MASSACHUSETTS MANUFACTURING EXTENSION PARTNERSHIP

EIN: 043459696 501(c)(3) Community Improvement

AUBURN, MA

Total Revenue
$15,299,869
Total Expenses
$15,098,798
Total Assets
$4,795,940
Net Assets
$2,350,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
KATHERINE MAHONEY
Phone
5088317020
Tax Period
2024-07-01 to 2025-06-30

MASSACHUSETTS MANUFACTURING EXTENSION PARTNERSHIP, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $15.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION IS AN EDUCATIONAL EXTENSION PROGRAM ESTABLISHED TO PROVIDE MANUFACTURERS, LOCATED IN THE COMMONWEALTH OF MASSACHUSETTS, WITH ASSISTANCE IN APPLYING PRODUCTION AND PROCESS TECHNOLOGIES AND BUSINESS MANAGEMENT PRACTICES TO THEIR OPERATIONS. THE ORGANIZATION LINKS PUBLIC AND PRIVATE SERVICE PROVIDERS AND COMPLIMENTS FEDERAL, STATE AND LOCAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $12,434,196 Revenue: $3,334,662

AN EDUCATIONAL EXTENSION PROGRAM TO ASSIST SMALL MANUFACTURERS, LOCATED IN MASSACHUSETTS, IN APPLYING PRODUCTION AND PROCESS TECHNOLOGIES AND BUSINESS MANAGEMENT PRACTICES TO THEIR OPERATIONS.

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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 $11,839,636
Program Service Revenue $3,334,662
Investment Income $103,178
Other Revenue $22,393
TOTAL REVENUE $15,299,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,567,674
Fundraising Expenses $0
Program Expenses $12,434,196
Other Expenses $8,531,124
TOTAL EXPENSES $15,098,798

Year-over-Year Comparison

2024 2023 Change
Revenue $15,299,869 $11,721,683 +0.3%
Expenses $15,098,798 $11,728,272 +0.3%
Net Income $201,071 $-6,589 -31.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
51
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
3
$785,055
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDY BURKE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BERG BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA BARNES BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH HAIG BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
RITA KAPUR BOARD MEMBER 1.00
Director
$0 $0 $0
FREDDY LAWRENCE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GENEREUX BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN COOMBS BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLEY INGALLS DIRECTOR OF BUSINESS OPERA 40.00
Officer
$171,806 $28,371 $200,177
JESSE BURQUE DIRECTOR OF FINANCE 40.00
Officer
$172,410 $52,853 $225,263
KATHERINE MAHONEY PRESIDENT 40.00
Officer
$307,918 $51,697 $359,615
KRISTY E GRIGNON SR. DIRECTOR OF BUSINESS D 40.00
Highest
$196,687 $55,367 $252,054
JUDITH SILVIA SR. DIRECTOR OF PUBLIC AFF 40.00
Highest
$202,764 $56,467 $259,231
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 $15,299,869 $15,098,798 $4,795,940 $201,071
2024 $11,721,683 $11,728,272 $4,777,464 $-6,589
2023 $9,326,531 $8,936,973 $4,816,526 $389,558
2022 $10,807,956 $10,855,874 $5,456,400 $-47,918
2021 $7,647,712 $7,064,186 $3,413,647 $583,526
2020 $7,906,194 $7,581,603 $3,010,814 $324,591
2019 $7,819,499 $7,544,268 $3,226,536 $275,231
2018 $8,547,022 $7,707,583 $3,867,836 $839,439
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