United Way of Bloomfield

Nonprofit profile at a glance

EIN
221641736
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016
Location
Bloomfield, NJ, USA
Phone
9737481732
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$173,801
Expenses
$185,457
Assets
$351,902
Liabilities
$5,412

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • LAURENCE E KAROSEN (President)
  • VINCENT S ROSPOND (Vice President)
  • JOHN GENERAZIO (Vice President)
  • MARVA HANKS (Vice President)
  • JANET MCCARTHY (Vice President)

People named in this filing

  • LAURENCE E KAROSEN (President)
  • VINCENT S ROSPOND (Vice President)
  • JOHN GENERAZIO (Vice President)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the ongoing community effort in the development, enhancement and promotion of a healthy community.The organization provides guidance and support in the areas of education, employment, income, mental and physical health, and even recreation in Bloomfield.

What it reported doing in 2016

Collection and distribution of funds to qualified local charities and social services organizations.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Hybrid. The nonprofit split its reported program spending across 65% for direct work, and 35% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.1%; rating input score 76
  • Program expense ratio: 71.3%; rating input score 71

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -6.7%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 1.9; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 19.8%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 76.1% of revenue deployed · 71.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $132K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.