Masshire Hampden County Workforce Board Inc
Masshire Hampden County Workforce Board: Strong Program Spending, but Transparency Lacking
EIN: 222489896 · Springfield, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $14.5M |
| Program Spending | 99% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Masshire Hampden County Workforce Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masshire Hampden County Workforce Board Inc directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masshire Hampden County Workforce Board Inc
Masshire Hampden County Workforce Board Inc (EIN: 222489896) is a nonprofit organization based in Springfield, MA. The organization reported total revenue of $14.2M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masshire Hampden County Workforce Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masshire Hampden County Workforce Board Inc is a large nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $14.5M |
| Surplus / Deficit | +$134K |
| Total Assets | $3.7M |
| Total Liabilities | $2.0M |
| Net Assets | $1.7M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 53.9% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2024, Masshire Hampden County Workforce Board Inc reported a surplus of $134K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 53.9% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Masshire Hampden County Workforce Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.6% | -8.2% | +7.5% |
| 2023 | +18.6% | +18.6% | +2.5% |
| 2022 | -0.2% | -0.4% | +1.9% |
| 2021 | +25.0% | +24.5% | +29.3% |
| 2020 | -1.7% | -1.3% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masshire Hampden County Workforce Board Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Masshire Hampden County Workforce Board Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.9%.
Executive Compensation Analysis
Executive compensation details are not readily available in the provided data, preventing a specific assessment of individual salaries against organizational revenue or similar roles in the sector.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Masshire Hampden County Workforce Board Inc's IRS 990 filings:
- Lack of easily accessible detailed financial reports or annual reports on their website beyond the IRS Form 990.
- No clear information regarding board governance practices, such as board meeting minutes or conflict of interest policies, is publicly available.
Strengths
The following positive indicators were identified for Masshire Hampden County Workforce Board Inc:
- Consistently high program spending (over 99% of expenses) demonstrates a strong commitment to its mission.
- Healthy asset growth from $2,351,362 in 2017 to $4,073,993 in 2024, indicating financial stability.
- Low fundraising expenses, suggesting efficient resource allocation.
Frequently Asked Questions about Masshire Hampden County Workforce Board Inc
Is Masshire Hampden County Workforce Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Masshire Hampden County Workforce Board Inc (EIN: 222489896) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Masshire Hampden County Workforce Board Inc spend its money?
Masshire Hampden County Workforce Board Inc directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Masshire Hampden County Workforce Board Inc tax-deductible?
Masshire Hampden County Workforce Board Inc is registered as a tax-exempt nonprofit (EIN: 222489896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Masshire Hampden County Workforce Board Inc located?
Masshire Hampden County Workforce Board Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222489896.
How many years of IRS 990 filings does Masshire Hampden County Workforce Board Inc have?
Masshire Hampden County Workforce Board Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $14.2M in total revenue.
What does Masshire Hampden County Workforce Board Inc do?
Masshire Hampden County Workforce Board Inc is a nonprofit organization in the Unknown sector, located in Springfield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Masshire Hampden County Workforce Board Inc have?
Masshire Hampden County Workforce Board Inc reported total revenue of $14,160,034. Based on 13 IRS 990 filings on record.
What are Masshire Hampden County Workforce Board Inc's total assets?
Masshire Hampden County Workforce Board Inc holds total assets of $4,073,993 as reported in IRS 990 filings.
Where is Masshire Hampden County Workforce Board Inc located?
Masshire Hampden County Workforce Board Inc is based in Springfield, Massachusetts.
What is Masshire Hampden County Workforce Board Inc's EIN?
Masshire Hampden County Workforce Board Inc's Employer Identification Number (EIN) is 222489896. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Masshire Hampden County Workforce Board Inc?
Masshire Hampden County Workforce Board Inc is classified under NTEE code Unknown (Unknown).
Is Masshire Hampden County Workforce Board Inc a registered 501(c)(3)?
Masshire Hampden County Workforce Board Inc appears in IRS records (EIN: 222489896). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Masshire Hampden County Workforce Board Inc file IRS Form 990?
Yes, Masshire Hampden County Workforce Board Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Masshire Hampden County Workforce Board Inc's revenue in 2024?
In the 202406 filing period, Masshire Hampden County Workforce Board Inc reported total revenue of $14,607,976, total expenses of $14,473,915, and net assets of $3,685,677.
Is Masshire Hampden County Workforce Board Inc's revenue growing or declining?
Masshire Hampden County Workforce Board Inc's revenue is declining. Revenue went from $15,807,503 (202306) to $14,607,976 (202406), a -7.6% change. Based on 13 filings on record.
What is Masshire Hampden County Workforce Board Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Masshire Hampden County Workforce Board Inc covers tax period 202406. It shows revenue of $14,607,976, expenses of $14,473,915, total assets of $3,685,677, and liabilities of $1,987,132.
How much does Masshire Hampden County Workforce Board Inc spend on programs vs administration?
Based on IRS 990 analysis, Masshire Hampden County Workforce Board Inc allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Masshire Hampden County Workforce Board Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Masshire Hampden County Workforce Board Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Masshire Hampden County Workforce Board Inc?
The following concerns were identified: Lack of easily accessible detailed financial reports or annual reports on their website beyond the IRS Form 990.. No clear information regarding board governance practices, such as board meeting minutes or conflict of interest policies, is publicly available.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Masshire Hampden County Workforce Board Inc's strengths?
Positive indicators for Masshire Hampden County Workforce Board Inc include: Consistently high program spending (over 99% of expenses) demonstrates a strong commitment to its mission.. Healthy asset growth from $2,351,362 in 2017 to $4,073,993 in 2024, indicating financial stability.. Low fundraising expenses, suggesting efficient resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Masshire Hampden County Workforce Board Inc compensate executives?
Executive compensation details are not readily available in the provided data, preventing a specific assessment of individual salaries against organizational revenue or similar roles in the sector. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high program spending, what specific metrics does Masshire Hampden County Workforce Board use to evaluate the effectiveness and impact of its workforce development programs on the community?
While the financial data indicates strong program expenditure, the available information does not detail specific outcome metrics or impact assessments used by the organization to measure the success of its workforce development initiatives.
How does Masshire Hampden County Workforce Board ensure that its administrative expenses, consistently around 1% of total expenses, are sufficient to maintain robust oversight, compliance, and strategic planning functions?
The extremely low administrative expense ratio suggests highly efficient operations, but without further detail, it's unclear how the organization allocates resources to ensure adequate support for critical functions like compliance, IT infrastructure, and strategic development, which are vital for long-term sustainability and effectiveness.
Filing History
IRS 990 filing history for Masshire Hampden County Workforce Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Masshire Hampden County Workforce Board Inc's revenue has grown by 10.3%, moving from $13.2M to $14.6M. Total assets increased by 47.4% over the same period, from $2.5M to $3.7M. Total functional expenses rose by 8.8%, from $13.3M to $14.5M. In its most recent filing year (2024), Masshire Hampden County Workforce Board Inc reported a surplus of $134K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $3.7M in assets (debt-to-asset ratio: 53.9%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $14.6M | $14.5M | $3.7M | $2.0M | — | View 990 |
| 2023 | $15.8M | $15.8M | $3.4M | $1.9M | — | View 990 |
| 2022 | $13.3M | $13.3M | $3.3M | $1.8M | — | View 990 |
| 2021 | $13.4M | $13.3M | $3.3M | $1.8M | — | View 990 |
| 2020 | $10.7M | $10.7M | $2.5M | $1.1M | — | View 990 |
| 2019 | $10.9M | $10.8M | $2.4M | $946K | — | View 990 |
| 2018 | $10.3M | $10.2M | $2.4M | $960K | — | View 990 |
| 2017 | $11.3M | $11.1M | $2.4M | $987K | — | View 990 |
| 2016 | $12.6M | $12.7M | $2.5M | $1.3M | — | View 990 |
| 2015 | $11.2M | $11.1M | $2.7M | $1.4M | — | View 990 |
| 2014 | $11.3M | $11.2M | $2.7M | $1.6M | — | View 990 |
| 2013 | $11.3M | $11.4M | $2.2M | $1.3M | — | View 990 |
| 2012 | $13.2M | $13.3M | $2.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14.6M, expenses of $14.5M, and assets of $3.7M (revenue -7.6% year-over-year).
- 2023: Revenue of $15.8M, expenses of $15.8M, and assets of $3.4M (revenue +18.6% year-over-year).
- 2022: Revenue of $13.3M, expenses of $13.3M, and assets of $3.3M (revenue -0.2% year-over-year).
- 2021: Revenue of $13.4M, expenses of $13.3M, and assets of $3.3M (revenue +25.0% year-over-year).
- 2020: Revenue of $10.7M, expenses of $10.7M, and assets of $2.5M (revenue -1.7% year-over-year).
- 2019: Revenue of $10.9M, expenses of $10.8M, and assets of $2.4M (revenue +5.4% year-over-year).
- 2018: Revenue of $10.3M, expenses of $10.2M, and assets of $2.4M (revenue -8.4% year-over-year).
- 2017: Revenue of $11.3M, expenses of $11.1M, and assets of $2.4M (revenue -10.8% year-over-year).
- 2016: Revenue of $12.6M, expenses of $12.7M, and assets of $2.5M (revenue +12.5% year-over-year).
- 2015: Revenue of $11.2M, expenses of $11.1M, and assets of $2.7M (revenue -0.8% year-over-year).
- 2014: Revenue of $11.3M, expenses of $11.2M, and assets of $2.7M (revenue +0.5% year-over-year).
- 2013: Revenue of $11.3M, expenses of $11.4M, and assets of $2.2M (revenue -15.0% year-over-year).
- 2012: Revenue of $13.2M, expenses of $13.3M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masshire Hampden County Workforce Board Inc:
Data Sources and Methodology
This transparency report for Masshire Hampden County Workforce Board Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.