POUGHKEEPSIE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MID HUDSON WORKSHOP FOR THE DISABLED INC, founded in 1948, is a small nonprofit in the Employment sector that reported $898K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 13% operating deficit.
THE ORGANIZATION'S MISSION IS TO PROVIDE MEANINGFUL WORK FOR THE PHYSICALLY AND MEDICALLY DISABLED. THE PRODUCTS MANUFACTURED BY OUR DISABLED EMPLOYEES ARE SOLD TO MANUFACTURERS.
THE ORGANIZATIONS MISSION SINCE BEGINNING IN 1948 HAS BEEN TO PROVIDE MEANINGFUL WORK FOR THE PHYSICALLY AND MEDICALLY DISABLED VETERANS AND OTHERS TO ACCOMPLISH ITS MISSION. THE ORGANIZATION...
THE ORGANIZATIONS MISSION SINCE BEGINNING IN 1948 HAS BEEN TO PROVIDE MEANINGFUL WORK FOR THE PHYSICALLY AND MEDICALLY DISABLED VETERANS AND OTHERS TO ACCOMPLISH ITS MISSION. THE ORGANIZATION PROVIDES LIGHT MANUFACTURING AND FULFILMENT SERVICES TO BUSINESSES. DISABLED EMPLOYEES ARE THUS PROVIDED A WORKPLACE WHERE THEY CAN USE THEIR SKILLS IN A SUPPORTIVE ENVIRONMENT AND POSSIBLY TRANSITION TO A REGULAR FULL TIME JOB. REVENUE IS OBTAINED BY PROVIDING SERVICES TO CUSTOMERS WILLING TO USE THE SERVICES OF THE MID-HUDSON WORKSHOP AND ITS DISABLED EMPLOYEES. IT HAS THEREFORE BEEN A GOAL TO ACQUIRE CUSTOMERS THAT PROVIDE STEADY AND CONTINUOUS WORK. IN FACT, SOME CUSTOMERS HAVE BEEN WITH THE ORGANIZATION FOR MORE THAN 22 YEARS. IN 2022, WE WERE DONATED NORTH RIVER ROASTERS ROASTERY AND WE NOW HAVE A DBA NORTH RIVER ROASTERS (BUT THE DBA WAS FINALIZED IN 2023). THE ROASTERY GOAL IS TO PROVIDE ENTREPRENUERIAL BUSINESS PROGRAMMING SKILLS, LEARNING THE ART OF ROASTING COFFEE, MANAGING BUSINESS INVENTORY, CUSTOMER SERVICE, BAGGING, ORDER FILLING, ETC. COFFEE ROASTING HAS ADDED AN ENTREPRENUERIAL PROGRAM TO OUR 2023 PORTFOLIO. AS OF APRIL 2024, WE DO NOT HAVE ANY MANUFACTURING CURRENTLY IN HOUSE. THE NUMBER OF INDIVIDUALS SERVED IN 2023 WAS 24.
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 | $897,981 | $751,434 | +0.2% |
| Expenses | $1,014,789 | $999,953 | +0.0% |
| Net Income | $-116,808 | $-248,519 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| NANCY FORREST | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN GRIFFIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON FINCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FABIO DANISI MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK STARK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNA KELLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA KIESBYE | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$94,000 | $0 | $94,000 |
| STEPHEN POLICELLA | BOARD TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MEREDITH CAVANAUGH | BOARD SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT EDGE | BOARD VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN MAZZUCA | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $897,981 | $1,014,789 | $1,969,727 | $-116,808 |
| 2023 | $897,981 | $1,013,055 | $1,971,460 | $-115,074 |
| 2022 | $751,434 | $999,953 | $2,138,680 | $-248,519 |
| 2021 | $980,976 | $1,114,916 | $2,836,944 | $-133,940 |
| 2020 | $883,188 | $1,097,916 | $2,938,307 | $-214,728 |
| 2019 | $751,752 | $1,079,447 | $2,937,555 | $-327,695 |
| 2018 | $1,031,733 | $1,262,693 | $2,826,529 | $-230,960 |
Compare MID HUDSON WORKSHOP FOR THE DISABLED INC with other nonprofits in New York and across the country.