MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION (EIN 204407846) - 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

2006

Legal Domicile

Principal Officer

ANDREA PION

Phone

5082292010

Tax Period

2023-07-01 to 2024-06-30

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.0M left a modest 4% surplus.

Mission

TO ENHANCE THE POSITION, IMAGE, AND PERCEPTION OF MARLBOROUGH.

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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 $1,040,121

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,040,121

Expense Breakdown

Grants Paid $102,711

Salaries & Benefits $336,998

Fundraising Expenses $0

Program Expenses $754,608

Other Expenses $563,107

TOTAL EXPENSES $1,002,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,040,121	$1,008,194	+0.0%
Expenses	$1,002,816	$903,545	+0.1%
Net Income	$37,305	$104,649	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$115,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA PION	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID WALTON	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL STANHOPE	TREASURER	1.00	Officer Director	$0	$0	$0
ARTHUR VIGEANT	FORMER EXECUTIVE COMMITTEE/DIRECTOR EMERITUS	1.00	Officer Director	$0	$0	$0
MICHAEL OSSING	EXECUTIVE COMMITTEE/DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM PEZZONI	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
RICHARD TOMANEK	EXECUTIVE COMMITTEE/DIRECT	1.00	Officer Director	$0	$0	$0
LUIZ THOMAZ	EXECUTIVE COMMITTEE/DIRECTOR	1.00	Officer Director	$0	$0	$0
BRIAN BOUVIER	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN CARLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
WALTER DWYER	DIRECTOR	1.00	Director	$0	$0	$0
MELYNDA GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
GREG MITRAKAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MCCAY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MOHIELDIN FRATONI	DIRECTOR	1.00	Director	$0	$0	$0
JOE SANTOS	EXECUTIVE COMMITTEE/DIRECT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER HORBLIT	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA AUGUST	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MESSINEO	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ULISS	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY BRODEUR NESBITT	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR BERGERON	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
ROBERT KAYS	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JON PEZZONI	DIRECTOR	1.00	Director	$0	$0	$0
LARISSA THURSTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MURPHY	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
J CHRISTIAN DUMAIS	EXECUTIVE COMMITTEE/DIRECT	1.00	Officer Director	$0	$0	$0
DHARMENDU DAMANY	DIRECTOR	1.00	Director	$0	$0	$0
TYE JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN SCHNEIDMULLER	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS KEMBLOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE PHELAN	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH HARRIS	EXECUTIVE DIRECTOR	40.00	Officer	$115,158	$0	$115,158

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	$1,040,121	$1,002,816	$1,470,550	$37,305
2023	$1,008,194	$903,545	$1,473,656	$104,649
2022	$715,511	$736,516	$2,378,355	$-21,005
2021	$641,706	$757,220	$2,370,624	$-115,514
2020	$1,104,323	$741,244	$2,006,385	$363,079
2019	$673,497	$714,715	$1,634,921	$-41,218

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION