WORK PLACE INC

EIN: 050395816 501(c)(3)

PROVIDENCE, RI

Total Revenue
$82,857
Total Expenses
$66,043
Total Assets
$19,050
Net Assets
$1,941
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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
1982
Legal Domicile
RI
Principal Officer
LAURIE BLATZ
Phone
4013518789
Tax Period
2019-07-01 to 2020-06-30

WORK PLACE INC, founded in 1982, is a micro nonprofit that reported $83K in total revenue in fiscal year 2019. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $17K, a strong 20% operating margin.

Mission

OUR MISSION IS TO PROVIDE FOOD TRAINING AND JOB PLACEMENT ASSISTANCE FOR INDIVIDUALS WITH DISABILITIES AND/OR THOSE SEEKING TO OVERCOME LIFE CHALLENGES TOWARD SUCCESSFUL EMPLOYMENT

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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 (2019)

Revenue Breakdown

Contributions & Grants $2,477
Program Service Revenue $80,380
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,097
Fundraising Expenses $0
Program Expenses $66,043
Other Expenses $20,946
TOTAL EXPENSES $66,043

Year-over-Year Comparison

2019 2018 Change
Revenue $82,857 $73,470 +0.1%
Expenses $66,043 $76,230 -0.1%
Net Income $16,814 $-2,760 -7.1%
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
6
Independent Members
6
Employees
4
Volunteers
6

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK FIELDS VICE PRESIDENT 1
Director
$0 $0 $0
DEB BISBANO PRESIDENT 5
Director
$0 $0 $0
ALBERT BOARD MEMBER 1
Director
$0 $0 $0
LAURIE BLATZ TREASURER 10
Director
$0 $0 $0
RUTH WINOGRAD SECRETARY 1
Director
$0 $0 $0
ALANA SOUSA PULLAN BOARD MEMBER 1
Director
$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
2020 $82,857 $66,043 $19,050 $16,814
2018 $98,394 $102,857 $13,282 $-4,463
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