MASSACHUSETTS REGIONAL EMPLOYMENT … - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

VALERIE SUTTON

Phone

6172633388

Tax Period

2022-07-01 to 2023-06-30

MASSACHUSETTS REGIONAL EMPLOYMENT BOARD ASSOCIATION, founded in 1997, is a small nonprofit in the Employment sector that reported $441K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $382K left a modest 13% surplus.

Mission

THE MASSACHUSETTS WORKFORCE ASSOCIATION (MWA) IS A STATEWIDE MEMBERSHIP ASSOCIATION THAT LEADS, ADVOCATES AND CONVENES ON BEHALF OF THE MASSACHUSETTS WORKFORCE DEVELOPMENT SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $239,790 Revenue: $190,000

MEMBERSHIP - THE MASSACHUSETTS WORKFORCE ASSOCIATION (MWA) IS THE VOICE FOR THE COMMONWEALTH'S WORKFORCE DEVELOPMENT SYSTEM, ENCOMPASSING AN ARRAY OF PARTNERS AND STAKEHOLDERS, INCLUDING THE MASSHIRE CAREER CENTERS AND WORKFORCE BOARDS. MWA PROVIDES A UNIFIED VOICE OF THE STATE'S REGIONALLY-LED WORKFORCE DEVELOPMENT SYSTEM TO ENSURE IT IS RESPONSIVE TO THE DYNAMIC DEMANDS OF BUSINESSES, JOB SEEKERS, INCUMBENT WORKERS, AND YOUTH THROUGHOUT THE COMMONWEALTH.

Program 2

Expenses: $47,754

ADVOCACY - MWA IS A THOUGHT-LEADER FOR WORKFORCE DEVELOPMENT, SHARING BEST PRACTICES AND ELEVATING OUR MEMBERS' LOCAL EXPERTISE AND STRENGTHS STATEWIDE AND NATIONWIDE. MWA ADVOCATES FOR PUBLIC...

ADVOCACY - MWA IS A THOUGHT-LEADER FOR WORKFORCE DEVELOPMENT, SHARING BEST PRACTICES AND ELEVATING OUR MEMBERS' LOCAL EXPERTISE AND STRENGTHS STATEWIDE AND NATIONWIDE. MWA ADVOCATES FOR PUBLIC POLICIES AND RESOURCES TO SUPPORT OUR MEMBERS IN MEETING THE TALENT NEEDS OF LOCAL BUSINESSES AND CONNECTING JOB SEEKERS TO EMPLOYMENT AND CAREER PATHWAYS.

Program 3

Expenses: $47,754

TRAINING - MWA CONVENES OUR MEMBERS FOR STRATEGIC PARTNERSHIP DEVELOPMENT, PEER-TO-PEER LEARNING AND NETWORKING OPPORTUNITIES, INCLUDING QUARTERLY MEETINGS AND AN ANNUAL MEETING.

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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 $227,486

Program Service Revenue $190,000

Investment Income $2,911

Other Revenue $20,826

TOTAL REVENUE $441,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,693

Fundraising Expenses $0

Program Expenses $335,298

Other Expenses $127,768

TOTAL EXPENSES $382,461

Year-over-Year Comparison

	2022	2021	Change
Revenue	$441,223	$373,199	+0.2%
Expenses	$382,461	$371,462	+0.0%
Net Income	$58,762	$1,737	+32.8%

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

Volunteers

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

$298,736

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE SUTTON	CHAIR	1.00	Officer Director	$0	$0	$0
BOBBY TUGBIYELE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT BOWER	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM OLIVEIRA	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT CORLEY	DIRECTOR	1.00	Director	$0	$0	$0
MADDREY GOODE	DIRECTOR	1.00	Director	$0	$0	$0
LISA GURGONE	DIRECTOR	1.00	Director	$0	$0	$0
EMMANUEL OWUSU	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PELLETIER	DIRECTOR	1.00	Director	$0	$0	$0
ERIN TRAVASSOS	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY J USOVICZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY SARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEEKES	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN JONES	DIRECTOR UNTIL 10/22	1.00	Director	$0	$0	$0
VERA SOSTRE	DIRECTOR UNTIL 3/23	1.00	Director	$0	$0	$0
TONJA METTLACH	EXECUTIVE DIRECTOR UNTIL 3/23	40.00	Officer	$130,726	$47,844	$178,570
RAIJA VAISANEN	EXECUTIVE DIRECTOR	40.00	Officer	$99,225	$20,941	$120,166

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	$441,223	$382,461	$365,731	$58,762
2022	$373,199	$371,462	$306,997	$1,737
2021	$365,907	$340,586	$311,586	$25,321
2020	$403,373	$360,276	$279,859	$43,097
2019	$368,087	$266,548	$230,534	$101,539
2018	$245,037	$284,169	$233,936	$-39,132

MASSACHUSETTS REGIONAL EMPLOYMENT BOARD ASSOCIATION