Opportunities Industrialization Center of New London County Inc (EIN 237066023) - 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

1970

Legal Domicile

Principal Officer

NEKEISHA GRANT

Phone

8604471731

Tax Period

2020-07-01 to 2021-06-30

Opportunities Industrialization Center of New London County Inc, founded in 1970, is a small nonprofit that reported $446K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year. Expenses of $673K exceeded revenue, resulting in a 51% operating deficit.

Mission

OIC's mission is to provide training, basic skills, supportive counseling and job creation.

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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 (2020)

Revenue Breakdown

Contributions & Grants $303,480

Program Service Revenue $3,140

Investment Income $0

Other Revenue $139,282

TOTAL REVENUE $445,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,414

Fundraising Expenses $0

Program Expenses $282,593

Other Expenses $243,156

TOTAL EXPENSES $672,570

Year-over-Year Comparison

	2020	2019	Change
Revenue	$445,902	$471,320	-0.1%
Expenses	$672,570	$411,362	+0.6%
Net Income	$-226,668	$59,958	-4.8%

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

$62,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nekeisha A Grant	Officer	40.0	Officer	$62,038	$0	$62,038
Christopher Jones	board member	1.0	Director	$0	$0	$0
Beth A Hogan	Vice Chairperson	1.0	Officer Director	$0	$0	$0
Brian Wilson	BOARD MEMBER	1.0	Director	$0	$0	$0
Rev Dr John Webster	Board Member	1.0	Director	$0	$0	$0
Christina Ann Nocito	Treasurer	1.0	Officer Director	$0	$0	$0
Charles J Schott	board member	1.0	Director	$0	$0	$0
Angela Rasmussen	board member	1.0	Director	$0	$0	$0
Tariko Satterfield Sr	board member	1.0	Director	$0	$0	$0
Priscilla Melecio	Chairperson	1.0	Officer Director	$0	$0	$0
Anderson Scott	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	No data	No data	No data	No data
2021	$445,902	$672,570	$313,588	$-226,668
2020	$471,320	$411,362	$274,715	$59,958
2019	$555,029	$628,855	$387,642	$-73,826
2018	$482,614	$540,013	$452,521	$-57,399

Opportunities Industrialization Center of New London County Inc