WILDCAT SERVICE CORPORATION

EIN: 132725423 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$23,282,531
Total Expenses
$23,270,732
Total Assets
$7,795,856
Net Assets
$3,559,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
CHRISTINE MCMAHON
Phone
2122096000
Tax Period
2023-10-01 to 2024-09-30

WILDCAT SERVICE CORPORATION, founded in 1973, is a mid-sized nonprofit in the Employment sector that reported $23.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

WILDCAT CREATES ECONOMIC INDEPENDENCE FOR STRUCTURALLY UNEMPLOYED NEW YORKERS THROUGH WORKFORCE AND DEVELOPMENT STRATEGIES. SINCE ITS FOUNDING, WILDCAT HAS CONTINUED TO ADD INNOVATIVE SERVICES AND PROGRAMS CENTERED ON TRANSITIONAL EMPLOYMENT, JOB PLACEMENT AND WORKFORCE DEVELOPMENT TO HELP JUSTICE-INVOLVED INDIVIDUALS, THE HOMELESS, THE CHRONICALLY UNEMPLOYED AND PUBLIC ASSISTANCE RECIPIENTS ACHIEVE ECONOMIC WELLBEING. AS A PIONEER IN TRANSITIONAL EMPLOYMENT, WILDCAT TOUCHES THE LIVES OF TENS OF THOUSANDS OF JUSTICE-INVOLVED INDIVIDUALS AND THEIR FAMILIES. WILDCAT'S PROGRAMS RESTS ON THREE PILLARS: WELLNESS, COMMUNITY, AND ECONOMIC STABILITY. WILDCAT OPERATES AN ARRAY OF PROGRAMS DEDICATED TO PROVIDING SECOND CHANCES AND CHANGING THE LIVES OF THE PREVIOUSLY INCARCERATED. OUR MISSION: OUR MISSION IS TO SHIFT SYSTEMS TO CREATE OPPORTUNITIES FOR INDIVIDUALS AND COMMUNITIES THAT HAVE BEEN IMPACTED BY THE CRIMINAL LEGAL SYSTEM. OUR PHILOSOPHY: HOLISTIC, PERSON-CENTERED SERVICES ROOTED IN RESTORATIVE PRACTICES ARE CENTRAL TO FOSTERING LONG-TERM INDIVIDUAL AND SOCIETAL CHANGE. OUR APPROACH: WE IDENTIFY GAPS IN SERVING SYSTEMS AND CREATE TAILORED RESPONSES THAT FILL THE GAPS, MEET INDIVIDUAL NEEDS AND ADVANCE BROAD-BASED CHANGE.

Program Service Accomplishments

Program 1
Expenses: $15,648,134 Revenue: $20,320,841

ECONOMIC DEVELOPMENT: WILDCAT PARTNERS WITH LOCAL AND STATE GOVERNMENT, COMMUNITY BASED ORGANIZATIONS AND BUSINESS IMPACT DISTRICTS TO IMPROVE THE QUALITY OF LIFE IN NEW YORK CITY. WILDCAT'S...

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ECONOMIC DEVELOPMENT: WILDCAT PARTNERS WITH LOCAL AND STATE GOVERNMENT, COMMUNITY BASED ORGANIZATIONS AND BUSINESS IMPACT DISTRICTS TO IMPROVE THE QUALITY OF LIFE IN NEW YORK CITY. WILDCAT'S NEIGHBORHOOD IMPROVEMENT PROGRAM (NIP) PROVIDES WORK-READINESS, JOB TRAINING AND EMPLOYMENT SERVICES. NIP'S FRIENDLY AND DEDICATED WORK TEAMS RECOGNIZABLE IN THEIR BRIGHT GREEN SHIRTS PROVIDE COMPREHENSIVE CLEANING SERVICES TO ENSURE CLEANER, SAFER NEIGHBORHOODS AND BUSINESS IMPROVEMENT DISTRICTS. THESE FULL TIME AND TRANSITIONAL JOBS HELP INDIVIDUALS DEVELOP THEIR RESUME AND BUILD THE SKILLS REQUIRED TO ACHIEVE LONG TERM ECONOMIC WELL-BEING.

Program 2
Expenses: $1,263,695 Revenue: $1,441,801

PRESIDENT/CEO, CHRISTINE MCMAHON PARTICIPATES IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2023 WAS...

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PRESIDENT/CEO, CHRISTINE MCMAHON PARTICIPATES IN FEDCAP'S SUPPLEMENTAL NONQUALIFIED SECTION 457(F) RETIREMENT PLAN. THE EMPLOYER CONTRIBUTION TO THE SECTION 457(F) PLAN IN CALENDAR YEAR 2023 WAS $130,000; THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C.

Program 3
Expenses: $583,216 Revenue: $167,235

WILDCAT PROVIDES BROAD MENTAL HEALTH AND WELLNESS SERVICES TO ITS PARTICIPANTS. THE CHELTON LOFT, LOCATED IN HARLEM, NEW YORK, ASSISTS MEN AND WOMEN COPING WITH SERIOUS MENTAL ILLNESS THAT WANT A...

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WILDCAT PROVIDES BROAD MENTAL HEALTH AND WELLNESS SERVICES TO ITS PARTICIPANTS. THE CHELTON LOFT, LOCATED IN HARLEM, NEW YORK, ASSISTS MEN AND WOMEN COPING WITH SERIOUS MENTAL ILLNESS THAT WANT A PLACE WHERE THEY CAN GO, RECEIVE HELP AND TRAINING, AND DEVELOP A SENSE OF COMMUNITY. MEMBERS AND STAFF WORK TOGETHER TO CREATE AN ENVIRONMENT THAT SUPPORTS PEOPLE'S GROWTH AND DEVELOPMENT. TO BECOME A MEMBER AN INDIVIDUAL MUST HAVE BEEN DIAGNOSED WITH A MENTAL ILLNESS, BE 18 YEARS OR OLDER, AND LIVE IN NEW YORK CITY. THE CHELTON LOFT CHARGES NO FEE TO JOIN. IN ADDITION, WILDCAT OPERATES THE ENABLE PROGRAM IN NEW JERSEY. ENABLE PROVIDES OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES TO REACH THEIR FULL POTENTIAL BY FINDING AND RETAINING A JOB IN THE COMMUNITY, AT A COMPETITIVE WAGE, WORKING ALONGSIDE THEIR NEIGHBOR. ENABLE ASSISTS PEOPLE WITH DISABILITIES TO FIND AND MAINTAIN JOBS IN THE COMMUNITY THROUGH A NETWORK OF SUPPORT SERVICES. SUPPORT IS TAILORED TO MEET THE INDIVIDUAL NEEDS OF EACH PARTICIPANT AND IS OFFERED THROUGH EVERY PHASE OF THE JOB SEARCH. OUR STAFF HELPS FACILITATE CAREER GOALS, DECIDED BY THE CLIENT AND THEIR DVR COUNSELOR. STAFF ASSISTS WITH COMPLETING JOB APPLICATION FORMS, PROVIDING ESCORT FOR JOB INTERVIEWS, TRAVEL INSTRUCTION AND HELPING TO ORIENT CLIENTS TO THE WORKPLACE AND SUPERVISORY EXPECTATIONS. ENABLE ALSO PROVIDES INDIVIDUALIZED TRAINING AT THE JOB SITE AND LONG-TERM FOLLOW-UP.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,352,654
Program Service Revenue $21,929,877
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,282,531

Expense Breakdown

Grants Paid $267,509
Salaries & Benefits $18,953,432
Fundraising Expenses $175
Program Expenses $17,495,045
Other Expenses $4,049,791
TOTAL EXPENSES $23,270,732

Year-over-Year Comparison

2023 2022 Change
Revenue $23,282,531 $20,951,158 +0.1%
Expenses $23,270,732 $21,804,689 +0.1%
Net Income $11,799 $-853,531 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
391
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
5
$1,686,125
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON TOROK BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY SETTERGREN BOARD MEMBER 1.00
Director
$0 $0 $0
GENE WADDY CHAIR 1.00
Officer Director
$0 $0 $0
MIQUAN LAMMY BOARD MEMBER 1.00
Director
$0 $0 $0
DAWN RAVELLA BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL TREMONTE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SHANIES BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 1.00
Officer
$0 $151,561 $891,927
CAROL KHOURY CFO OF FEDCAP 1.00
Officer
$0 $8,517 $347,921
KENNETH S BREZENOFF GEN. COUNSEL & VP STRAT. INIT. 1.00
Officer
$0 $18,802 $262,175
EDWARD BOLOGNINI EXECUTIVE DIRECTOR 8.00
Officer
$0 $22,703 $184,102
KATE MCMAHON DIRECTOR OF WOMEN'S PROJECT 40.00
Highest
$0 $5,494 $160,554
DAVID SATURN DIR. OF SOCIAL ENTERPRISE 40.00
Highest
$0 $26,332 $140,362
JOSE VALENTIN SUPR PORTER FOREMAN 40.00
Highest
$101,551 $171 $101,722
ALBERT CHESTNUT SUPR PORTER FOREMAN 40.00
Highest
$101,536 $3,210 $104,746
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 $23,282,531 $23,270,732 $7,795,856 $11,799
2023 $20,951,158 $21,804,689 $10,561,238 $-853,531
2022 $23,389,866 $23,784,163 $7,850,952 $-394,297
2021 $26,956,331 $23,672,930 $10,320,090 $3,283,401
2020 $24,408,108 $23,367,647 $6,670,480 $1,040,461
2019 $17,083,210 $15,738,799 $7,179,698 $1,344,411
2018 $13,423,902 $12,951,389 $4,648,065 $472,513
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