CENTER FOR HEALTHCARE WORKFORCE DEVELOPM

EIN: 853129842 Employment

NEW YORK, NY

Total Revenue
$1,895,243
Total Expenses
$1,691,543
Total Assets
$2,211,901
Net Assets
$285,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
MERCEDES MAMBRU
Phone
6464736336
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR HEALTHCARE WORKFORCE DEVELOPM, founded in 2020, is a community nonprofit in the Employment sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 11% surplus.

Mission

TO IMPROVE COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT; PROVIDE WORKERS AND EMPLOYERS WITH OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS; ASSISTING WORKERS AND EMPLOYERS IN SOLVING PROBLEMS OF MUTUAL CONCERN THAT ARE NOT SUSCEPTIBLE TO RESOLUTION WITHIN THE COLLECTIVE BARGAINING PROCESS; STUDYING AND EXPLORING WAYS OF ELIMINATING POTENTIAL PROBLEMS WHICH REDUCE THE COMPETITIVENESS AND INHIBIT THE ECONOMIC DEVELOPMENT OF THE HEALTH CARE INDUSTRY; ENHANCING THE INVOLVEMENT OF WORKERS IN MAKING DECISIONS THAT AFFECT THEIR WORKING LIVES; EXPANDING AND IMPROVING WORKING RELATIONSHIPS BETWEEN WORKERS AND MANAGERS; ANDENCOURAGING FREE COLLECTIVE BARGAINING BY ESTABLISHING CONTINUING MECHANISMS FOR COMMUNICATION BETWEEN EMPLOYERS AND THEIR EMPLOYEES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,895,243
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,895,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,177
Fundraising Expenses $0
Other Expenses $1,675,366
TOTAL EXPENSES $1,691,543

Year-over-Year Comparison

2023 2022 Change
Revenue $1,895,243 $1,242,504 +0.5%
Expenses $1,691,543 $1,243,726 +0.4%
Net Income $203,700 $-1,222 -167.7%
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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC KRAMER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT OLIVER DIRECTOR 1.00
Director
$0 $0 $0
MARIA CASTANEDA DIRECTOR - PAST 1.00
Director
$0 $0 $0
MILLY SILVA DIRECTOR 1.00
Director
$0 $0 $0
HELEN SCHAUB DIRECTOR 1.00
Director
$0 $0 $0
BARABARA LOGAN DIRECTOR 1.00
Director
$0 $0 $0
SANDI VITO EXECUTIVE MANAGER 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 $1,895,243 $1,691,543 $2,211,901 $203,700
2022 $1,242,504 $1,243,726 $1,541,082 $-1,222
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