THE NORTH WARD CENTER INC

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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

1971

Legal Domicile

Principal Officer

MICHELE ADUBATO

Phone

9734810415

Tax Period

2024-01-01 to 2024-12-31

THE NORTH WARD CENTER INC, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $20.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $18.3M left a modest 12% surplus.

Mission

THE MISSION OF THE NORTH WARD CENTER, INC. - BUILDING A BETTER COMMUNITY BY EDUCATING, ADVOCATING, AND EMPOWERING FAMILIES

Program Service Accomplishments

Program 1

Expenses: $11,825,094 Revenue: $1,170,785

THE NORTH WARD CENTER OPERATES ONE OF THE LARGEST PRESCHOOLS IN NEWARK, NJ. ESTABLISHED IN 1975, THE NORTH WARD CENTER CHILD DEVELOPMENT CENTER HAS SERVED MORE THAN 4,000 PRESCHOOLERS. WE HAVE MORE THAN 40 PRESCHOOL CLASSES THAT PROVIDE NEARLY 700 THREE AND FOUR YEAR OLDS WITH FUNDAMENTAL LEARNING SKILLS. THE CHILD DEVELOPMENT CENTER IS ONE OF THE LARGEST ABBOTT PRESCHOOLS IN THE STATE OF NEW JERSEY.

Program 2

Expenses: $2,312,741 Revenue: $1,872,966

CASA ISRAEL, AN ADULT MEDICAL DAY CARE CENTER, IS LICENSED TO SERVE UP TO 120 CLIENTS DAILY. THE FACILITY PROVIDES THE HIGHEST QUALITY CARE, INCLUDING PRIMARY AND PREVENTIVE HEALTH CARE, AS WELL AS...

Program 3

Expenses: $1,510,287 Revenue: $1,444,165

HOPE HOUSE IS AN ADULT RESIDENTUAL SERVICE, SERVING 4 PARTICIPANTS WITH PERMANENT RESIDENCE FOR PEOPLE WITH AUTISM IN NEWARK. THIS HOME WILL CONTINUE TO CREATE CONNECTIONS TO FAMILY AND PROVIDE...

HOPE HOUSE IS AN ADULT RESIDENTUAL SERVICE, SERVING 4 PARTICIPANTS WITH PERMANENT RESIDENCE FOR PEOPLE WITH AUTISM IN NEWARK. THIS HOME WILL CONTINUE TO CREATE CONNECTIONS TO FAMILY AND PROVIDE ACCESS TO SUPPORT, BRINGING US CLOSER TO A WORLD WHERE EVERYONE CAN THRIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,329,955

Program Service Revenue $4,509,429

Investment Income $4,002,126

Other Revenue $1,025,566

TOTAL REVENUE $20,867,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,058,955

Fundraising Expenses $211,341

Program Expenses $16,927,720

Other Expenses $5,222,059

TOTAL EXPENSES $18,281,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,867,076	$17,913,421	+0.2%
Expenses	$18,281,014	$17,608,937	+0.0%
Net Income	$2,586,062	$304,484	+7.5%

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

226

Volunteers

184

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

$718,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN GRANATO	TRUSTEE, BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY VELEZ	TRUSTEE - VICE PRESIDENT/T	1.00	Officer Director	$0	$0	$0
TARA BROWN	TRUSTEE	1.00	Director	$0	$0	$0
FRED TRENK	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE BORIK	TRUSTEE/ SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELE ADUBATO	CHIEF EXECUTIVE OFFICER	40.00	Officer	$225,504	$86,613	$312,117
MICHELE SCEPPAGUERCIO	CHIEF OPERATING OFFICER	35.00	Officer	$198,406	$67,752	$266,158
SUNG YI	CHIEF FINANCIAL OFFICER	40.00	Officer	$106,816	$33,252	$140,068
CARMELLA SPINELLI	CONTROLLER	35.00	Highest	$104,562	$34,100	$138,662
JUAN GINORIO	DIRECTOR	35.00	Highest	$105,499	$13,884	$119,383
JENNIFER REINHARDT	DIRECTOR	35.00	Highest	$109,946	$46,475	$156,421
LINDA ESTEVES	DIRECTOR	35.00	Highest	$101,517	$25,788	$127,305
DAPHNE GUARINO	TEACHER	35.00	Highest	$102,603	$252	$102,855

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	$20,867,076	$18,281,014	$78,722,305	$2,586,062
2023	$17,913,421	$17,608,937	$72,993,088	$304,484
2022	$17,336,966	$15,963,948	$69,879,224	$1,373,018
2021	$15,885,583	$14,298,024	$74,860,749	$1,587,559
2020	$14,835,275	$13,926,991	$71,234,811	$908,284
2019	$16,545,916	$15,134,568	$69,193,579	$1,411,348
2018	$16,184,894	$15,465,317	$64,045,944	$719,577