VOCATIONAL ADVANCEMENT CENTER INC

EIN: 141628984 501(c)(3) Employment

WATERTOWN, MA

Total Revenue
$1,142,496
Total Expenses
$1,121,103
Total Assets
$3,388,527
Net Assets
$3,340,250
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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
1981
Legal Domicile
MA
Phone
6179265201
Tax Period
2023-07-01 to 2024-06-30

VOCATIONAL ADVANCEMENT CENTER INC, founded in 1981, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $3.3M represent 35 months of operating reserves.

Mission

Vocational training for handicapped adults

Program Service Accomplishments

Program 1
Expenses: $545,817 Revenue: $642,331

Vocational training and supported center based work services for handicapped adults

Program 2
Expenses: $429,746 Revenue: $473,172

Mass Rehab Commission offsite employment of handicapped adults who successfully complete the training program, MRC North & SES & SHIP & South employment program

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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 $3,862
Program Service Revenue $1,115,503
Investment Income $23,131
Other Revenue $0
TOTAL REVENUE $1,142,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $895,039
Fundraising Expenses $0
Program Expenses $975,563
Other Expenses $226,064
TOTAL EXPENSES $1,121,103

Year-over-Year Comparison

2023 2022 Change
Revenue $1,142,496 $942,895 +0.2%
Expenses $1,121,103 $980,680 +0.1%
Net Income $21,393 $-37,785 -1.6%
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
7
Independent Members
7
Employees
35
Volunteers
6

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
0
$0
Total Directors
7
$101,203
Key Employees
1
$101,203
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY BELL EXECUTIVE DIRECTOR 38.00
Director Key Emp Highest
$101,203 $0 $101,203
RAY MELLONE FORMER PRESIDENT 0.00
Director
$0 $0 $0
CHARLES DOHERTY DIRECTOR 0.00
Director
$0 $0 $0
THOMAS LEETCH FORMER TREASURER 0.00
Director
$0 $0 $0
CHERYL BARRACLOUGH DIRECTOR 0.00
Director
$0 $0 $0
MARYANNE DWYER DIRECTOR 0.00
Director
$0 $0 $0
ALISON STANTON DIRECTOR 0.00
Director
$0 $0 $0
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 $1,142,496 $1,121,103 $3,388,527 $21,393
2023 $942,895 $980,680 $3,188,396 $-37,785
2022 $964,891 $852,483 $3,114,787 $112,408
2021 $648,822 $663,059 $3,133,664 $-14,237
2020 $733,495 $748,453 $3,091,570 $-14,958
2019 $739,962 $735,031 $3,012,057 $4,931
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