WOCIP FOUNDATION A NJ NONPROFIT CORPORATION (EIN 834373750) - 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

2019

Legal Domicile

Principal Officer

JAMILA WATKINS

Tax Period

2022-01-01 to 2022-12-31

WOCIP FOUNDATION A NJ NONPROFIT CORPORATION, founded in 2019, is a small nonprofit in the Human Services sector that reported $299K in total revenue in fiscal year 2022. Revenue surged 516% from the prior year, signaling strong growth momentum. Expenses of $266K left a modest 11% surplus.

Mission

TO EMPOWER WOMEN OF COLOR IN PHARMA AND THE LIFE SCIENCES TO EXCEL IN THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT AND TO TRANSFORM THEIR PATHWAY AND THE PATHWAY OF OTHERS. BY CREATING A NURTURING AND SAFE ENVIRONMENT FOR SELF-REFLECTION AND DISCOVERY AMONGST BLACK AND LATINA WOMEN TO FOSTER PERSONAL AND PROFESSIONAL GROWTH THAT WILL ADDRESS A CRITICAL GAP REQUIRED TO PROMOTE INNOVATION AND LEADERSHIP.

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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 $299,398

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,398

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,974

Other Expenses $254,593

TOTAL EXPENSES $265,593

Year-over-Year Comparison

	2022	2021	Change
Revenue	$299,398	$48,606	+5.2%
Expenses	$265,593	$26,895	+8.9%
Net Income	$33,805	$21,711	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA CORNET	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE JONES-BURTON	DIRECTOR	2.00	Director	$0	$0	$0
JAMILA WATKINS	DIRECTOR	3.00	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
2022	$299,398	$265,593	$74,217	$33,805
2022	$299,398	$265,593	$74,217	$33,805

WOCIP FOUNDATION A NJ NONPROFIT CORPORATION