JERSEY CITY EMPLOYMENT & TRAINING PROGRAM INC

EIN: 222602714 501(c)(3)

JERSEY CITY, NJ

Total Revenue
$2,150,826
Total Expenses
$3,014,168
Total Assets
$820,694
Net Assets
$78,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NJ
Principal Officer
KATRICE THOMAS
Phone
5512224329
Tax Period
2018-07-01 to 2019-06-30

JERSEY CITY EMPLOYMENT & TRAINING PROGRAM INC, founded in 1985, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2018. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 40% operating deficit.

Mission

TO HELP THE COMMUNITY TO WORK THROUGH PERSONAL OUTREACH SERVICES, WORKSHOPS TO PREPARE JOB SEEKERS, INTENSIVE SERVICES, FOR QUALIFIED CUSTOMERS TO ADMINISTER JOB TRAINING PROGRAMS FOR YOUTHS AND UNSKILLED ADULTS WHO ARE ECONOMICALLY DISADVANTAGED OR WHO HAVE OTHER SPECIAL NEEDS. THE PRIMARY SERVICE AREA IS THE CITY OF JERSEY CITY.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $2,150,826
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,150,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,910,126
Fundraising Expenses $0
Program Expenses $2,602,817
Other Expenses $1,104,042
TOTAL EXPENSES $3,014,168

Year-over-Year Comparison

2018 2017 Change
Revenue $2,150,826 $3,786,071 -0.4%
Expenses $3,014,168 $3,963,614 -0.2%
Net Income $-863,342 $-177,543 +3.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
31
Volunteers
9

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
4
$259,308
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT KNAPP BOARD VICE CHAIRMAN 1.00
Director
$0 $0 $0
ANDREW CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
HENRY PLOTKIN BOARD MEMBER 1.00
Director
$0 $0 $0
HILIARIO NUNEZ BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE MCRAE BOARD MEMBER 1.00
Director
$0 $0 $0
LIZZETTE DELGADO BOARD MEMBER 1.00
Director
$0 $0 $0
OSCAR VELEZ BOARD MEMBER 1.00
Director
$0 $0 $0
DARRELL LAVAL BOARD MEMBER 1.00
Director
$0 $0 $0
SUDHAN THOMAS BOARD CHAIR (PREVIOUS) 1.00
Director
$0 $0 $0
KATRICE THOMAS BOARD CHAIR/EXECUTIVE DIR. (CURRENT) 40.00
Officer Director
$0 $0 $0
PAMELA GARNDER BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTEN HART BOARD MEMBER 1.00
Director
$0 $0 $0
TONYA KEYES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE WEST BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MCGREEVEY EXECUTIVE DIRECTOR (TO JAN.2019) 40.00
Officer
$119,000 $0 $119,000
DEOPHISTER UFFER C.F.O.(TO FEB.5,2019) 40.00
Officer
$140,308 $0 $140,308
ANGEL SANTA C.F.O. (PREVIOUS) 40.00
Officer
$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
2019 $2,150,826 $3,014,168 $820,694 $-863,342
2018 $3,786,071 $3,963,614 $1,806,540 $-177,543
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