MASSHIRE HAMPDEN COUNTY WORKFORCE … - Form 990 Financial Data

🔒

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

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

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

MASSHIRE HAMPDEN COUNTY WORKFORCE BOARD, INC. PLANS, COORDINATES AND OVERSEES THE GROWTH AND EFFECTIVE USE OF PUBLIC AND PRIVATE INVESTMENT IN WORKFORCE DEVELOPMENT INITIATIVES FOR QUALITY JOBS. THE BOARD PROVIDES LEADERSHIP IN CREATING STRATEGIC ALLIANCES WITH BUSINESS, GOVERNMENT AND COMMUNITY ORGANIZATIONS TO PROVIDE ACCESS TO EDUCATION, TRAINING, AND EMPLOYMENT OPPORTUNITIES FOR ALL WORKERS, ESPECIALLY FOR LOW INCOME ADULTS AND YOUTH, DISADVANTAGED MINORITIES AND NEWCOMERS, DISLOCATED WORKERS, INCUMBENT WORKERS, AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $4,718,335

PROVIDED JOB SEARCH AND PLACEMENT ASSISTANCE, INTENSIVE WORKFORCE PREPARATION, AND TRAINING SERVICES TO ELIGIBLE ADULTS AND DISLOCATED WORKERS UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT...

PROVIDED JOB SEARCH AND PLACEMENT ASSISTANCE, INTENSIVE WORKFORCE PREPARATION, AND TRAINING SERVICES TO ELIGIBLE ADULTS AND DISLOCATED WORKERS UNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT CONTRACT. PROVIDED SERVICES TO LOW-INCOME IN-SCHOOL AND OUT-OF-SCHOOL YOUTH. THE PROGRAM PROVIDED SERVICES TO 1,046 INDIVIDUALS IN FYE 6/30/24.

Program 2

Expenses: $1,490,155

CAREER CENTER - PROVIDED UNIVERSAL ACCESS TO BASIC LABOR EXCHANGE SERVICES FOR JOB SEEKERS AND EMPLOYERS. IN FYE 6/30/24, 16,591 INDIVIDUALS USED THE CAREER CENTER'S SERVICES.

Program 3

Expenses: $2,335,806

FUNDED IMPLEMENTATION AND OVERSIGHT FOR YOUTH SUMMER JOBS. IN FYE 6/30/24, 926 YOUTHS RECEIVED SERVICES.

🔒

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%)

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$337,501

Total Directors

Key Employees

Highest Compensated

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

MASSHIRE HAMPDEN COUNTY WORKFORCE BOARD INC