Newark, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Newark Workforce Development Board Inc, founded in 2002, is a community nonprofit in the Youth Development sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.
To lead amd empoer the Newark Workforce system by leveraging assets amd resources to ensore the educational and professional and economic success of Newark residents and the prosperity of its businesses. Provides oversight of workforce Investment Act funds and Newark One Stop Center
Create a progressive and innovative workforce development system for the benefits of Newark residents and businesses.evelop srategies, establish
Identify the needs of the local job market and designng training programs that equip participlants in its various prgrams using consultants. Graduates of the prgrams are also assisted in Job...
Identify the needs of the local job market and designng training programs that equip participlants in its various prgrams using consultants. Graduates of the prgrams are also assisted in Job placement.Work with economic development and related organization to promote ecomic growth The organiation provides oversignt of the and monitoring The responsibilities under the Workforce Investment Act and more recently , the Workforce innovation and opportunity Act
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,823,100 | $917,684 | +1.0% |
| Expenses | $1,579,799 | $560,866 | +1.8% |
| Net Income | $243,301 | $356,818 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| Karen Gaylord | Executive Direcor | 40.00 |
Officer
|
$41,095 | $0 | $41,095 |
| Nathaly Agosto Fillion | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Latoya Ball | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Glenn Best | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sybil Bost | Board Memeber | 1.00 |
Director
|
$0 | $0 | $0 |
| Earl Brown | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Caucci Sam | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Vesta Godwin Clark | Interim Chairperson | 4.00 |
Director
|
$0 | $0 | $0 |
| Rick Archer | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| DrBorgaonker Ashish | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chosolm Michael | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mitra Choudhury | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Clark Robert | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dunns Shanell | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Joseph Epps Jr | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Danny Denise Gonzalez | Secretary/ Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Michele Gonzalez | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chip Hallock | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dexter Hendricks | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marland Jenkins | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Ralonda Johnson | Board Treasurer | 4.00 |
Director
|
$0 | $0 | $0 |
| Jonathan Kobza | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Helen kogan | Board Mamber | 1.00 |
Director
|
$0 | $0 | $0 |
| Rocco Lepore | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Emily Manz | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Morris Murray | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Krystal Peatree-Mclean | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Edna Rashid | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mauren Ritchie | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Alex Rivera | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Safanya Searcy | Board Member | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Anthony Smith | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bhavama Tailor | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Bilal Walker | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Evan Weis | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,823,100 | $1,693,168 | $1,234,920 | $129,932 |
| 2024 | $1,823,100 | $1,579,799 | $1,311,118 | $243,301 |
| 2023 | $1,605,734 | $1,423,755 | $938,854 | $181,979 |
| 2022 | $1,242,041 | $916,192 | $1,193,412 | $325,849 |
| 2022 | $1,376,921 | $1,062,958 | $1,186,912 | $313,963 |
| 2021 | $917,687 | $560,866 | $788,360 | $356,821 |
| 2020 | $521,521 | $438,861 | $413,042 | $82,660 |
| 2019 | $533,554 | $559,782 | $334,341 | $-26,228 |
| 2018 | $594,729 | $543,728 | $376,240 | $51,001 |
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