MASSACHUSETTS MANUFACTURING EXTENSION PARTNERSHIP (EIN 043459696) - 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

1996

Legal Domicile

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

MASSACHUSETTS MEP LINKS PUBLIC AND PRIVATE SECTOR SERVICE PROVIDERS AND COMPLIMENTS FEDERAL, STATE AND LOCAL PROGRAMS

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$785,055

Total Directors

Key Employees

Highest Compensated

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

MASSACHUSETTS MANUFACTURING EXTENSION PARTNERSHIP