JOINT COUNCIL FOR ECONOMIC OPPORTU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

NICOLE LAURIN

Phone

5185616310

Tax Period

2024-02-01 to 2025-01-31

JOINT COUNCIL FOR ECONOMIC OPPORTUNITY OF CLINTON AND FRANKLIN COUNTIES INC, founded in 1966, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2024. Expenses of $9.0M left a modest 4% surplus.

Mission

JCEO IS DEDICATED TO PROVIDING RESOURCES AND SERVICES THAT ENHANCE PEOPLE'S DIGNITY AND SELF-RELIANCE.

Program Service Accomplishments

Program 1

Expenses: $3,700,881

HEAD START PROGRAM:THE HEAD START PROGRAM IS A COMPREHENSIVE EARLY CHILDHOOD EDUCATION PROGRAM PROVIDING SERVICES TO INCOME ELIGIBLE AND/OR DISABLED CHILDREN AND THEIR FAMILIES. SERVICES PROVIDED...

HEAD START PROGRAM:THE HEAD START PROGRAM IS A COMPREHENSIVE EARLY CHILDHOOD EDUCATION PROGRAM PROVIDING SERVICES TO INCOME ELIGIBLE AND/OR DISABLED CHILDREN AND THEIR FAMILIES. SERVICES PROVIDED INCLUDE: MENTAL HEALTH SERVICES, NUTRITION EDUCATION/SERVICES, SOCIAL SERVICES/PARENT INVOLVEMENT, AND HEALTH RELATED SERVICES.

Program 2

Expenses: $974,367

WEATHERIZATION ASSISTANCE PROGRAM:THE WEATHERIZATION ASSISTANCE PROGRAM (WAP) IS AN ENERGY CONSERVATION PROGRAM THAT HELPS LOW-INCOME HOUSEHOLDS CONSERVE ENERGY AND EDUCATES THE CLIENT ON HOW TO...

WEATHERIZATION ASSISTANCE PROGRAM:THE WEATHERIZATION ASSISTANCE PROGRAM (WAP) IS AN ENERGY CONSERVATION PROGRAM THAT HELPS LOW-INCOME HOUSEHOLDS CONSERVE ENERGY AND EDUCATES THE CLIENT ON HOW TO CONSERVE. THE WAP, BY MAKING REPAIRS OR IMPROVEMENTS TO A HOME, AN APARTMENT OR A HEATING SYSTEM, RESULTS IN ENERGY SAVINGS FOR HOUSEHOLDS RECEIVING SERVICES.

Program 3

Expenses: $1,659,745 Revenue: $129,487

COMMUNITY OUTREACH PROGRAM:THE COMMUNITY OUTREACH PROGRAM (COP) IS DEDICATED TO MEETING THE NEEDS OF THE ECONOMICALLY DISADVANTAGED, THE HANDICAPPED AND THE ELDERLY. COP PROVIDES FAMILIES AND...

COMMUNITY OUTREACH PROGRAM:THE COMMUNITY OUTREACH PROGRAM (COP) IS DEDICATED TO MEETING THE NEEDS OF THE ECONOMICALLY DISADVANTAGED, THE HANDICAPPED AND THE ELDERLY. COP PROVIDES FAMILIES AND INDIVIDUALS WITH BASIC NECESSITIES SUCH AS FOOD AND CLOTHING, RESOURCE AND REFERRAL SERVICES TO REQUIRED SERVICES, AND APPLICATION ASSISTANCE FOR SUCH SERVICES AS HEAP, CHRISTMAS BUREAU, CHILD HEALTH PLUS, LIFELINE, ETC.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,236,728

Program Service Revenue $1,103,308

Investment Income $37,288

Other Revenue $12,778

TOTAL REVENUE $9,390,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,807,586

Fundraising Expenses $18,329

Program Expenses $8,417,633

Other Expenses $4,233,486

TOTAL EXPENSES $9,041,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,390,102	$9,113,384	+0.0%
Expenses	$9,041,072	$8,968,686	+0.0%
Net Income	$349,030	$144,698	+1.4%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

145

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

$207,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH CORYER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MEGHAN ZEDICK ESQ	DIRECTOR	0.30	Director	$0	$0	$0
JOHN DROLLETTE	DIRECTOR	0.30	Director	$0	$0	$0
JORDON LEBLANC	DIRECTOR	0.30	Director	$0	$0	$0
SONNY GIROUX	ASST. TREASURER	0.50	Officer Director	$0	$0	$0
WENDY BAKER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MATTHEW MAGUIRE	TREASURER	0.50	Officer Director	$0	$0	$0
THOMAS GOSRICH	ASST. SECRETARY	0.50	Officer Director	$0	$0	$0
JANET MCFETRIDGE	DIRECTOR	0.30	Director	$0	$0	$0
RICH HOLCOMB	DIRECTOR	0.30	Director	$0	$0	$0
ERIKA BEZIO	DIRECTOR	0.30	Director	$0	$0	$0
IRENE LEVASSEUR	DIRECTOR	0.30	Director	$0	$0	$0
MARK KAISER CPA	DIRECTOR	0.30	Director	$0	$0	$0
NICOLE LAURIN	C.E.O.	40.00	Officer	$100,835	$3,362	$104,197
ROBERT MIHAL	C.F.O.	40.00	Officer	$83,893	$19,826	$103,719

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
2025	$9,390,102	$9,041,072	$5,519,056	$349,030
2024	$9,113,384	$8,968,686	$5,473,069	$144,698
2023	$8,630,527	$8,463,341	$5,476,721	$167,186
2022	$10,698,049	$8,700,891	$5,357,972	$1,997,158
2021	$7,594,536	$8,219,482	$4,064,414	$-624,946
2020	$8,843,525	$8,555,122	$3,777,918	$288,403
2019	$8,534,945	$8,162,975	$3,299,780	$371,970

JOINT COUNCIL FOR ECONOMIC OPPORTUNITY OF CLINTON AND FRANKLIN COUNTIES INC