Workshop In Business Opportunities… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

MYRON BLUMENFELD

Phone

6464000566

Tax Period

2022-01-01 to 2022-12-31

Workshop In Business Opportunities INC, founded in 1966, is a small nonprofit that reported $161K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

tHE ORGANIZATIONS MISSION IS TO PREPARE MINORITIES TO DEVELOP BUSINESSES IN THE COMMUNITY. kNOWLEDGE TRANSFER TO EACH INDIVIDUAL PARTICIPANT. pROGRAM ACCESS AFTER COMPLETION INTO NETWORK OF GRADUATES OF THE PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $94,586

Workshops and programs to train entrepreneurs on expanding business in economically underdeveloped areas of New York.

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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 (2022)

Revenue Breakdown

Contributions & Grants $161,157

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $161,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,111

Fundraising Expenses $3,294

Program Expenses $94,586

Other Expenses $71,211

TOTAL EXPENSES $163,322

Year-over-Year Comparison

	2022	2021	Change
Revenue	$161,157	$227,200	-0.3%
Expenses	$163,322	$235,935	-0.3%
Net Income	$-2,165	$-8,735	-0.8%

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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Myron Blumfeld	Chair	002.00	Director	$0	$0	$0
Andrew Dillow	Secretary	002.00	Director	$0	$0	$0
Daniel Hoffman	Officer	002.00	Officer Director	$0	$0	$0
Tatiana Nikitana	Officer	002.00	Officer 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
2024	No data	No data	No data	No data
2022	$161,157	$163,322	$67,822	$-2,165
2021	$227,200	$235,935	$69,987	$-8,735
2020	$208,279	$238,164	$66,800	$-29,885
2019	$174,800	$123,785	$41,744	$51,015
2019	$216,995	$192,039	$15,685	$24,956
2018	$175,941	$201,687	$58,367	$-25,746

Workshop In Business Opportunities INC