Workshop In Business Opportunities INC

EIN: 132635819 501(c)(3)

NEW YORK, NY

Total Revenue
$161,157
Total Expenses
$163,322
Total Assets
$67,822
Net Assets
$67,822
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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
NY
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

To help minorities develop real and lasting power through business ownership.

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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 (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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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 $216,995 $192,039 $15,685 $24,956
2019 $174,800 $123,785 $41,744 $51,015
2018 $175,941 $201,687 $58,367 $-25,746
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