BROCKTON AREA WORKFORCE INVESTMENT… - 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

2001

Legal Domicile

Principal Officer

JASON HUNTER

Phone

5085843234

Tax Period

2023-07-01 to 2024-06-30

BROCKTON AREA WORKFORCE INVESTMENT BOARD INC, founded in 2001, is a community nonprofit in the Employment sector that reported $6.0M in total revenue in fiscal year 2023.

Mission

MASSHIRE CREATES AND SUSTAINS POWERFUL CONNECTIONS BETWEEN BUSINESSES AND JOB SEEKERS THROUGH A STATEWIDE NETWORK OF EMPLOYMENT PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $5,606,375

SERVING AS COUNCIL TO PROVIDE GUIDANCE, CONTRACT FOR, AND EXERCISE OVERSIGHT TO THE WORKFORCE DEVELOPMENT SYSTEM IN THE BROCKTON SERVICE DELIVERY AREA BY PROMOTING AND ORGANIZING (INCLUDING...

SERVING AS COUNCIL TO PROVIDE GUIDANCE, CONTRACT FOR, AND EXERCISE OVERSIGHT TO THE WORKFORCE DEVELOPMENT SYSTEM IN THE BROCKTON SERVICE DELIVERY AREA BY PROMOTING AND ORGANIZING (INCLUDING CONTRACTING FOR) PROGRAMS TO DEVELOP TRAINING AND EMPLOYMENT OPPORTUNITIES IN THE REGION, ENLISTING THE VOLUNTARY SUPPORT AND COOPERATION OF PRIVATE EMPLOYERS AND EMPLOYER GROUPS, PUBLIC AND PRIVATE SERVICE AGENCIES, EDUCATORS AND GOVERNMENTAL BODIES FOR THE PROGRAMS SPONSORED SO AS TO ENHANCE THE ECONOMIC AND SOCIAL WELL BEING OF THE REGION AND ADVISING EXISTING PUBLIC AND PRIVATE EMPLOYMENT AND TRAINING ORGANIZATIONS ON METHODS AND PROGRAMS DESIGNED TO INCREASE JOB PLACEMENTS, AND PROVIDING SPECIAL EMPHASIS TO THE ECONOMICALLY DISADVANTAGED IN ITS PROGRAMS AND SERVICE OFFERINGS.

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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 $5,896,484

Program Service Revenue $0

Investment Income $4,699

Other Revenue $50,449

TOTAL REVENUE $5,951,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,343,423

Fundraising Expenses $0

Program Expenses $5,606,375

Other Expenses $4,496,590

TOTAL EXPENSES $5,840,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,951,632	$5,570,942	+0.1%
Expenses	$5,840,013	$5,464,388	+0.1%
Net Income	$111,619	$106,554	+0.0%

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

232

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

$373,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN EVANS	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
LINDA SACCHETTI	VICE-CHAIRPE	1.00	Officer Director	$0	$0	$0
MARY WALDRON	CLERK	1.00	Officer Director	$0	$0	$0
IRENE GIANNOLPOULOS	TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE FERNANDES	PAST CHAIR	1.00	Director	$0	$0	$0
THOMAS THIBEAULT	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN R CARLSON	DIRECTOR	0.25	Director	$0	$0	$0
NANCY A CHIAPPINI	DIRECTOR	0.25	Director	$0	$0	$0
JILL CONLON	DIRECTOR	0.25	Director	$0	$0	$0
DONALD DONNALSON	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH LOVETERE	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FERNANDES	DIRECTOR	0.25	Director	$0	$0	$0
KATHY CICHETTI	DIRECTOR	0.25	Director	$0	$0	$0
PAUL LANDERHOLM	DIRECTOR	0.25	Director	$0	$0	$0
JUSSIE MAIJALA	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT REVIL	DIRECTOR	0.25	Director	$0	$0	$0
CARINE SAUVIGNON	DIRECTOR	0.25	Director	$0	$0	$0
MARC GARCEA	DIRECTOR	0.25	Director	$0	$0	$0
KARLA ROGERS	DIRECTOR	0.25	Director	$0	$0	$0
SACHA STADHARD	DIRECTOR	0.25	Director	$0	$0	$0
JOHN MURRAY	DIRECTOR	0.25	Director	$0	$0	$0
SHEILA SULLIVAN-JARDIM	EXECUTIVE CO	30.00	Officer	$126,634	$22,109	$148,743
JASON HUNTER	EXECUTIVE DI	35.00	Officer	$99,463	$19,390	$118,853
MICHELE AHERN	DIRECTOR OF	35.00	Officer	$86,712	$19,513	$106,225

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	$5,951,632	$5,840,013	$3,460,160	$111,619
2023	$5,570,942	$5,464,388	$3,628,004	$106,554
2022	$4,577,121	$4,521,946	$3,481,000	$55,175
2021	$4,192,074	$4,108,419	$2,919,902	$83,655
2020	$3,799,084	$3,696,427	$2,837,388	$102,657
2019	$3,829,193	$3,803,792	$2,501,541	$25,401
2018	$3,956,546	$3,912,805	$2,751,628	$43,741

BROCKTON AREA WORKFORCE INVESTMENT BOARD INC