GROW ASSOCIATES 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

1973

Legal Domicile

Principal Officer

MARGHERITA CYCAN

Phone

7819616700

Tax Period

2024-07-01 to 2025-06-30

GROW ASSOCIATES INC, founded in 1973, is a community nonprofit in the Employment sector that reported $6.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE CONTINUING EDUCATION, OCCUPATIONAL TRAINING AND EXTENDED EMPLOYMENT OPPORTUNITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES WHO ARE UNABLE FUNCTION INDEPENDENTLY IN THE COMPETITIVE EMPLOYMENT MARKET.

Program Service Accomplishments

Program 1

Expenses: $1,631,824 Revenue: $622,216

FOCUSES ON SEEKING EMPLOYMENT OPPORTUNITIES TO HELP INDIVIDUALS ACHIEVE PERSONAL CAREER GOALS. FOR EACH INDIVIDUAL THAT WANTS TO WORK IN THE COMMUNITY, THE TEAM DEVELOPS AN INVENTORY OF THE...

FOCUSES ON SEEKING EMPLOYMENT OPPORTUNITIES TO HELP INDIVIDUALS ACHIEVE PERSONAL CAREER GOALS. FOR EACH INDIVIDUAL THAT WANTS TO WORK IN THE COMMUNITY, THE TEAM DEVELOPS AN INVENTORY OF THE INTERESTS, SKILLS, AND EXPERIENCE RELEVANT TO HIS OR HER JOB SEARCH, EMPLOYABILITY, JOB BATCH, RETENTION, AND LONG-RANGE CAREER DEVELOPMENT. ALL INDIVIDUALS PLACED IN COMMUNITY EMPLOYMENT RECEIVE JOB COACHING.

Program 2

Expenses: $1,229,511 Revenue: $2,677,285

CENTERED ON PERSONAL INTERESTS, THE CBDS PROGRAM HAS STRUCTURED GROUP ACTIVITIES THAT ENHANCE THE SKILLS NEEDED TO CONNECT PEOPLE WITH THE COMMUNITY AND INCREASE THEIR INDEPEDENCE. THE INDIVIDUALS...

CENTERED ON PERSONAL INTERESTS, THE CBDS PROGRAM HAS STRUCTURED GROUP ACTIVITIES THAT ENHANCE THE SKILLS NEEDED TO CONNECT PEOPLE WITH THE COMMUNITY AND INCREASE THEIR INDEPEDENCE. THE INDIVIDUALS GAIN KNOWLEDGE THAT ALLOWS THEM TO MAKE INFORMED DECISIONS THAT GUIDES THEM ON THE PATH THEY DESIRE. SERVICES INCLUDE COMMUNITY OPPORTUNITIES, VOLUNTEERING, AND SKILL BUILDING ACTIVITIES, MONEY MANAGEMENT, HEALTHY LIVING AND EXERCISE, MEAL PREPARATION, AND MUSIC THERAPY.

Program 3

Expenses: $1,592,256 Revenue: $1,727,375

THE ORGANIZATION PROVIDES MEDICALLY-BASED SERVICES THAT ARE DESIGNED TO INCREASE INDEPENDENT LIVING SKILLS, IMPROVE HEALTH, AND ESTABLISH NEW AND MEANINGFUL FRIENDSHIPS THROUGH SITE-BASED COMMUNITY THERAPIES AND LEARNING ACTIVITIES. SERVICES INCLUDE ON-SITE NURSING, THERAPEUDIC CONSULTATION, TRAINING AND ASSISTANCE WITH ACTIVITIES, AND FINE AND GROSS MOTOR SKILL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,337

Program Service Revenue $5,920,821

Investment Income $93,269

Other Revenue $124,811

TOTAL REVENUE $6,209,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,202,255

Fundraising Expenses $75,260

Program Expenses $5,251,057

Other Expenses $1,908,837

TOTAL EXPENSES $6,111,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,209,238	$5,759,083	+0.1%
Expenses	$6,111,092	$5,677,169	+0.1%
Net Income	$98,146	$81,914	+0.2%

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

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

$252,505

Total Directors

$125,405

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET SCHOLL	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY WILLIAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
CHERYL ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
PETER WASZKIEWICZ	MEMBER	2.00	Director	$0	$0	$0
JAMMES HORNER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGHERITA CYCAN	DIRECTOR OF FINANCE AND BU	40.00	Officer Director	$125,405	$0	$125,405
SARAH PALIN	EXECUTIVE DIRECTOR	40.00	Officer	$127,100	$0	$127,100
BRIAN JADRO	DIRECTOR OF OPERATIONS	40.00	Highest	$135,484	$0	$135,484

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
2025	$6,209,238	$6,111,092	$12,461,307	$98,146
2024	$5,759,083	$5,677,169	$12,690,156	$81,914
2023	$5,195,953	$4,850,162	$12,158,603	$345,791
2022	$4,151,942	$4,448,951	$11,859,296	$-297,009
2021	$4,675,470	$3,278,117	$5,880,414	$1,397,353
2020	$5,292,822	$4,407,127	$4,563,511	$885,695
2019	$5,026,674	$4,286,614	$3,656,117	$740,060