NEWARK AREA WELFARE COMMITTEE INC

EIN: 510275119 501(c)(3)

NEWARK, DE

Total Revenue
$394,905
Total Expenses
$371,700
Total Assets
$186,326
Net Assets
$186,326
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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
1988
Legal Domicile
DE
Principal Officer
SUE FORMAN
Phone
3025408670
Tax Period
2024-01-01 to 2024-12-31

NEWARK AREA WELFARE COMMITTEE INC, founded in 1988, is a small nonprofit that reported $395K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $372K left a modest 6% surplus.

Mission

THE NEWARK AREA WELFARE COMMITEE (THE ENTITY) IS AN EXPANDING NONPROFIT ORGANIZATION, WHOSE MISSION IS TO SERVE THE UNDER PRIVILEGED CITIZENS OF THE COMMUNITY OF NEWARK, DELAWARE. THE ENTITY ACHIEVES THIS BY PROVIDING FOOD, SHOES, AND ASSISTANCE WITH UTILITY BILLS AND RENT TO THE LESS FORTUNATE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,839
Program Service Revenue $0
Investment Income $46
Other Revenue $5,020
TOTAL REVENUE $394,905

Expense Breakdown

Grants Paid $43,800
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $358,671
Other Expenses $327,900
TOTAL EXPENSES $371,700

Year-over-Year Comparison

2024 2023 Change
Revenue $394,905 $320,369 +0.2%
Expenses $371,700 $300,187 +0.2%
Net Income $23,205 $20,182 +0.1%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
175

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYN HENSHAW PRESIDENT 12.00
Officer Director
$0 $0 $0
SUE FORMAN TREASURER 12.00
Officer Director
$0 $0 $0
DEBORAH SEADOR SERETARY 12.00
Officer Director
$0 $0 $0
TAMMY SHARP VICE PRESIDENT 12.00
Officer Director
$0 $0 $0
JOE BRADY DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
KATIE HUGHES DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
DEBI THOMAS DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
STEPHEN MANGAT DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
FRANK HENSHAW DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
KAREN BRADY SHOE PROGRAM CO CHAIR 2.00
Director
$0 $0 $0
JENNY DARDEN FOOD CUPBOARD CO CHAIR 2.00
Director
$0 $0 $0
JAYME GRAVELL NON VOTING MEMBER 2.00
Director
$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
2025 No data No data No data No data
2024 $394,905 $371,700 $186,326 $23,205
2023 $320,369 $300,187 $163,121 $20,182
2022 $223,125 $225,757 $143,039 $-2,632
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