KIRYAS JOEL WORKFORCE DEVELOPMENT INC

EIN: 260637422 501(c)(3) 501(c)(3) Corporation

POB 685, MONROE, NY, 10949

Total Revenue
$108,234
Total Expenses
$49,761
Total Assets
$1,695,242
Net Assets
$1,689,847

Tuckman-Chang Vulnerability Assessment

Research-Based

Academic framework for nonprofit financial sustainability (Tuckman & Chang, 1991)

Equity Deficiency
33.96
✓ Strong — 6+ mo. reserves
Revenue Concentration
1.00
⚠ High Risk — Concentrated
Admin Flexibility
5.1%
⚠ Too Lean — No room to cut
Operating Sustainability
54.0%
✓ Healthy — Sustainable
Overall Vulnerability Assessment
Based on 4 vulnerability indicators
~ MODERATE
2/4 flags
Equity deficiency (<0.25) ✓ Pass
Revenue concentration (>0.60) 🚩 Flagged
Admin too lean (<10%) 🚩 Flagged
Operating deficit (<0%) ✓ Pass

About: The Tuckman-Chang framework identifies four key indicators of financial vulnerability. 0 flags = low risk, 1–2 = moderate risk, 3–4 = high risk. Validated across thousands of nonprofits since 1991.

Learn more about the Tuckman-Chang methodology →

Financial Trends

Organization Details

Legal Domicile
NY
Phone
8457838300
Tax Period
January 2023 - December 2023

KIRYAS JOEL WORKFORCE DEVELOPMENT INC is a 501(c)(3) with EIN 260637422, based in POB 685, MONROE, NY, 10949. The organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $108,234 in total revenue and $49,761 in total expenses, with net assets of $1,689,847. Its Trantor Score is 731 (Good), reflecting its financial health based on liquidity, solvency, and operational efficiency.

Mission

OPERATE PROGRAMS AND PROMOTE VOCATIONAL JOB AND SKILL TRAINING FOR THE LOCAL COMMUNITY OF ADULTS OF ALL AGES IN ORDER TO PROVIDE THEM WITH THE SKILLS NECESSARY TO JOIN THE WORKFORCE AND PUT THEM ON A BETTER PATH IN LIFE.

Trantor Score

Financial Health & Payment Capacity Assessment

Score based on: Liquidity (40%), Solvency (30%), Sustainability (20%), Efficiency (10%)

731
Good
Low Risk
FICO Scale: 300–850

Liquidity (40%)
0.87
+190 pts
Solvency (30%)
0.79
+129 pts
Sustainability (20%)
0.63
+69 pts
Efficiency (10%)
0.77
+42 pts
Learn more about the Trantor Score methodology →

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $108,234
Investment Income $0
Other Revenue $0
TOTAL REVENUE $108,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $47,199
Other Expenses $49,761
TOTAL EXPENSES $49,761

Year-over-Year Comparison

2023 2022 Change
Revenue $108,234 $126,059 -14.1%
Expenses $49,761 $33,307 +49.4%
Net Income $58,473 $92,752 -37.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required

Financial Health Indicators

Financial Distress Indicator (Altman Z-Score)
✓ Safe Zone — Low probability of financial distress
8.02
>2.6 safe · 1.1–2.6 gray · <1.1 distress

Learn about the Altman Z-Score methodology adapted for nonprofits →

Liquidity & Cash Position

Current Ratio
117.46
Target: >2.0 is healthy
Cash Reserve
144.5
Months of expenses covered
Cash to Assets
35.3%
Liquid asset ratio
Working Capital
$628,307
Current assets − liabilities

Solvency & Debt Position

Solvency Ratio
314.22
Assets / Liabilities (>1 is solvent)
Debt Ratio
0.3%
Liabilities / Assets (lower is better)
Debt to Net Assets
0.00
Leverage ratio

Revenue Sustainability & Diversification

Self-Sufficiency
100.0%
Program revenue / Total revenue
Donation Dependence
0.0%
Contributions / Total revenue
Revenue Concentration
100.0%
Largest source (lower = more diverse)

Operational Performance

Admin Efficiency
5.1%
Target: 10–20% is optimal
Asset Turnover
0.06x
Revenue / Assets
Expense Coverage
407.5
Months can operate w/o income
Surplus Margin
54.0%
Net income / Revenue

Growth Indicators

Net Assets Growth
3.6%
Year-over-year change

Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY/EX 1.00
Director
$0 $0 $0
N/A TREASURER 2.50
Officer
$0 $0 $0
N/A PRESIDENT 1.00
Officer
$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 $108,234 $49,761 $1,695,242 $58,473
2022 $126,059 $33,307 $1,636,769 $92,752
2021 $120,644 $38,602 $1,548,892 $82,042
2020 $97,319 $39,977 $1,456,580 $57,342
2019 $115,979 $50,605 $1,404,238 $65,374
2018 $113,647 $57,993 $1,333,864 $55,654
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