QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION (EIN 043268142) - 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

1995

Legal Domicile

Principal Officer

VINCENT MCCAUGHEY

Phone

4139673001

Tax Period

2022-07-01 to 2023-06-30

QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION, founded in 1995, is a small nonprofit in the Public & Societal Benefit sector that reported $219K in total revenue in fiscal year 2022. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $203K left a modest 7% surplus.

Mission

ECONOMIC ASSISTANCE AND DEVELOPMENT AND PROVIDING LOANS TO LOCAL BUSINESSES

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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 $170,061

Program Service Revenue $41,279

Investment Income $1,244

Other Revenue $6,347

TOTAL REVENUE $218,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $750

Program Expenses $186,555

Other Expenses $203,010

TOTAL EXPENSES $203,010

Year-over-Year Comparison

	2022	2021	Change
Revenue	$218,931	$541,657	-0.6%
Expenses	$203,010	$230,631	-0.1%
Net Income	$15,921	$311,026	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT MCCAUGHEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD EGAN II	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD CHRISTENSEN	CLERK	1.00	Officer Director	$0	$0	$0
ROBERT BOTTOMLEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CAROLYN HALEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES LASK	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HENEY	DIRECTOR	1.00	Director	$0	$0	$0
GLENN MERKEL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES METCALF	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA FALES	EXECUTIVE DI	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	$218,931	$203,010	$2,282,650	$15,921
2022	$541,657	$230,631	$2,249,740	$311,026
2021	$80,140	$108,728	$1,911,936	$-28,588
2020	$199,940	$123,789	$1,919,804	$76,151
2019	$276,000	$93,322	$1,822,152	$182,678

QUABOAG VALLEY BUSINESS ASSISTANCE CORPORATION