THE PARTNERSHIP INC

EIN: 042879910 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$3,643,713
Total Expenses
$3,972,416
Total Assets
$6,041,537
Net Assets
$5,850,774
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
PRATT NORTON WILEY
Phone
6172622828
Tax Period
2023-01-01 to 2023-12-31

THE PARTNERSHIP INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE PARTNERSHIP, INC. IS TO ENSURE THE ECONOMIC COMPETIVENESS OF THE NEW ENGLAND REGION AND BEYOND BY ATTRACTING, DEVELOPING, RETAINING AND CONVENING EXECUTIVES AND PROFESSIONALS OF COLOR TO ENSURE THEY REACH THEIR FULL POTENTIAL. IN DOING SO, THE ORGANIZATION ALSO WORKS WITH COMPANIES TO ASSIST THEM IN CREATING CLIMATES WHERE DIVERSE INDIVIDUALS CAN THRIVE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,275
Program Service Revenue $3,507,345
Investment Income $112,093
Other Revenue $-47,000
TOTAL REVENUE $3,643,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,236,594
Fundraising Expenses $237,475
Program Expenses $3,127,808
Other Expenses $1,735,822
TOTAL EXPENSES $3,972,416

Year-over-Year Comparison

2023 2022 Change
Revenue $3,643,713 $4,820,212 -0.2%
Expenses $3,972,416 $3,378,173 +0.2%
Net Income $-328,703 $1,442,039 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
19
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
6
$571,748
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRATT NORTON WILEY PRESIDENT & 40.00
Officer
$289,200 $14,565 $303,765
CARMEN ARCE-BOWEN VICE PRESIDE 40.00
Officer
$231,420 $36,563 $267,983
KAREN JAMES-SKYES VP, LEADERSH 40.00
Highest
$144,300 $18,595 $162,895
JACQUETTA VAN ZANDT VP ENGAGEMEN 40.00
Highest
$139,900 $11,150 $151,050
TRACEY WEST SR. CONSULTA 40.00
Highest
$145,833 $2,489 $148,322
RASHI SHYAM DIGITAL TRAN 40.00
Highest
$101,000 $40,465 $141,465
MARCELA ALDAZ-MATOS BOARD MEMBER 2.00
Director
$0 $0 $0
PAUL ALEXANDER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
TODD BLACKWELL BOARD MEMBER 2.00
Director
$0 $0 $0
ELIZABETH CHENG VICE CHAIR 2.00
Officer Director
$0 $0 $0
YVONNE GARCIA BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID GIUNTA BOARD MEMBER 2.00
Director
$0 $0 $0
KENNETH LEONETTI SECRETARY/CL 2.00
Officer Director
$0 $0 $0
NICK LOPEZ BOARD MEMBER 2.00
Director
$0 $0 $0
THOMAS MELENDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
DR TSEDEAL NEELEY BOARD MEMBER 2.00
Director
$0 $0 $0
DR LAURA MORGAN ROBERTS BOARD MEMBER 2.00
Director
$0 $0 $0
MINITA SHAH-MARA BOARD MEMBER 2.00
Director
$0 $0 $0
MARK TOUHEY TREASURER 2.00
Officer Director
$0 $0 $0
ATUL VARMA BOARD MEMBER 2.00
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
2024 No data No data No data No data
2023 $3,643,713 $3,972,416 $6,041,537 $-328,703
2022 $4,820,212 $3,378,173 $6,465,634 $1,442,039
2021 $4,577,511 $2,724,715 $5,653,072 $1,852,796
2020 $2,585,211 $1,876,440 $3,835,533 $708,771
2019 $2,472,746 $2,117,790 $2,382,907 $354,956
2018 $2,849,520 $2,574,323 $2,584,287 $275,197
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE PARTNERSHIP INC with other nonprofits in Massachusetts and across the country.