FUTUREWORKS INC D/B/A MASSHIRE SPRINGFIELD CAREER CENTER (EIN 043580614) - 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

2002

Legal Domicile

Principal Officer

JOSEPHINE SARNELLI

Phone

4138582806

Tax Period

2023-07-01 to 2024-06-30

FUTUREWORKS INC D/B/A MASSHIRE SPRINGFIELD CAREER CENTER, founded in 2002, is a community nonprofit in the Employment sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

ONE STOP CAREER CENTER PROVIDING WORKFORCE DEVELOPMENT SERVICES TO EMPLOYERS AND JOBSEEKERS.

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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 $2,856,054

Program Service Revenue $74,073

Investment Income $548

Other Revenue $0

TOTAL REVENUE $2,930,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,386,524

Fundraising Expenses $0

Program Expenses $2,596,698

Other Expenses $578,158

TOTAL EXPENSES $2,964,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,930,675	$3,082,363	0.0%
Expenses	$2,964,682	$3,015,621	0.0%
Net Income	$-34,007	$66,742	-1.5%

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

$262,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK AMARO	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN DILUZIO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GRANDFIELD	DIRECTOR	0.50	Director	$0	$0	$0
SHAYVONNE PLUMMER	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON EBNER	PRESIDENT	1.50	Officer Director	$0	$0	$0
TODD SNOPKOWSKI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPHINE SARNELLI	TREASURER	1.50	Officer Director	$0	$0	$0
KERMIT DUNKELBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN LYNN	EXECUTIVE DIRECTOR	37.50	Officer	$116,944	$23,503	$140,447
KATHLEEN KREMINEC	DIR. OF FINANCE	40.00	Officer	$98,835	$22,805	$121,640

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	$2,930,675	$2,964,682	$2,300,215	$-34,007
2023	$3,082,363	$3,015,621	$2,530,054	$66,742
2022	$2,287,976	$2,256,999	$1,190,763	$30,977
2021	$2,115,361	$2,161,199	$1,123,687	$-45,838
2020	$2,149,689	$2,114,255	$1,138,461	$35,434
2019	$2,018,164	$2,029,005	$1,081,446	$-10,841
2018	$1,913,453	$1,874,169	$1,063,109	$39,284

FUTUREWORKS INC D/B/A MASSHIRE SPRINGFIELD CAREER CENTER