Seniors Job Bank Inc

Nonprofit profile at a glance

EIN
364748147
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
West Hartford, CT, USA
Phone
8605213210
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$129,825
Expenses
$118,594
Assets
$346,139
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Lester Primus (President)
  • Clem Sayers (Vice President)
  • Robin H Clare (Executive Director)

People named in this filing

  • Lester Primus (President)
  • Clem Sayers (Vice President)
  • Lisa Larsen (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Part III: Job Referral Service. The Seniors Job Bank provides a free job referral service to connect people over 50 years of age looking for work with businesses, organizations, and households seeking workers in the Greater Hartford, CT area. The potential employer and individual seeking work will negotiate the terms of employment that may result from such connections.

What it reported doing in 2024

The Seniors Job Bank had a productive year in 2024 adding volunteer jobs to our database. We connected to a wide variety of community partners, key constituents and businesses through our exstensive job outreach efforts. Our marketing efforts included updating our website, launching social media pages, paticipating in job fairs, Initiating a podcast, and a monthly enewsletter. On the automation front, we continue to work with our grant tracking system, and donor management system, to improve the functionality. We expanded our community outreach through a training program for Seniors working into retirement and participating in local community events for Seniors in the Greater Hartford area.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92%; rating input score 92
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 8.7%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 46.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 21.5% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 92% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $119K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.