Massachusetts Coalition for Independent Work Inc (EIN 854218737) - 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

2020

Legal Domicile

Principal Officer

Darrin Lim

Phone

4159032800

Tax Period

2024-01-01 to 2024-12-31

Massachusetts Coalition for Independent Work Inc, founded in 2020, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $11.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

Educate the public, legislators, and regulatory entities about existing and proposed laws and policies in Massachusetts that impact the business climate and economic opportunities of independent drivers to earn income in the transportation network and delivery network industries in a manner that is consistent with the antitrust laws

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,773,579

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,773,579

Expense Breakdown

Grants Paid $22,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,006,856

Other Expenses $11,913,202

TOTAL EXPENSES $11,936,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,773,579	$4,908,159	+1.0%
Expenses	$11,936,052	$8,359,768	+0.4%
Net Income	$-2,162,473	$-3,451,609	-0.4%

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

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
Brendan Joyce	Chairperson/Director	5.00	Officer Director	$0	$0	$0
Tom McNeil	Secretary/Director	5.00	Officer Director	$0	$0	$0
Joshua Gold	Director	5.00	Director	$0	$0	$0
Darrin Lim	Treasurer	5.00	Officer	$0	$0	$0
Katherine Rodriguez	Director	5.00	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
2024	$9,773,579	$11,936,052	$38,682	$-2,162,473
2023	$4,908,159	$8,359,768	$308,558	$-3,451,609
2022	$11,109,150	$21,823,621	$3,760,167	$-10,714,471
2021	$18,457,833	$4,453,195	$14,474,638	$14,004,638
2020	$470,000	No data	$470,000	No data

Massachusetts Coalition for Independent Work Inc