New Community Employment Services Corp (EIN 222546365) - 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

1984

Legal Domicile

Principal Officer

SIMONE GAGNERONE

Phone

9736232800

Tax Period

2024-01-01 to 2024-12-31

New Community Employment Services Corp, founded in 1984, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO PROVIDE JOB TRAINING, COUNSELING, AND PLACEMENT SERVICES FOR LOW AND MODERATE INCOME INDIVIDUALS.

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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 $1,757,398

Program Service Revenue $596,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,353,898

Expense Breakdown

Grants Paid $22,350

Salaries & Benefits $1,500,787

Fundraising Expenses $0

Program Expenses $2,006,181

Other Expenses $859,207

TOTAL EXPENSES $2,382,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,353,898	$2,750,092	-0.1%
Expenses	$2,382,344	$2,769,147	-0.1%
Net Income	$-28,446	$-19,055	+0.5%

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

$473,433

Total Directors

$59,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE GAGNERONE	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$7,737	$284,933
ELIZABETH MBAKAYA	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$0	$188,500
RICHARD ROHRMAN	CEO - FORMER	1.0		$0	$0	$104,673
MADGE WILSON	EMERITA	1.0	Director	$0	$3,720	$59,856
DR ZACHARYA YAMBA	EMERITA	1.0	Director	$0	$0	$0
EDGAR NEMORIN	INTERIM CHARIMAN AND TREASURER	1.0	Officer Director	$0	$0	$0
NEWTON M RICHARDS	SECRETARY	1.0	Officer Director	$0	$0	$0
BARRY BAKER	BOARD MEMBER	1.0	Director	$0	$0	$0
DIANE JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
FERNANDO COLON	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTHONY MARCHETTA	BOARD MEMBER	1.0	Director	$0	$0	$0
JEROME ST JOHN	BOARD MEMBER	1.0	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	$2,353,898	$2,382,344	$788,400	$-28,446
2023	$2,750,092	$2,769,147	$862,664	$-19,055
2022	$2,869,110	$2,909,067	$1,138,173	$-39,957
2021	$2,491,917	$2,638,170	$1,015,018	$-146,253
2020	$2,355,341	$2,628,939	$1,247,195	$-273,598
2019	$2,263,093	$2,703,469	$1,366,196	$-440,376
2018	$2,192,733	$2,679,907	$1,697,517	$-487,174

New Community Employment Services Corp