PARTNERSHIPS FOR A SKILLED WORKFORCE INC

EIN: 043530815 501(c)(3)

MARLBOROUGH, MA

Total Revenue
$431,887
Total Expenses
$521,848
Total Assets
$1,017,019
Net Assets
$996,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MA
Principal Officer
GREGORY BUNN
Phone
5082816910
Tax Period
2023-07-01 to 2024-06-30

PARTNERSHIPS FOR A SKILLED WORKFORCE INC, founded in 2000, is a small nonprofit that reported $432K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $522K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE BOARD SHALL BE TO ENABLE INDIVIDUALS AND FAMILIES TO REACH ECONOMIC SELF-SUFFICIENCY THROUGH EDUCATION AND TRAINING FOR 21ST CENTURY JOBS AND HELP COMPANIES DEVELOP A WELL-TRAINED WORKFORCE SO THAT THEY MIGHT SURVIVE AND PROSPER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $431,696
Program Service Revenue $0
Investment Income $41
Other Revenue $150
TOTAL REVENUE $431,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $370,948
Fundraising Expenses $0
Program Expenses $521,848
Other Expenses $150,900
TOTAL EXPENSES $521,848

Year-over-Year Comparison

2023 2022 Change
Revenue $431,887 $2,060,857 -0.8%
Expenses $521,848 $1,207,463 -0.6%
Net Income $-89,961 $853,394 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
111
Volunteers
23

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
$144,942
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA KUBIAK CHAIR 0.50
Officer Director
$0 $0 $0
MARK FEGLEY VICE CHAIR 0.50
Officer Director
$0 $0 $0
JENNIFER JACKSON BOARD MEMBER 0.50
Director
$0 $0 $0
ROSEMARY ALEXANDER BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN BOGDAN BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT BOWER BOARD MEMBER 0.50
Director
$0 $0 $0
PATRICK DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
BRANDY DEBARGE BOARD MEMBER (UNTIL 04/24) 0.50
Director
$0 $0 $0
CHARLES GAGNON BOARD MEMBER 0.50
Director
$0 $0 $0
SHANNON LAINGEN BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT GANONG BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS VERICKER BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN O'CONNOR BOARD MEMBER 0.50
Director
$0 $0 $0
JASON PALITSCH BOARD MEMBER 0.50
Director
$0 $0 $0
NICK PAVONE BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID PODELL BOARD MEMBER 0.50
Director
$0 $0 $0
DAN REDIGER BOARD MEMBER 0.50
Director
$0 $0 $0
MARY LOU REGAN BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN MEDEIROS BOARD MEMBER 0.50
Director
$0 $0 $0
ERNEST HOULE BOARD MEMBER 0.50
Director
$0 $0 $0
WALTER GARDNER BOARD MEMBER 0.50
Director
$0 $0 $0
KIM INGALLS BOARD MEMBER (UNTIL 10/23) 0.50
Director
$0 $0 $0
MARC KOCZWARA BOARD MEMBER (UNTIL 7/23) 0.50
Director
$0 $0 $0
REV J ANTHONY LLOYD BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS O'ROURKE BOARD MEMBER 0.50
Director
$0 $0 $0
HOLLY AMOTH BOARD MEMBER 0.50
Director
$0 $0 $0
GREGORY BUNN EXECUTIVE DIRECTOR 37.50
Officer
$0 $5,060 $144,942
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 $431,887 $521,848 $1,017,019 $-89,961
2023 $2,060,857 $1,207,463 $1,159,646 $853,394
2022 $2,174,358 $2,156,735 $388,132 $17,623
2021 $1,196,142 $1,129,170 $310,388 $66,972
2020 $968,955 $918,435 $239,261 $50,520
2019 $870,737 $881,819 $160,366 $-11,082
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