WATERBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW OPPORTUNITIES INC, founded in 1964, is a mid-sized nonprofit that reported $42.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.
TO IMPROVE THE QUALITY OF LIFE FOR ECONOMICALLY DISADVANTAGED INDIVIDUALS BY PROVIDING THE NECESSARY RESOURCES TO INCREASE THEIR STANDARD OF LIVING, FOSTER SELF IMPROVEMENT, AND TO MAXIMIZE SELF EMPOWERMENT.
ENERGY PROGRAMS: ENERGY PROGRAMS INCLUDES CONNECTICUT ENERGY ASSISTANCE PROGRAM, WATER ASSISTANCE PROGRAM, AND WEATHERIZATION SERVICES. CONNECTICUT ENERGY AND WATER ASSISTANCE PROGRAMS PROVIDES HEAT...
ENERGY PROGRAMS: ENERGY PROGRAMS INCLUDES CONNECTICUT ENERGY ASSISTANCE PROGRAM, WATER ASSISTANCE PROGRAM, AND WEATHERIZATION SERVICES. CONNECTICUT ENERGY AND WATER ASSISTANCE PROGRAMS PROVIDES HEAT AND WATER ASSISTANCE FOR LOW-INCOME RENTERS AND HOMEOWNERS. 48,121 PEOPLE RECEIVED ASSISTANCE WITH THEIR UTILITIES BILLS UNDER CONNECTICUT ENERGY AND WATER ASSISTANCE PROGRAMS. WEATHERIZATION SERVICES PROVIDES HELP TO HOUSEHOLDS TO DECREASE ENERGY CONSUMPTION. 164 HOUSEHOLDS WERE ABLE TO DECREASE THEIR HOME ENERGY CONSUMPTION BY USING WEATHERIZATION SERVICES
ELDERLY: ELDERLY PROGRAM INCLUDES NUTRITIONAL SERVICES BY PROVIDING HOT MEALS TO SENIOR CITIZENS AND HOMECARE SERVICES, INCLUDING RETIRED SENIOR VOLUNTARY PROGRAM, FOSTER GRANDPARENT PROGRAM, SENIOR...
ELDERLY: ELDERLY PROGRAM INCLUDES NUTRITIONAL SERVICES BY PROVIDING HOT MEALS TO SENIOR CITIZENS AND HOMECARE SERVICES, INCLUDING RETIRED SENIOR VOLUNTARY PROGRAM, FOSTER GRANDPARENT PROGRAM, SENIOR COMPANION PROGRAM AND OTHERS. 2,677 SENIOR INDIVIDUALS RECEIVED PREPARED MEALS DURING THE YEAR AND 2,609 INDIVIDUALS/FAMILIES RECEIVED FOOD DURING THE YEAR.
COMMUNITY SERVICES: COMMUNITY SERVICES PROVIDES WORK READINESS ASSISTANCE, EMPLOYMENT TRAINING, CORONAVIRUS AID, AND CASE MANAGEMENT SERVICES FOR LOW-INCOME INDIVIDUALS. OPERATES THREE FAMILY...
COMMUNITY SERVICES: COMMUNITY SERVICES PROVIDES WORK READINESS ASSISTANCE, EMPLOYMENT TRAINING, CORONAVIRUS AID, AND CASE MANAGEMENT SERVICES FOR LOW-INCOME INDIVIDUALS. OPERATES THREE FAMILY DEVELOPMENT CENTERS IN WATERBURY, MERIDEN, AND TORRINGTON, CONNECTICUT. 941 LOW-INCOME PEOPLE RECEIVED ACADEMIC OR EMPLOYMENT TRAINING. ALSO, 3,268 INDIVIDUALS RECEIVED CASE MANAGEMENT SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $42,009,716 | $45,934,854 | -0.1% |
| Expenses | $42,249,983 | $45,779,180 | -0.1% |
| Net Income | $-240,267 | $155,674 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIAM R RYBCZYK | PRESIDENT/CEO | 40.00 |
Officer
|
$267,048 | $14,477 | $281,525 |
| MARK E KOVITCH CPA | CFO | 40.00 |
Officer
|
$148,405 | $29,400 | $177,805 |
| OMAR ANDUJOR | CHIEF ADMINISTRATIVE OFFIC | 40.00 |
Officer
|
$116,169 | $518 | $116,687 |
| JOANNE BALASCHAK | DIRECTOR OF ENERGY SERVICE | 40.00 |
Highest
|
$141,535 | $7,697 | $149,232 |
| JAMES H GATLING PHD | FORMER PRESIDENT/CEO | 1.00 |
|
$100,009 | $51 | $100,060 |
| MELISSA GREEN | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BELINDA WEAVER | VICE CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VICTOR LOPEZ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARITZA RIVERA | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BURRUS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DORA BENNETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY CONKLIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENEEN FRYER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOYCE KENNEDY JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHERYL FLANAGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GAYLYNN HADLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE SAAVEDRA-SLAPPEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSA CARLASCIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHELSEY HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALICIA DEBARROWS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA HURLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SONYA JELKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $42,009,716 | $42,249,983 | $16,308,791 | $-240,267 |
| 2023 | $45,934,854 | $45,779,180 | $15,433,002 | $155,674 |
| 2022 | $47,240,865 | $47,290,011 | $13,509,007 | $-49,146 |
| 2021 | $43,801,521 | $41,747,027 | $9,496,860 | $2,054,494 |
| 2020 | $37,123,244 | $35,318,180 | $8,781,118 | $1,805,064 |
| 2019 | $32,066,917 | $32,476,737 | $7,339,931 | $-409,820 |
| 2018 | $30,864,740 | $30,990,736 | $8,291,781 | $-125,996 |
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