New York City Head Start Management Welfare Fund

EIN: 133794644

NEW YORK, NY

Total Revenue
$49,746
Total Expenses
$185,662
Total Assets
$477,423
Net Assets
$435,920
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
CYNTHIA CUMMINGS
Phone
2126262644
Tax Period
2023-01-01 to 2023-12-31

New York City Head Start Management Welfare Fund, founded in 1994, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $186K exceeded revenue, resulting in a 273% operating deficit.

Mission

TO PROVIDE WELFARE BENEFITS TO THE MANAGEMENT AND OTHER NON-UNION EMPLOYEES OF PARTICIPATING HEAD START AGENCIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,200
Investment Income $12,546
Other Revenue $0
TOTAL REVENUE $49,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $102,380
TOTAL EXPENSES $185,662

Year-over-Year Comparison

2023 2022 Change
Revenue $49,746 $54,525 -0.1%
Expenses $185,662 $179,943 +0.0%
Net Income $-135,916 $-125,418 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andre Lake TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA CUMMINGS TRUSTEE 1.00
Director
$0 $0 $0
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
2023 $49,746 $185,662 $477,423 $-135,916
2022 $54,525 $179,943 $581,292 $-125,418
2021 $172,373 $223,104 $828,067 $-50,731
2020 $74,215 $220,032 $1,000,267 $-145,817
2019 $96,824 $169,280 $985,015 $-72,456
2018 $73,087 $142,575 $966,967 $-69,488
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