Greater Boston Manufacturing Partnership Inc
Nonprofit profile at a glance
- EIN
- 043256378
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Plymouth, MA, USA
- Phone
- 6173127702
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $3,510,517
- Expenses
- $3,681,774
- Assets
- $1,526,801
- Liabilities
- $508,233
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- BRUCE HAMILTON (PRESIDENT/CEO)
Highest reported compensation
- BRUCE HAMILTON (PRESIDENT/CEO): $377,586 total reported compensation
- RONALD PUJALTE (CI MANAGER): $323,812 total reported compensation
- DANIEL J FLEMING (DIRECTOR OF CONSULTING SERVICES): $286,631 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To sustain a strong and vibrant regional economy by improving the profitability and competitiveness of manufacturers and health care delivery organizations and their supporting infrastructure and other operations, through training in lean manufacturing and continuous improvement principles. Also to promote successful implementations and provide outreach to aid in investment decisions pertaining to client's operations and help perpetuate a positive future for the industry.
What it reported doing in 2024
The organization's personnel provide training in lean manufacturing and continuous improvement principles to manufacturing companies and health care delivery organizations in and around Massachusetts to preserve manufacturing jobs.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.2%; rating input score 80
- Program expense ratio: 77%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.9%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 43.5%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 80.2% of revenue deployed · 77% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $378K · 20 people listed · 4 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.