FUTUREWORKS INC D/B/A MASSHIRE SPRINGFIELD CAREER CENTER

EIN: 043580614 501(c)(3) Employment

SPRINGFIELD, MA

Total Revenue
$2,930,675
Total Expenses
$2,964,682
Total Assets
$2,300,215
Net Assets
$1,028,732
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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
MA
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

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

Program Service Accomplishments

Program 1
Expenses: $2,596,698 Revenue: $74,073

MASSHIRE SPRINGFIELD CAREER CENTER PROVIDES WORKFORCE DEVELOPMENT SERVICES TO BUSINESSES (INCLUDING LABOR MARKET INFORMATION, JOB POSTINGS, ON-SITE DIRECT RECRUITMENT, JOB EXPOS AND COMPUTER SKILLS...

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MASSHIRE SPRINGFIELD CAREER CENTER PROVIDES WORKFORCE DEVELOPMENT SERVICES TO BUSINESSES (INCLUDING LABOR MARKET INFORMATION, JOB POSTINGS, ON-SITE DIRECT RECRUITMENT, JOB EXPOS AND COMPUTER SKILLS CLASSES) AND JOBSEEKERS (INCLUDING CAREER COUNSELING, RESUME CRITIQUE, COMPUTER CLASSES, ACCESS TO LOCAL JOB POSTINGS, WORKSHOPS ON RELATED TOPICS AND A RESOURCE ROOM EQUIPPED WITH COMPUTERS, COPIER, FAX MACHINES, TELEPHONES, INTERNET ACCESS, AND STAFF ASSISTANCE).IN THIS FISCAL YEAR, MASSHIRE SPRINGFIELD CAREER CENTER PROMOTED CAREER OPPORTUNITIES BY PROVIDING EDUCATIONAL PROGRAMS, CAREER COUNSELING, AND RECRUITING SERVICES TO 10,504 JOBSEEKERS AND 859 BUSINESSES.

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
43
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
6
$262,087
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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