Montgomery County Opportunities Industrialization Center Inc

EIN: 236424784 501(c)(3) Employment

Norristown, PA

Total Revenue
$858,094
Total Expenses
$1,247,868
Total Assets
$916,480
Net Assets
$745,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
PA
Principal Officer
Benjamin F Gilbert II
Phone
6102799700
Tax Period
2022-07-01 to 2023-06-30

Montgomery County Opportunities Industrialization Center Inc, founded in 1966, is a small nonprofit in the Employment sector that reported $858K in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

To train and place on jobs disadvantaged, unemployed and undeemployed persons in montgomery county, PA as well as providing child education programs and care

Program Service Accomplishments

Program 1
Expenses: $825,434 Revenue: $852,899

Education and training of disadvantaged, unemployed, and underemployed persons, youth programs, and development

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,269
Program Service Revenue $754,256
Investment Income $5,195
Other Revenue $81,374
TOTAL REVENUE $858,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $772,425
Fundraising Expenses $0
Program Expenses $825,434
Other Expenses $475,443
TOTAL EXPENSES $1,247,868

Year-over-Year Comparison

2022 2021 Change
Revenue $858,094 $1,067,379 -0.2%
Expenses $1,247,868 $888,782 +0.4%
Net Income $-389,774 $178,597 -3.2%
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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Governance

Voting Members
6
Independent Members
6
Employees
36
Volunteers
N/A

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
$10,395
Total Directors
6
$10,395
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marcella Blakney Collins Vice President 5.00
Officer Director
$10,395 $0 $10,395
Iva Johnson Ferrell Esq Director 5.00
Director
$0 $0 $0
Benjamin F Gilbert Chairman 5.00
Officer Director
$0 $0 $0
Andrew Magnus Secretary 5.00
Officer Director
$0 $0 $0
Jerome Dean Treasurer 5.00
Officer Director
$0 $0 $0
Darnell Turner Director 5.00
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 No data No data No data
2023 $858,094 $1,247,868 $916,480 $-389,774
2022 $1,067,379 $888,782 $1,306,645 $178,597
2021 $667,837 $740,304 $1,143,580 $-72,467
2020 $496,364 $502,301 $1,257,624 $-5,937
2019 $391,765 $386,379 $1,172,927 $5,386
2018 $309,346 $357,358 $1,220,492 $-48,012
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