QUABOAG VALLEY COMMUNITY DEVELOPME… - 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

ROBERT BOTTOMLEY

Phone

4139673001

Tax Period

2024-07-01 to 2025-06-30

QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Employment sector that reported $865K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 33% operating deficit.

Mission

ECONOMIC IMPROVEMENT OF THE QUABOAG VALLEY IN MASSACHUSETTS

Program Service Accomplishments

Program 1

Expenses: $1,006,531 Revenue: $114,093

TO PROVIDE SUPPORT TO BUSINESSES LOCATED IN THE QUABOAG REGION AND SUPPORT FOR THE SMALL BUSINESS LOAN PROGRAM OF QUABOAG VALLEY BUSINESS ASSISTANCE PROGRAM BY INVESTING CAPITAL IN SMALL BUSINESSES THAT ARE UNABLE TO OBTAIN CAPITAL THROUGH CONVENTIONAL MEANS. IN ADDITION, WE ENGAGE IN COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT LOW INCOME UNDERSERVED RESIDENTS WITH A GOAL OF REDUCING UNEMPLOYMENT, REDUCING UNDEREMPLOYMENT AND PROVIDING JOB TRAINING AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $726,004

Program Service Revenue $114,093

Investment Income $24,632

Other Revenue $0

TOTAL REVENUE $864,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,507

Fundraising Expenses $24,471

Program Expenses $1,006,531

Other Expenses $546,512

TOTAL EXPENSES $1,151,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$864,729	$1,278,139	-0.3%
Expenses	$1,151,019	$1,089,997	+0.1%
Net Income	$-286,290	$188,142	-2.5%

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

Total Directors

$67,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BOTTOMLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICE DAVEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DEBRA CHRISTENSEN	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD CHRISTENSEN	CLERK	1.00	Officer Director	$0	$0	$0
MELISSA FALES	EXECUTIVE DI	40.00	Director	$61,407	$5,950	$67,357
ELIZABETH GITTENS	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST GOUDREAU	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HALEY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON MELI	DIRECTOR	1.00	Director	$0	$0	$0
GLENN MERKEL	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	$864,729	$1,151,019	$2,144,225	$-286,290
2024	No data	No data	No data	No data
2023	$1,164,424	$1,182,118	$2,176,851	$-17,694
2022	$1,035,215	$1,014,954	$2,164,423	$20,261
2021	$942,305	$778,585	$2,055,853	$163,720
2020	$712,701	$700,510	$1,878,962	$12,191
2019	$944,951	$613,648	$1,723,299	$331,303

QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION