WE REACH INC

EIN: 873663160 501(c)(3) Employment

EAST BOSTON, MA

Total Revenue
$626,561
Total Expenses
$554,539
Total Assets
$180,917
Net Assets
$123,809
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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
2021
Legal Domicile
MA
Principal Officer
JOSE PEREZ
Phone
8575575138
Tax Period
2024-01-01 to 2024-12-31

WE REACH INC, founded in 2021, is a small nonprofit in the Employment sector that reported $627K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $555K left a modest 11% surplus.

Mission

TO PROMOTE, FACILITATE, AND CARRY OUT JOB TRAINING FOR LOW-INCOME AND HISTORICALLY UNDER-REPRESENTED MEMBERS OF THE POPULATION IN ORDER TO RENDER THEM ELIGIBLE FOR EMPLOYMENT IN SPECIALIZED SECTORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $610,296
Program Service Revenue $16,265
Investment Income $0
Other Revenue $0
TOTAL REVENUE $626,561

Expense Breakdown

Grants Paid $0
Salaries & Benefits $252,982
Fundraising Expenses $0
Program Expenses $521,667
Other Expenses $301,557
TOTAL EXPENSES $554,539

Year-over-Year Comparison

2024 2023 Change
Revenue $626,561 $579,222 +0.1%
Expenses $554,539 $531,614 +0.0%
Net Income $72,022 $47,608 +0.5%
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

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Governance

Voting Members
3
Independent Members
1
Employees
7
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
2
$129,542
Total Directors
3
$129,542
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MORRISETTE Secretary 30.00
Officer Director
$98,742 $0 $98,742
JOSE PEREZ President 25.00
Officer Director
$30,800 $0 $30,800
DOLLY MARCELA VELEZ 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
2024 $626,561 $554,539 $180,917 $72,022
2023 $579,222 $531,614 $137,229 $47,608
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