WORLD CONNECT 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

2005

Legal Domicile

Principal Officer

PAMELA NATHENSON

Phone

6464081257

Tax Period

2023-01-01 to 2023-12-31

WORLD CONNECT INC, founded in 2005, is a community nonprofit in the International Affairs sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

WORLD CONNECT INVESTS EARLY-STAGE FUNDING IN GRASSROOTS, LOCALLY DESIGNED AND LED PROJECTS THAT DRIVE TRANSFORMATIVE, SELF-SUSTAINING DEVELOPMENT IN THE MOST UNDER-RESOURCED AREAS OF THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $1,593,658

WORLD CONNECT AWARDED 461,042 IN GLOBAL GRANTS IN 2023 FOR 82 PROJECTS THAT PROMOTES HEALTH, PROTECT THE ENVIRONMENT, INCREASE EDUCATION AND ECONOMIC OPPORTUNITY, AND ACCESS TO COMMUNITY SERVICES...

WORLD CONNECT AWARDED 461,042 IN GLOBAL GRANTS IN 2023 FOR 82 PROJECTS THAT PROMOTES HEALTH, PROTECT THE ENVIRONMENT, INCREASE EDUCATION AND ECONOMIC OPPORTUNITY, AND ACCESS TO COMMUNITY SERVICES WITH A FOCUS ON WOMEN AND CHILDREN. WORLD CONNECT WORKS WITH STRATEGIC PARTNERS IN THE FIELD WHO ARE WELL POSITIONED TO SUPPORT GENUINE GRASSROOTS LEADERSHIP AND PROJECT DEVELOPMENT. WORLD CONNECT PROJECTS MUST BE LOCALLY LED AND DEMONSTRATE THE PROMISE OF PROMOTING FURTHER COMMUNITY LED DEVELOPMENT.

Program 2

Expenses: $593,519

WORLD CONNECT LAUNCHED THE NYC CONNECT PROGRAM IN 2022. IT AWARDED 436,000 IN GRANTS IN 2023 FOR 20 PROJECTS THAT PROMOTE HEALTH, PROTECT THE ENVIRONMENT, INCREASE EDUCATION AND ECONOMIC OPPORTUNITY, AND ACCESS TO COMMUNITY SERVICES. NYC CONNECT GRANTEES INCLUDED NON-PROFITS, LLCS, AND FISCALLY SPONSORED GROUPS.

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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 $2,067,909

Program Service Revenue $0

Investment Income $6,733

Other Revenue $750

TOTAL REVENUE $2,075,392

Expense Breakdown

Grants Paid $897,042

Salaries & Benefits $1,150,059

Fundraising Expenses $237,501

Program Expenses $2,187,177

Other Expenses $614,106

TOTAL EXPENSES $2,661,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,075,392	$2,462,848	-0.2%
Expenses	$2,661,207	$1,969,093	+0.4%
Net Income	$-585,815	$493,755	-2.2%

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

$238,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA NATHENSON	EXECUTIVE DI	40.00	Officer	$205,443	$33,078	$238,521
CHRISTINE LACKOWSKI	CHIEF OPERAT	40.00	Highest	$157,115	$20,530	$177,645
KATHRYN MURPHY	GLOBAL DIR.	40.00	Highest	$120,000	$28,548	$148,548
GEORGE BIDDLE	CHAIRMAN	4.00	Officer Director	$0	$0	$0
STEPHANIE CABOT	SECRETARY	3.00	Officer Director	$0	$0	$0
JAMES HUNT	TREASURER	3.00	Officer Director	$0	$0	$0
COURTENAY CABOT VENTON	DIRECTOR	1.00	Director	$0	$0	$0
CLARA BINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HECHT	DIRECTOR	1.00	Director	$0	$0	$0
SEAN REILLY	DIRECTOR	1.00	Director	$0	$0	$0
GLEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPH BECKER	DIRECTOR	1.00	Director	$0	$0	$0
JACK SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
AYANNA WAYNER	DIRECTOR	1.00	Director	$0	$0	$0
JULIA HANEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COUMANTAROS	DIRECTOR	1.00	Director	$0	$0	$0
JJ RAMBERG	DIRECTOR	1.00	Director	$0	$0	$0
REHMAH KASULE	DIRECTOR	1.00	Director	$0	$0	$0
TAMALA CHIRWA	DIRECTOR	1.00	Director	$0	$0	$0
MORAG NEILL-JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
AMEDEE PROUVOST	DIRECTOR	1.00	Director	$0	$0	$0
ARUM LEE LANSEL	DIRECTOR	1.00	Director	$0	$0	$0
ANATOLE MANZI	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SCHWARTZMAN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,075,392	$2,661,207	$1,437,505	$-585,815
2022	$2,462,848	$1,969,093	$1,841,564	$493,755
2021	$2,125,388	$1,824,602	$1,270,672	$300,786
2020	$1,847,024	$1,716,780	$1,087,497	$130,244
2019	$1,997,621	$1,943,310	$806,606	$54,311
2018	$1,849,392	$1,545,602	$1,045,371	$303,790