MERRIMACK VALLEY WORKFORCE INVESTMENT BOARD INC (EIN 800611253) - 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

2004

Legal Domicile

Principal Officer

JUAN YEPEZ

Phone

9786827099

Tax Period

2021-07-01 to 2022-06-30

MERRIMACK VALLEY WORKFORCE INVESTMENT BOARD INC, founded in 2004, is a small nonprofit in the Employment sector that reported $211K in total revenue in fiscal year 2021. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

TO EXPLORE AND INITIATE ACTIONS THAT WILL ENHANCE PRIVATE SECTOR INVOLVEMENT IN EMPLOYMENT AND TRAINING FOR THE BENEFIT OF THE ECONOMICALLY DISADVANTAGED AND OTHER ELIGIBLE INDIVIDUALS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $211,204

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,115

Fundraising Expenses $0

Program Expenses $206,115

Other Expenses $1,667

TOTAL EXPENSES $207,782

Year-over-Year Comparison

	2021	2020	Change
Revenue	$211,204	$139,826	+0.5%
Expenses	$207,782	$135,201	+0.5%
Net Income	$3,422	$4,625	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN YEPEZ	CHAIR	0.50	Officer Director	$0	$0	$0
ANN MARIE BORGESI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT WESTCOTT	TREASURER	0.50	Officer Director	$0	$0	$0
JEFF LINEHAN	CLERK	0.50	Officer Director	$0	$0	$0
EDWARD BARTKIEWICZ	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH J BEVILACQUA	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN BRENNAN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN BRUNO	DIRECTOR	0.50	Director	$0	$0	$0
RON CONTRADO	DIRECTOR	1.00	Director	$0	$0	$0
MARKO DUFFY	DIRECTOR	0.50	Director	$0	$0	$0
EVELYN FRIEDMAN	DIRECTOR	0.50	Director	$0	$0	$0
DR LANE GLENN	DIRECTOR	0.50	Director	$0	$0	$0
KEMELIN DOMENECH	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW HERLIHY	DIRECTOR	1.00	Director	$0	$0	$0
MS ROBIN HYNDS	DIRECTOR	0.50	Director	$0	$0	$0
SUPT JOHN LAVOIE	DIRECTOR	0.50	Director	$0	$0	$0
SUPT MAUREEN LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
JOSELYN MARTE	DIRECTOR	0.50	Director	$0	$0	$0
ROSA MUNOZ	DIRECTOR	0.50	Director	$0	$0	$0
CAROL REIMER	DIRECTOR	1.00	Director	$0	$0	$0
FRED SHAHEEN	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN WEINHOLD	DIRECTOR	0.50	Director	$0	$0	$0
CALVIN WILLIAMS	YOUTH COMMITTEE CHAIR	0.50	Officer Director	$0	$0	$0
MARK FORMAN	DIRECTOR	0.50	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
2022	$211,204	$207,782	$22,151	$3,422

MERRIMACK VALLEY WORKFORCE INVESTMENT BOARD INC