TEAMWORK ASSOCIATES INC

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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

2003

Legal Domicile

Principal Officer

BETH HOUGEN

Phone

6084428785

Tax Period

2024-01-01 to 2024-12-31

TEAMWORK ASSOCIATES INC, founded in 2003, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 6% surplus.

Mission

TEAMWORK ASSOCIATES CREATES A TRUSTED PARTNERSHIP WITH CHILDREN, YOUTH AND FAMILIES, EMPOWERING ALL TO ACHIEVE THEIR MOST MEANINGFUL LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,322,482 Revenue: $1,517,051

TO DELIVER CASE MANAGEMENT THAT IS PERSONALIZED TO EACH INDIVIDUALS NEEDS AND CONSISTENTLY HELPFUL OVER TIME. CLIENTS ARE CHILDREN WITH DEVELOPMENTAL DISABILITIES AGES OF BIRTH-18 WHO LIVE WITH THEIR...

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,169

Program Service Revenue $1,517,051

Investment Income $699

Other Revenue $44

TOTAL REVENUE $1,522,963

Expense Breakdown

Grants Paid $3,596

Salaries & Benefits $1,262,730

Fundraising Expenses $0

Program Expenses $1,322,482

Other Expenses $171,141

TOTAL EXPENSES $1,437,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,522,963	$1,478,185	+0.0%
Expenses	$1,437,467	$1,369,725	+0.0%
Net Income	$85,496	$108,460	-0.2%

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

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

$100,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY URSEM	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRED SWANSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CASEY THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE NICHOLS-YOUNES	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH BYERLEY	MEMBER	1.00	Director	$0	$0	$0
NICOLE JAGDFELD	MEMBER	1.00	Director	$0	$0	$0
LEANNE CORDISCO	MEMBER	1.00	Director	$0	$0	$0
BETH HOUGEN	EXECUTIVE DIRECTOR	40.00	Officer	$96,966	$3,405	$100,371

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	$1,522,963	$1,437,467	$554,016	$85,496
2023	$1,478,185	$1,369,725	$463,247	$108,460
2022	$1,435,757	$1,325,333	$347,752	$110,424
2021	$1,316,305	$1,367,485	$236,476	$-51,180
2020	$978,189	$919,774	$286,481	$58,415
2019	$915,601	$850,783	$225,150	$64,818
2018	$675,638	$664,861	$166,488	$10,777