FEDCAP NYC 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

2023

Legal Domicile

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

FEDCAP NYC WAS FORMED TO PROVIDE WORKFORCE DEVELOPMENT OPPORTUNITIES FOR PEOPLE WHO FACE BARRIERS TO ECONOMIC WELL-BEING. THE INDIVIDUALS FACING BARRIERS TO EMPLOYMENT AND ECONOMIC WELL-BEING THAT FEDCAP SERVES INCLUDES INDIVIDUALS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES, YOUTH TRANSITIONING FROM FOSTER CARE, VETERANS, OLDER WORKERS, THE PREVIOUSLY INCARCERATED, THE HOMELESS, THOSE STRUGGLING WITH MENTAL ILLNESS AND ADDICTION, LOW-INCOME INDIVIDUALS AND FAMILIES, AND THE CHRONICALLY UNEMPLOYED.

Program Service Accomplishments

Program 1

Expenses: $6,601,689 Revenue: $8,434,024

FEDCAP NYC PROVIDES A FULL RANGE OF WORKFORCE DEVELOPMENT SERVICES FROM EVALUATION AND CAREER COUNSELING THROUGH VOCATIONAL AND SOFT-SKILLS TRAINING TO JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT...

FEDCAP NYC PROVIDES A FULL RANGE OF WORKFORCE DEVELOPMENT SERVICES FROM EVALUATION AND CAREER COUNSELING THROUGH VOCATIONAL AND SOFT-SKILLS TRAINING TO JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT. THESE PROGRAMS ARE FUNDED THROUGH VARIOUS COMPETITIVE-BID CONTRACTS AWARDED BY STATE AND LOCAL GOVERNMENT AGENCIES THAT ARE TARGETED TO ASSIST LOW-INCOME INDIVIDUALS WHO QUALIFY FOR PUBLIC ASSISTANCE. SOME OF THESE PROGRAMS ARE ALSO FUNDED BY PRIVATE SECTOR COMPANY CONTRACTS AWARDED THROUGH A COMPETITIVE BID PROCESS. THESE CONTRACTS ALSO ALSO ALLOW FEDCAP TO FILL JOB OPENINGS AND MEET OUTSOURCING NEEDS FOR COMPANIES WITH FEDCAP PROGRAM GRADUATES, THEREBY FULFILLING ITS MISSION TO HELP THOSE FACING BARRIERS ACHIEVE ECONOMIC INDEPENDENCE AND 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 $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

Governance

Voting Members

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

$1,820,003

Total Directors

$928,076

Key Employees

Highest Compensated

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