THE FEDCAP GROUP INC (EIN 830765672) - 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

2018

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

2127274200

Tax Period

2023-10-01 to 2024-09-30

THE FEDCAP GROUP INC, founded in 2018, is a mid-sized nonprofit in the Employment sector that reported $36.3M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $32.9M left a modest 9% surplus.

Mission

WE ARE COMMITTED TO IMPROVING THE LIVES OF PEOPLE WITH BARRIERS TO ECONOMIC WELL-BEING.

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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 $888,525

Program Service Revenue $32,200,553

Investment Income $3,750,820

Other Revenue $-562,710

TOTAL REVENUE $36,277,188

Expense Breakdown

Grants Paid $391,443

Salaries & Benefits $15,976,179

Fundraising Expenses $1,779,002

Program Expenses $1,109,501

Other Expenses $16,575,975

TOTAL EXPENSES $32,943,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,277,188	$24,697,027	+0.5%
Expenses	$32,943,597	$24,231,270	+0.4%
Net Income	$3,333,591	$465,757	+6.2%

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

106

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

$2,954,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK O'DONOGHUE	CHAIR	1.00	Officer Director	$0	$0	$0
LYNN MORGEN	TREASURER	1.00	Officer Director	$0	$0	$0
PETER SAMUELS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LANDAU	BOARD MEMBER (THRU 01/24)	1.00	Director	$0	$0	$0
MARK COOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIE JUSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MCMAHON	PRESIDENT & CEO OF FEDCAP	40.00	Officer	$740,366	$151,561	$891,927
CAROL KHOURY	CFO OF FEDCAP	40.00	Officer	$339,404	$8,517	$347,921
JAMES MALATRAS	CHIEF STRATEGY OFF. & VP EDUC.	40.00	Officer	$415,468	$541	$416,009
KENNETH BREZENOFF	GEN. COUNSEL & VP STRAT.	40.00	Officer	$243,373	$18,802	$262,175
TAMMY MICKELSON	CHIEF INFORMATION OFFICER	40.00	Officer	$270,541	$20,073	$290,614
GRANT COLLINS	SVP WORKFORCE DEVELOPMENT	1.00	Officer	$0	$21,190	$317,980
STEVEN COONS	PRESIDENT, FEDCAP REHABILI	1.00	Officer	$0	$10,262	$427,671
ANDREW RASIEJ	EXECUTIVE DIRECTOR	40.00	Highest	$282,826	$17,948	$300,774
MARTIN HANNA	SENIOR VICE PRESIDENT	40.00	Highest	$249,200	$0	$249,200
GILBERT RICOTTA	VP REVENUE CYCLE	40.00	Highest	$249,200	$10,096	$259,296
MARYAM SHAHRESTANI	DIR OF ORACLE HCM CLOUD PRODUCTS	40.00	Highest	$190,377	$5,195	$195,572
PAUL COURVILLE	VP INFORMATION SYSTEMS	40.00	Highest	$187,258	$6,404	$193,662

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	$36,277,188	$32,943,597	$30,575,557	$3,333,591
2023	$24,697,027	$24,231,270	$27,129,496	$465,757
2022	$8,832,900	$15,387,565	$191,700	$-6,554,665
2021	$364,913	$2,119,196	$301,676	$-1,754,283

THE FEDCAP GROUP INC