ITHACA, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHALLENGE INDUSTRIES INC, founded in 1968, is a community nonprofit in the Employment sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 10% surplus.
TO PROVIDE HABILITATION, REHABILITATION, AND EMPLOYMENT SERVICES TO INDIVIDUALS WITH DISABILITIES AND OTHER EMPLOYMENT BARRIERS.
CHALLENGE'S SOCIAL ENTERPRISES PROVIDE INTEGRATED WORK SETTINGS FOR CHALLENGE PROGRAM PARTICIPANTS, WHERE THEY ARE ABLE TO DEVELOP MARKETABLE SKILLS AND GAIN VALUABLE WORK EXPERIENCE. THESE...
CHALLENGE'S SOCIAL ENTERPRISES PROVIDE INTEGRATED WORK SETTINGS FOR CHALLENGE PROGRAM PARTICIPANTS, WHERE THEY ARE ABLE TO DEVELOP MARKETABLE SKILLS AND GAIN VALUABLE WORK EXPERIENCE. THESE BUSINESSES ARE A FUNDAMENTAL PART OF CHALLENGE'S APPARATUS; ALLOWING US TO PROVIDE EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES AND SOCIAL, ECONOMIC, OR OTHER BARRIERS TO EMPLOYMENT. THERE ARE THREE SOCIAL ENTERPRISES CURRENTLY OPERATING AT CHALLENGE, INCLUDING SHREDDING AND CONTRACT PRODUCTION (PRE-VOCATIONAL) AND CONTRACT STAFFING.
SUPPORTED EMPLOYMENT PROVIDES ONGOING SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND MENTAL HEALTH DISABILITIES TO MAINTAIN COMMUNITY EMPLOYMENT AT COMPETITIVE WAGES WITH LOCAL EMPLOYERS INCLUDING...
SUPPORTED EMPLOYMENT PROVIDES ONGOING SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND MENTAL HEALTH DISABILITIES TO MAINTAIN COMMUNITY EMPLOYMENT AT COMPETITIVE WAGES WITH LOCAL EMPLOYERS INCLUDING WORK IN CHALLENGE BUSINESSES. CHALLENGE ASSISTED WORKERS WITH DISABILITIES TO MAINTAIN EMPLOYMENT. THESE SERVICES INCLUDE FUNDING FROM OPWDD (SE) AND OMH (OISE, ACE AND TEP); AND SED (ACCESS-VR); AND DSS.
PRE-VOCATIONAL SERVICES ARE DESIGNED FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO ARE INTERESTED IN WORKING BUT REQUIRE EXTENSIVE PREPARATION AND SUPPORT TO WORK AND BE PART OF THEIR...
PRE-VOCATIONAL SERVICES ARE DESIGNED FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES WHO ARE INTERESTED IN WORKING BUT REQUIRE EXTENSIVE PREPARATION AND SUPPORT TO WORK AND BE PART OF THEIR COMMUNITY. THESE SERVICES PROVIDE OPPORTUNITIES FOR UNPAID WORK EXPERIENCE WITH LOCAL EMPLOYERS, TIME LIMITED UNPAID WORK OPPORTUNITIES FOR SKILL BUILDING, VOCATIONAL EXPLORATION THROUGH JOB TRY-OUTS AND JOB SHADOWING, AND VOLUNTEER OPPORTUNITIES WITH LOCAL NOT-FOR-PROFIT AGENCIES. THESE SERVICES INCLUDE FUNDING FROM OPWDD.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,374,638 | $3,379,536 | +0.6% |
| Expenses | $4,860,106 | $3,375,161 | +0.4% |
| Net Income | $514,532 | $4,375 | +116.6% |
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 |
|---|---|---|---|---|---|---|
| ALLEN CONNELY | PRESIDENT AND CEO | 40.00 |
Officer
Director
|
$240,240 | $22,071 | $262,311 |
| KATHIE KENT | MEMBER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILLIP PJ YUDT | BOARD CHAIR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ASHLEY BURKE | MEMBER | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,374,638 | $4,860,106 | $4,947,608 | $514,532 |
| 2023 | $3,379,536 | $3,375,161 | $4,102,027 | $4,375 |
| 2022 | $4,448,766 | $3,086,994 | $4,165,968 | $1,361,772 |
| 2021 | $3,875,839 | $3,343,816 | $2,963,866 | $532,023 |
| 2020 | $4,447,194 | $4,451,432 | $2,312,772 | $-4,238 |
| 2019 | $5,447,962 | $5,401,989 | $2,269,595 | $45,973 |
| 2018 | $6,021,191 | $6,078,633 | $2,280,305 | $-57,442 |
Compare CHALLENGE INDUSTRIES INC with other nonprofits in New York and across the country.