PUTTING NEW YORKERS TO WORK INC (EIN 273710229) - 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

2010

Legal Domicile

Principal Officer

JAMES WHELAN

Phone

2126165200

Tax Period

2023-01-01 to 2023-12-31

PUTTING NEW YORKERS TO WORK INC, founded in 2010, is a small nonprofit in the Employment sector that reported $555K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $693K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF NEW YORK BY RESEARCHING, CREATING & PROPOSING POLICIES, LEGISLATION, PROGRAMS, IDEAS AND BEST PRACTICES TO FOSTER A VIBRANT ENVIROMENT FOR PRIVATE SECTOR JOB GROWTH IN NEW YORK STATE. THE CORPORATION WILL ALSO PUBLISH AND PROMOTE SUCH INFORMATION AND IDEAS IN THE PUBLIC DOMAIN TO ENCOURAGE CITIZEN PARTICIPATION AND THE FREE FLOW OF INFORMATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $555,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $555,000

Expense Breakdown

Grants Paid $43,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $689,403

Other Expenses $649,953

TOTAL EXPENSES $692,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,000	$307,459	+0.8%
Expenses	$692,953	$711,426	0.0%
Net Income	$-137,953	$-403,967	-0.7%

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

N/A

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

$1,649,806

Total Directors

$1,649,806

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WHELAN	PRESIDENT	0.10	Officer Director	$0	$81,177	$937,607
REGGIE THOMAS	SECRETARY	0.10	Officer Director	$0	$40,240	$412,985
MAUREEN LAUSTER	TREASURER	0.10	Officer Director	$0	$33,746	$299,214

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	$555,000	$692,953	$80,506	$-137,953
2022	$307,459	$711,426	$92,432	$-403,967
2021	$1,694,290	$1,320,594	$343,928	$373,696
2020	$894,900	$1,291,883	$281,632	$-396,983
2019	$1,286,400	$1,421,524	$276,232	$-135,124
2018	$634,000	$339,248	$401,529	$294,752

PUTTING NEW YORKERS TO WORK INC