Merrimack Valley Workforce Investment Board Inc
Nonprofit profile at a glance
- EIN
- 800611253
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024, Form 990-N 2012
- Location
- Lawrence, MA, USA
- Phone
- 9786827099
- Rating confidence
- Limited
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $0
- Expenses
- $1,535
- Assets
- $62,537
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- JOSEPH J BEVILACQUA (DIRECTOR)
- ELIZABETH GOGUEN (DIRECTOR)
- RON CONTRADO (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
The organization is winding down operations with the intent of dissolution at the end of fiscal year 2026.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 43
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 40.74; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -44.1% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: -28.9% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.