NEW HAVEN WORKS INC (EIN 462662124) - 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

2013

Legal Domicile

Principal Officer

INGRID DERRICK-LEWIS

Phone

2035629000

Tax Period

2022-07-01 to 2023-06-30

NEW HAVEN WORKS INC, founded in 2013, is a small nonprofit in the Education sector that reported $974K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

NEW HAVEN WORKS CONNECTS NEW HAVEN RESIDENTS TO GOOD JOBS AND EMPLOYERS TO QUALIFIED PRE-SCREENED CANDIDATES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $972,587

Program Service Revenue $0

Investment Income $292

Other Revenue $1,596

TOTAL REVENUE $974,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $764,958

Fundraising Expenses $6,903

Program Expenses $795,828

Other Expenses $229,141

TOTAL EXPENSES $994,099

Year-over-Year Comparison

	2022	2021	Change
Revenue	$974,475	$849,256	+0.1%
Expenses	$994,099	$911,764	+0.1%
Net Income	$-19,624	$-62,508	-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

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

$86,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORGE PEREZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GARRETT SHEEHAN	TREASURER	1.00	Officer Director	$0	$0	$0
HON JUSTIN ELICKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DORINDA MANNER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN ZUCKER	DIRECTOR	1.00	Director	$0	$0	$0
MISHELE RODRIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
HON TYISHA WALKER-MYERS	DIRECTOR	1.00	Director	$0	$0	$0
KEN SUZUKI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WINGATE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MASON	EXECUTIVE DIRECTOR (7/1/2022-9/15/2022)	40.00	Officer	$0	$0	$0
INGRID DERRICK-LEWIS	EXECUTIVE DIRECTOR (9/15/2022-6/30/2023)	40.00	Officer	$69,474	$17,148	$86,622

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$974,475	$994,099	$491,759	$-19,624
2022	$849,256	$911,764	$685,482	$-62,508
2021	$1,088,072	$871,695	$768,537	$216,377
2020	$681,860	$704,128	$366,543	$-22,268
2019	$737,563	$662,971	$284,233	$74,592
2018	$684,057	$650,063	$216,738	$33,994

NEW HAVEN WORKS INC