTRAL WORKFORCE BOARD INC, founded in 1985, is a community nonprofit in the Employment sector that reported $3.9M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDE JOB DRIVEN EMPLOYMENT AND EDUCATIONAL SERVICES THAT EXPAND OPPORTUNITIES FOR YOUNG PEOPLE AND ADULTS IN NORTH CENTRAL MASSACHUSETTS AND PROVIDE EMPLOYERS WITH THE COMPETITIVE WORKFORCE THEY NEED TO SUCCEED

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,819,200

Program Service Revenue $0

Investment Income $129

Other Revenue $43,955

TOTAL REVENUE $3,863,284

Expense Breakdown

Grants Paid $195,675

Salaries & Benefits $1,081,146

Fundraising Expenses $0

Program Expenses $3,700,193

Other Expenses $2,567,308

TOTAL EXPENSES $3,844,129

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,863,284	$3,399,312	+0.1%
Expenses	$3,844,129	$3,369,073	+0.1%
Net Income	$19,155	$30,239	-0.4%

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

240

Volunteers

N/A

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

$153,766

Total Directors

$153,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ROBERGE	EXECUTIVE DIRECTOR	37.50	Officer Director	$118,638	$35,128	$153,766
ANNEMARIE ABDO	DIRECTOR	1.00	Director	$0	$0	$0
GINA BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
MARY JO BOHART	DIRECTOR	1.00	Director	$0	$0	$0
MERVYN CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA CANTARA	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA CURTIS	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA DEROY	DIRECTOR	1.00	Director	$0	$0	$0
ADAM DUGGAN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA FETTERHOFF	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FINN	DIRECTOR	1.00	Director	$0	$0	$0
BRUNO FISHER	DIRECTOR	1.00	Director	$0	$0	$0
ROY GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAWN BEATI	DIRECTOR	1.00	Director	$0	$0	$0
MARIO GUAY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY JANUSKIEWIECZ	DIRECTOR	1.00	Director	$0	$0	$0
THERESA KANE PHD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE CORDIO	CHAIR	1.00	Officer Director	$0	$0	$0
RICK MARCHAND	DIRECTOR	1.00	Director	$0	$0	$0
DONATA MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA COLONNA	DIRECTOR	1.00	Director	$0	$0	$0
MAEGEN MCCAFFREY	CLERK	1.00	Officer Director	$0	$0	$0
ROY NASCIMENTO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COVENY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PARUTA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERSON	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA PISTONE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ONEAL	DIRECTOR	1.00	Director	$0	$0	$0
JENNA TAIT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN REED	DIRECTOR	1.00	Director	$0	$0	$0
MARIBEL CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HANDLER	DIRECTOR	1.00	Director	$0	$0	$0
MAJORIE NUMAN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$3,863,284	$3,844,129	$2,879,109	$19,155
2022	$3,399,312	$3,369,073	$1,587,232	$30,239
2021	$2,913,649	$2,863,950	$1,142,679	$49,699
2020	$2,634,128	$2,634,128	$811,465	No data
2019	$2,884,132	$2,884,132	$1,221,119	No data
2018	$1,649,500	$1,649,500	$1,021,482	No data

MASSHIRE NORTH CENTRAL WORKFORCE BOARD INC