MASS AFL-CIO WORKFORCE DEVELOPMENT PROGRAMS INC (EIN 043509974) - 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

1999

Legal Domicile

Principal Officer

CHRISTINE LYNCH

Phone

6172448230

Tax Period

2023-01-01 to 2023-12-31

MASS AFL-CIO WORKFORCE DEVELOPMENT PROGRAMS INC, founded in 1999, is a small nonprofit in the Employment sector that reported $447K in total revenue in fiscal year 2023.

Mission

TO PROVIDE RESOURCES TO HIRE STAFF TO WORK WITH UNIONS,LABOR COUNCILS AND WITH THE WORKFORCEDEVELOPMENT SYSTEM THROUGHOUT THE STATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $447,072

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $447,072

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $273,556

Fundraising Expenses $0

Program Expenses $285,625

Other Expenses $171,016

TOTAL EXPENSES $447,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,072	$445,463	+0.0%
Expenses	$447,072	$445,463	+0.0%
Net Income	$0	$0	N/A

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

N/A

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

$679,611

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN TOLMAN	PRESIDENT (P)	2.00	Officer	$0	$65,644	$249,042
LOUIS MANDARINI	SECRETARY-TREASURER (P)	1.00	Officer	$0	$0	$0
CHUCK RASO	DIRECTOR	1.00	Officer	$0	$0	$0
EDWARD COLLINS	DIRECTOR (P)	1.00	Officer	$0	$0	$0
CHRISTINE LYNCH	PRESIDENT	2.00	Officer	$0	$65,982	$236,355
KEVIN BROUSSEAU	SEC TREASURER	2.00	Officer	$0	$57,826	$194,214

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
2024	No data	No data	No data	No data
2023	$447,072	$447,072	$283,929	No data
2022	$445,463	$445,463	$523,771	No data
2021	$437,034	$437,034	$442,442	No data
2020	$430,834	$430,834	$311,932	No data
2019	$298,222	$298,222	$198,220	No data
2018	$317,080	$317,080	$205,870	No data

MASS AFL-CIO WORKFORCE DEVELOPMENT PROGRAMS INC