New London, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OIC'S MISSION IS TO PROVIDE TRAINING, BASIC SKILLS, SUPPORTIVE COUNSELING AND JOB CREATION SERVICES TO PRIMARILY LOW INCOME PERSONS REGARDLESS OF RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, AGE, OR NATIONAL ORIGIN.
EMPLOYMENT TRAINING: THE GENERAL OBJECTIVE OF OIC'S TRAINING PROGRAMS IS TO PROVIDE A COMPREHENSIVE RANGE OF EMPLOYMENT SKILLS AND JOB-SPECIFIC SKILLS TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS...
EMPLOYMENT TRAINING: THE GENERAL OBJECTIVE OF OIC'S TRAINING PROGRAMS IS TO PROVIDE A COMPREHENSIVE RANGE OF EMPLOYMENT SKILLS AND JOB-SPECIFIC SKILLS TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS, SUCH THAT THE EMPLOYMENT NEEDS OF LOCAL BUSINESSES ARE MET AND JOB OPPORTUNITIES FOR THE RESIDENTS OF NEW LONDON ARE IMPROVED. SPECIFICALLY, TRAINING IS OFFERED IN THREE CAREER TRACK AREAS: OFFICE/COMPUTER SKILLS, CULINARY ARTS, AND CERTIFIED NURSING ASSISTANTS (CNA). COMPLEMENTING THIS SPECIFIC VOCATIONAL TRAINING, THESE FUNDS WILL ALSO SUPPORT OIC'S EMPLOYABILITY SKILLS TRAINING ENCOMPASSING RESUME & COVER LETTER WRITING, EFFECTIVE INTERVIEWING SKILLS, COMMUNICATION SKILLS, CUSTOMER SERVICE, CONFLICT MANAGEMENT, AND MORE. PROJECT EMPLOYMENT: WORKING WITH SPECIFIC POPULATION OF EX-OFFENDERS, ASSISTING THEM WITH JOB SEEKING AND RETENTION SKILLS. STOPPING DOMESTIC VIOLENCE: PROVIDES PSYCHO-SOCIAL INTERVENTION/EDUCATIONAL CLASSES DESIGNED TO ASSIST OFFENDERS WHO ARE REFERRED TO OIC FOR DOMESTIC VIOLENCE OFFENSES.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare Opportunities Industrialization Center of New London County Inc with other nonprofits in Connecticut and across the country.