SPRINGFIELD, MA
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)EDC 413WORKS INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $858K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $830K left a modest 3% surplus.
TO CARRY OUT THE CHARITABLE PURPOSES OF THE ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS, INC. BY IDENTIFYING AND ADDRESSING COMMUNITY & REGIONAL PROBLEMS IN THE AREAS OF WORKFORCE DEVELOPMENT, HEALTH CARE AND FINANCIAL LITERACY, ESPECIALLY IN MINORITY COMMUNITIES AND NEIGHBORHOODS OF POVERTY.
ASSISTED THE ECONOMIC DEVELOPMENT COUNCIL OF MA WITH ITS SPRINGFIELD WORKS/WORKING CITIES PROGRAM THE GOAL OF WHICH IS TO INCREASE THE LABOR FORCE PARTICIPATION OF VARIOUS CITIES IN WESTERN...
ASSISTED THE ECONOMIC DEVELOPMENT COUNCIL OF MA WITH ITS SPRINGFIELD WORKS/WORKING CITIES PROGRAM THE GOAL OF WHICH IS TO INCREASE THE LABOR FORCE PARTICIPATION OF VARIOUS CITIES IN WESTERN MASSACHUSETTS, AND CREATE THE CONDITIONS FOR ECONOMIC MOBILITY. THE PROGRAM AIMED TO IMPROVE WORKFORCE SYSTEMS, CREATE NEW FRAMEWORKS TO GUIDE THE WORKFORCE SYSTEM, INFLUENCE EMPLOYER HIRING AND WORKER ADVANCEMENT PRACTICES, AND IMPROVE THE EFFECTIVENESS OF TRAINERS WORKING TO ENHANCE THE SKILLS OF LOW-INCOME JOB SEEKERS.
ANCHOR COLLABORATIVE- EDC 413WORKS PARTNERED WITH BAYSTATE HEALTH SYSTEM, WHICH IS ALSO A 501(C)(3) ORGANIZATION TO INCREASE LOCAL PROCUREMENT OPPORTUNITIES FOR WOMEN AND MINORITY OWNED BUSINESSES...
ANCHOR COLLABORATIVE- EDC 413WORKS PARTNERED WITH BAYSTATE HEALTH SYSTEM, WHICH IS ALSO A 501(C)(3) ORGANIZATION TO INCREASE LOCAL PROCUREMENT OPPORTUNITIES FOR WOMEN AND MINORITY OWNED BUSINESSES AND TO PROPEL HIRING AND CAREER PATHWAYS FOR MINORITY AND LOW INCOME POPULATIONS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $858,049 | $767,283 | +0.1% |
| Expenses | $830,113 | $777,583 | +0.1% |
| Net Income | $27,936 | $-10,300 | -3.7% |
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| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PATRICIA CANAVAN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH NESBITT | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANNE KANDILIS | CLERK & EXEC. DIRECTOR | 37.50 |
Officer
Director
|
$0 | $26,805 | $198,043 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $858,049 | $830,113 | $832,599 | $27,936 |
| 2023 | $767,283 | $777,583 | $490,834 | $-10,300 |
| 2023 | $767,283 | $777,583 | $490,834 | $-10,300 |
| 2022 | $336,025 | $244,501 | $309,309 | $91,524 |
Compare EDC 413WORKS INC with other nonprofits in Massachusetts and across the country.