NEW YORK WEB CENTER INC

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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

2006

Legal Domicile

Principal Officer

MAURICE REID

Phone

6467684102

Tax Period

2024-01-01 to 2024-12-31

Mission

TO PREPARE RESIDENTS OF UNDERPRIVILEGED COMMUNITIES WITH CREATIVE, ARTISTIC, JOB READINESS AND OTHER SKILLS NEEDED FOR SUCCESS IN INTERNET AND COMPUTER BASED COMMUNICATION ENVIRONMENTS.

Program Service Accomplishments

Program 1

Expenses: $6,776

NEW YORK WEB CENTER'S PRIDE PROGRAM USES THE ATTRACTION OF HIP HOP TO MOTIVATE HIGH SCHOOL STUDENTS TO STAY IN SCHOOL, GRADUATE AND ENTER COLLEGE OR THE WORKFORCE ORIENTED FOR SUCCESS. OUR DIGITAL...

NEW YORK WEB CENTER'S PRIDE PROGRAM USES THE ATTRACTION OF HIP HOP TO MOTIVATE HIGH SCHOOL STUDENTS TO STAY IN SCHOOL, GRADUATE AND ENTER COLLEGE OR THE WORKFORCE ORIENTED FOR SUCCESS. OUR DIGITAL LOUNGE PROVIDES AN EXCITING, SAFE ALTERNATIVE TO THE STREETS FOR MALE AND FEMALE STUDENTS 15-24 DURING THE CRITICAL AFTER-SCHOOL HOURS. MENTORS AND ENTERTAINMENT INDUSTRY PROFESSIONALS GUIDE STUDENTS THROUGH THE CHALLENGES OF SCHOOL, HOME AND CAREER CHOICES. THEY LEARN THE BUSINESS OF MAGAZINE PUBLISHING, VIDEOGRAPHY, MUSIC RECORDING AND BROADCASTING. THEY MAY NOT ACHIEVE SUCCESS IN ENTERTAINMENT, BUT THEY ARE BETTER PREPARED TO GARNER SUCCESS IN LIFE.

Program 2

Expenses: $4,518

NYWC'S HIP HOP ACADEMY USES MUSIC PRODUCTION AFTER SCHOOL TO KEEP AT - RISK YOUTH OFF STREETS AND IN A SAFE LEARNING ENVIRONMENT. SERVICES PROVIDED TO APPROXIMATELY 75 YOUTH IN NYWCV'S STATE OF THE ART RECORDING STUDIO. STUDENTS RECEIVE MENTORING, ACADEMIC SUPPORT, AND THEY RAISE ACADEMIC ACHIEVEMENT WHILE LEARNING VOCATIONAL SKILLS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,294

Other Expenses $15,767

TOTAL EXPENSES $15,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$60,003	-1.0%
Expenses	$15,767	$87,097	-0.8%
Net Income	N/A	$-27,094	N/A

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE REID	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HASONI PRATTS	DIRECTOR	0.50	Officer Director	$0	$0	$0
LESLIE MORIOKA	DIRECTOR	0.50	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
2024	No data	$15,767	$41,607	No data
2023	$60,003	$87,097	$57,373	$-27,094
2022	$34,496	$59,198	$75,415	$-24,702
2021	$42,015	$44,750	$96,532	$-2,735
2020	$33,930	$43,081	$102,118	$-9,151
2019	$46,370	$63,831	$111,271	$-17,461
2018	$96,517	$116,384	$125,389	$-19,867