Metro North Regional Employment Board

EIN: 043279555 501(c)(3) Employment

Malden, MA

Total Revenue
$15,019,478
Total Expenses
$15,506,614
Total Assets
$5,988,033
Net Assets
$1,446,169
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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
MA
Principal Officer
Richard Dalton
Phone
6178641500
Tax Period
2024-07-01 to 2025-06-30

Metro North Regional Employment Board, founded in 1995, is a mid-sized nonprofit in the Employment sector that reported $15.0M in total revenue in fiscal year 2024.

Mission

To develop partnerships, generate resources, and advocate for workforce solutions.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,935,249
Program Service Revenue $0
Investment Income $84,229
Other Revenue $0
TOTAL REVENUE $15,019,478

Expense Breakdown

Grants Paid $11,612,675
Salaries & Benefits $2,937,061
Fundraising Expenses $0
Program Expenses $14,803,992
Other Expenses $956,878
TOTAL EXPENSES $15,506,614

Year-over-Year Comparison

2024 2023 Change
Revenue $15,019,478 $15,214,630 0.0%
Expenses $15,506,614 $14,632,617 +0.1%
Net Income $-487,136 $582,013 -1.8%
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

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Governance

Voting Members
19
Independent Members
19
Employees
42
Volunteers
19

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
$298,145
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Collen Moran Chair 1.00
Officer Director
$0 $0 $0
Carson Burrington Vice-Chair 1.00
Officer Director
$0 $0 $0
Susan Walsh Clerk 1.00
Officer Director
$0 $0 $0
Valarie Sutton Treasurer 1.00
Officer Director
$0 $0 $0
Steven Sullivan Board Member 1.00
Director
$0 $0 $0
Reed Brockman Board Member 1.00
Director
$0 $0 $0
Debra Jacobson Board Member 1.00
Director
$0 $0 $0
Nancy Conti Board Member 1.00
Director
$0 $0 $0
Rosemary Alexander Board Member 1.00
Director
$0 $0 $0
Christopher Hope Board Member 1.00
Director
$0 $0 $0
Rafael Mares Board Member 1.00
Director
$0 $0 $0
Maria Kefallinou Board Member 1.00
Director
$0 $0 $0
Allen Boyer Board Member 1.00
Director
$0 $0 $0
Rick Laferriere Board Member 1.00
Director
$0 $0 $0
Rachael Running Board Member 1.00
Director
$0 $0 $0
Stacey Leibowitz Board Member 1.00
Director
$0 $0 $0
Kristen McKenna Board Member 1.00
Director
$0 $0 $0
Jennifer Mancia Board Member 1.00
Director
$0 $0 $0
Michael Cosgrove Board Member 1.00
Director
$0 $0 $0
Christopher Albrizio-Lee President and CEO 35.00
Officer
$138,225 $24,595 $162,820
Richard Dalton CFO 35.00
Officer
$132,108 $3,217 $135,325
Maryanne Ham NAMC Executive Dir. 35.00
Highest
$116,564 $1,696 $118,260
Pahneez Hasseli COO, VP 35.00
Highest
$113,135 $1,415 $114,550
Thomas Hanna Former Controller, VP 35.00
Highest
$110,930 $10,405 $121,335
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 $15,019,478 $15,506,614 $5,988,033 $-487,136
2024 $15,214,630 $14,632,617 $7,838,824 $582,013
2023 $11,676,894 $11,445,737 $4,448,111 $231,157
2022 $8,929,878 $8,897,959 $4,304,049 $31,919
2021 $7,469,285 $7,448,605 $4,050,870 $20,680
2020 $7,161,264 $7,346,099 $3,200,105 $-184,835
2019 $8,140,419 $8,300,600 $2,748,080 $-160,181
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