MASSHIRE HAMPDEN COUNTY WORKFORCE BOARD INC

EIN: 222489896 501(c)(3)

SPRINGFIELD, MA

Total Revenue
$14,607,976
Total Expenses
$14,473,915
Total Assets
$3,685,677
Net Assets
$1,698,545
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
PETER FARKAS
Phone
4137871547
Tax Period
2023-07-01 to 2024-06-30

MASSHIRE HAMPDEN COUNTY WORKFORCE BOARD INC, founded in 1983, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

COORDINATE AND OVERSEE WORKFORCE DEVELOPMENT INITIATIVES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,592,316
Program Service Revenue $0
Investment Income $1,127
Other Revenue $14,533
TOTAL REVENUE $14,607,976

Expense Breakdown

Grants Paid $12,441,909
Salaries & Benefits $1,699,768
Fundraising Expenses $0
Program Expenses $13,714,915
Other Expenses $332,238
TOTAL EXPENSES $14,473,915

Year-over-Year Comparison

2023 2022 Change
Revenue $14,607,976 $15,807,503 -0.1%
Expenses $14,473,915 $15,758,366 -0.1%
Net Income $134,061 $49,137 +1.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
25
Independent Members
25
Employees
30
Volunteers
33

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
$337,501
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEREDITH WISE DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA SAMRA CHAIR 1.00
Officer Director
$0 $0 $0
EUGENE CASSIDY DIRECTOR/TREASURER 1.00
Officer Director
$0 $0 $0
CRAIG BROWN DIRECTOR/CLERK 1.00
Officer Director
$0 $0 $0
JOHN COOK DIRECTOR 1.00
Director
$0 $0 $0
PAUL BAILEY DIRECTOR 1.00
Director
$0 $0 $0
CLEVELAND BURTON DIRECTOR 1.00
Director
$0 $0 $0
JOHN MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
MIKE GALAT DIRECTOR 1.00
Director
$0 $0 $0
FIORE GRASSETTI DIRECTOR 1.00
Director
$0 $0 $0
SPIROS HATIRAS DIRECTOR 1.00
Director
$0 $0 $0
HENRY THOMAS DIRECTOR (END 12/2023) 1.00
Director
$0 $0 $0
KEN MESSINA DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY PLANTE DIRECTOR (END 9/2023) 1.00
Director
$0 $0 $0
JEFFREY SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
KERMIT DUNKELBERG DIRECTOR 1.00
Director
$0 $0 $0
ELLEN CUMMINGS DIRECTOR 1.00
Director
$0 $0 $0
GINA GOLASH-KOS DIRECTOR 1.00
Director
$0 $0 $0
NADIM KASHOUH DIRECTOR (END 12/2023) 1.00
Director
$0 $0 $0
EDWARD DEMETRION DIRECTOR 1.00
Director
$0 $0 $0
JACOB WAAH DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE ROYAL DIRECTOR (END 7/2023) 1.00
Director
$0 $0 $0
DANIEL BUTTERFIELD DIRECTOR 1.00
Director
$0 $0 $0
KESHAWN DODDS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN KASA DIRECTOR 1.00
Director
$0 $0 $0
EDWARD O'KEEFE DIRECTOR 1.00
Director
$0 $0 $0
WENDY ANDINO-WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
GEORGE TIMMONS DIRECTOR (START 12/2023) 1.00
Director
$0 $0 $0
CATHY BUONO DIRECTOR 1.00
Director
$0 $0 $0
DAVID CRUISE PRESIDENT & CEO (END 4/19/24) 37.50
Officer
$152,242 $23,895 $176,137
DIANA CARR VP & COMPTROLLER 37.50
Officer
$128,185 $33,179 $161,364
PETER FARKAS PRESIDENT & CEO (START 3/18/24) 37.50
Officer
$0 $0 $0
STEVEN TRUEMAN VP WORKFORCE OPERATIONS 37.50
Highest
$125,086 $39,406 $164,492
EDDA JOHNSON MANAGING DIRECTOR OF CC SERVICES 37.50
Highest
$100,977 $15,903 $116,880
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 $14,607,976 $14,473,915 $3,685,677 $134,061
2023 $15,807,503 $15,758,366 $3,429,463 $49,137
2022 $13,329,757 $13,282,909 $3,346,725 $46,848
2021 $13,358,164 $13,331,565 $3,283,540 $26,599
2020 $10,687,407 $10,704,552 $2,539,198 $-17,145
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MASSHIRE HAMPDEN COUNTY WORKFORCE BOARD INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.