THE WORKSHOP 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

1954

Legal Domicile

Principal Officer

NANCY RIDER

Phone

5184655201

Tax Period

2020-01-01 to 2020-12-31

THE WORKSHOP INC, founded in 1954, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year. Expenses of $4.6M left a modest 6% surplus.

Mission

EMPOWERING PEOPLE TO BREAK THROUGH BARRIERS TO EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $3,436,791 Revenue: $3,036,898

NORTHEAST CAREER PLANNING (NCP) EMPOWERS INDIVIDUALS WITH DISABILITIES OR OTHER BARRIERS TO ACHIEVE THEIR GOALS TOWARD SELF-SUFFICIENCY AND PERSONAL SUCCESS. NCP OFFERS A WIDE RANGE OF PROGRAMS...

NORTHEAST CAREER PLANNING (NCP) EMPOWERS INDIVIDUALS WITH DISABILITIES OR OTHER BARRIERS TO ACHIEVE THEIR GOALS TOWARD SELF-SUFFICIENCY AND PERSONAL SUCCESS. NCP OFFERS A WIDE RANGE OF PROGRAMS INCLUDING VOCATIONAL EVALUATION, VOCATIONAL TRAINING, JOB PLACEMENT AND EDUCATIONAL SERVICES. OUR TEAM SERVED MORE THAN 1,000 INDIVIDUALS AND APPROXIMATELY 36,401 UNITS ACROSS EIGHT COUNTIES IN UPSTATE NEW YORK DURING 2020.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,832,609

Program Service Revenue $2,679,278

Investment Income $0

Other Revenue $357,620

TOTAL REVENUE $4,869,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,583,296

Fundraising Expenses $0

Program Expenses $3,436,791

Other Expenses $982,941

TOTAL EXPENSES $4,566,237

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,869,507	$5,377,594	-0.1%
Expenses	$4,566,237	$5,376,859	-0.2%
Net Income	$303,270	$735	+411.6%

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

147

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

$360,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLO FUSCO	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONALD ANZALONE	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL LEVINE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES BERTOLAMI	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT COMMISSO	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
KAREN SIMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER COURTNEY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL STRASSER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN WATTS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ARISOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY CRUISE	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY RIDER	CHIEF EXECUTIVE OFFICER	37.50	Officer	$175,736	$21,108	$196,844
NADINE WALSH	CHIEF FINANCIAL OFFICER	37.50	Officer	$142,677	$20,772	$163,449

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	$4,869,507	$4,566,237	$3,888,249	$303,270
2019	$5,377,594	$5,376,859	$3,845,670	$735
2018	$6,338,055	$5,323,604	$3,707,085	$1,014,451