NEEDATECH STAFFING 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

2016

Legal Domicile

Principal Officer

JAIME DELGADO

Phone

5629405453

Tax Period

2023-01-01 to 2023-12-31

NEEDATECH STAFFING INC, founded in 2016, is a small nonprofit that reported $412K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $597K exceeded revenue, resulting in a 45% operating deficit.

Mission

NEEDATECH IS DEDICATED TO HELPING INDIVIDUALS SECURE AND RETAIN EMPLOYMENT WHILE PROVIDING CAREER PLACEMENT AND LOCALIZING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $518,442 Revenue: $412,441

CORE EMPLOYMENT PROGRAM-CAREER PLACEMENT AND LOCALIZING SERVICES--WITH THE INTENTION OF ASSISTING INDIVIDUALS FIND AND RETAIN EMPLOYMENT, NEEDATECH OFFERS PREPARATION AND JOB READINESS SERVICES THAT STRENGTHEN LOW-INCOME OR PARTICIPANTS WITH 'CHECKERED' PASTS. PARTICIPANTS ARE PROVIDED, OR DIRECTED TO TRAINING IN VARIOUS FIELDS FOR PROJECT OR FULL TIME BASIS.PARTICIPANTS WHO OTHERWISE WERE UNEMPLOYED ARE THEN EMPLOYABLE, AND ABLE TO PROVIDE FOR THEMSELVES, THEIR FAMILIES.

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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 $0

Program Service Revenue $412,411

Investment Income $0

Other Revenue $0

TOTAL REVENUE $412,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,044

Fundraising Expenses $0

Program Expenses $518,442

Other Expenses $110,385

TOTAL EXPENSES $597,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,411	$1,034,254	-0.6%
Expenses	$597,429	$735,640	-0.2%
Net Income	$-185,018	$298,614	-1.6%

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

$102,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENRIQUE COBARRUBIAS	DIRECTOR	1.00	Director	$0	$0	$0
JAIME DELGADO	PRESIDENT AND EXECUTIVE DI	40.00	Officer	$90,000	$0	$90,000
EILEEN A DELGADO	SECRETARY	8.00	Officer	$12,000	$0	$12,000
CHRISTOPHER FLORES	BOARD CHAIR	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	$412,411	$597,429	$213,983	$-185,018
2022	$1,034,254	$735,640	$436,780	$298,614
2021	$358,324	$328,749	$130,455	$29,575
2020	$175,615	$196,171	$117,436	$-20,556
2019	$108,031	$158,006	$41,655	$-49,975
2018	$275,840	$301,588	$124,982	$-25,748