UNITED WAY OF HUDSON COUNTY (EIN 221487218) - Form 990 Financial Analysis & Trantor Score

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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

1936

Legal Domicile

Principal Officer

DAN ALTILIO

Phone

2014342625

Tax Period

2023-01-01 to 2023-12-31

UNITED WAY OF HUDSON COUNTY, founded in 1936, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

UWOFHC MOBILIZES RESOURCES IN LOCAL GOVERNMENT & THE CORPORATE SECTOR TO AFFECT CHANGE IN THE LIVES OF THE HOMELESS & IMPOVERISHED MEN, WOMEN & CHILDREN IN OUR COMMUNITY. WE PROVIDE FUNDING, SUPPORT & ADVOCACY FOR THE WELLNESS & PROTECTION PROGRAMS FOR CHILDREN WHO HAVE BEEN ABUSED AND NEGLECTED. WE HAVE FOCUSED OUR EFFORTS ON THE HOMELESSNESS CRISIS, CHILD WELLNESS & PROTECTION, THE SPECIAL NEEDS COMMUNITY & THE CREATION OF A NON-PROFIT RESOURCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,246,000

Program Service Revenue $190,830

Investment Income $24

Other Revenue $-1,259

TOTAL REVENUE $2,435,595

Expense Breakdown

Grants Paid $1,734,502

Salaries & Benefits $431,109

Fundraising Expenses $142,978

Program Expenses $2,479,009

Other Expenses $576,917

TOTAL EXPENSES $2,742,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,435,595	$6,433,978	-0.6%
Expenses	$2,742,528	$4,277,334	-0.4%
Net Income	$-306,933	$2,156,644	-1.1%

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

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

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

$283,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES EGAN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JEROME COLWELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
FRANK NILAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DIANNE VASQUEZ	EXECUTIVE VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR CAROL GRASZ	SECRETARY	2.00	Officer Director	$0	$0	$0
RUDDYS ANDRADE	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH DESCISCIO	TREASURER	2.00	Officer Director	$0	$0	$0
SALVATORE GRASSO	FINANCE COMMITTEE	2.00	Officer Director	$0	$0	$0
TIMOTHY BABJAK	TRUSTEE	2.00	Director	$0	$0	$0
HON CATALDO FAZIO	TRUSTEE	2.00	Director	$0	$0	$0
PERRY FLORIO	TRUSTEE	2.00	Director	$0	$0	$0
RONALD GRECO	TRUSTEE	2.00	Director	$0	$0	$0
GLENN GRETEN	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD MYRLAK	TRUSTEE	2.00	Director	$0	$0	$0
ANGELA MCKNIGHT	TRUSTEE	2.00	Director	$0	$0	$0
JAMES MILLER JR	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA NETCHERT	TRUSTEE	2.00	Director	$0	$0	$0
JOAN QUIGLEY	TRUSTEE	2.00	Director	$0	$0	$0
HON FRANK SCHILLARI	TRUSTEE	2.00	Director	$0	$0	$0
KONSTANTIN YUSIPOV	TRUSTEE	2.00	Director	$0	$0	$0
WENDY PAUL	TRUSTEE	2.00	Director	$0	$0	$0
HON E JUNIOR MALDONADO	TRUSTEE	2.00	Director	$0	$0	$0
LOU PANTOLIANO	CHIEF OPERATING OFFICER	40.00	Officer	$119,503	$9,756	$129,259
DANIEL ALTILIO	PRESIDENT	40.00	Officer	$142,271	$12,199	$154,470

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	No data	No data	No data
2023	$2,435,595	$2,742,528	$3,489,611	$-306,933
2022	$6,433,978	$4,277,334	$3,921,870	$2,156,644
2021	$2,753,508	$2,714,903	$1,434,361	$38,605
2020	$2,018,242	$1,999,427	$970,130	$18,815
2019	$2,044,066	$1,990,530	$830,869	$53,536
2018	$2,062,092	$2,080,832	$741,592	$-18,740

UNITED WAY OF HUDSON COUNTY