FEDCAP NYC INC

EIN: 932034826 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$8,434,024
Total Expenses
$8,028,441
Total Assets
$6,497,958
Net Assets
$405,583
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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
2023
Legal Domicile
NY
Principal Officer
CHRISTINE MCMAHON
Phone
2127274219
Tax Period
2023-10-01 to 2024-09-30

FEDCAP NYC INC, founded in 2023, is a community nonprofit in the Human Services sector that reported $8.4M in total revenue in fiscal year 2023. Expenses of $8.0M left a modest 5% surplus.

Mission

TO PROVIDE WORKFORCE DEVELOPMENT OPPORTUNITIES FOR PEOPLE WHO FACE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,434,024
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,434,024

Expense Breakdown

Grants Paid $214,210
Salaries & Benefits $4,417,561
Fundraising Expenses $0
Program Expenses $6,601,689
Other Expenses $3,396,670
TOTAL EXPENSES $8,028,441

Year-over-Year Comparison

2023 2022 Change
Revenue $8,434,024 N/A N/A
Expenses $8,028,441 N/A N/A
Net Income $405,583 N/A N/A
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
3
Independent Members
N/A
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
4
$1,820,003
Total Directors
3
$928,076
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL KHOURY CFO OF FEDCAP 1.00
Officer Director
$0 $8,517 $347,921
KENNETH S BREZENOFF GEN COUNSEL & VP STRAT. INIT. 1.00
Officer Director
$0 $18,802 $262,175
GRANT COLLINS SECRETARY 40.00
Officer Director
$0 $21,190 $317,980
CHRISTINE MCMAHON PRESIDENT & CEO OF FEDCAP 1.00
Officer
$0 $151,561 $891,927
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 $8,434,024 $8,028,441 $6,497,958 $405,583
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