WORKING AMERICA (EIN 200263611) - Form 990 Financial Analysis & Trantor Score

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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

MATTHEW MORRISON

Phone

2026375137

Tax Period

2024-07-01 to 2025-06-30

WORKING AMERICA, founded in 2003, is a mid-sized nonprofit that reported $79.2M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum.

Mission

TO EMPOWER WORKERS WHO DO NOT BELONG TO LABOR ORGANIZATIONS.

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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 $18,901,088

Program Service Revenue $41,385,000

Investment Income $70,248

Other Revenue $18,800,584

TOTAL REVENUE $79,156,920

Expense Breakdown

Grants Paid $2,500,000

Salaries & Benefits $39,035,390

Fundraising Expenses $236,956

Program Expenses $79,741,673

Other Expenses $40,782,753

TOTAL EXPENSES $82,318,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,156,920	$45,834,677	+0.7%
Expenses	$82,318,143	$27,903,719	+2.0%
Net Income	$-3,161,223	$17,930,958	-1.2%

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

5768

Volunteers

100

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

$680,114

Total Directors

$827,278

Key Employees

$228,412

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH H SHULER	SECRETARY-TREASURER	1.00	Officer Director	$0	$140,482	$441,049
FRED REDMOND	DIRECTOR	1.00	Director	$0	$123,312	$386,229
MATT MORRISON	EXECUTIVE DIRECTOR	40.00	Officer	$211,417	$27,648	$239,065
TONY CHENG	MANAGING DIRECTOR	40.00	Key Emp	$219,721	$8,691	$228,412
AUSAF QARNI	DIRECTOR OF RESEARCH AND A	40.00	Highest	$239,851	$20,480	$260,331
KATHERINE GREGG	SENIOR NATIONAL CAMPAIGNS	40.00	Highest	$148,846	$16,434	$165,280
ANGEL DARCOURT	SENIOR NATIONAL FIELD DIRE	40.00	Highest	$147,867	$23,752	$171,619
ANGELA ASHE	CHIEF INFORMATION OFFICER	40.00	Highest	$225,217	$17,810	$243,027
LEE SAUNDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC DEAN	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE RINGUETTE	DIRECTOR	1.00	Director	$0	$0	$0
KORI BLALOCK KELLER	DIRECTOR	1.00	Director	$0	$0	$0
MATT BIGGS	DIRECTOR	1.00	Director	$0	$0	$0
HASAN SOLOMON	DIRECTOR	1.00	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
2025	$79,156,920	$82,318,143	$30,729,182	$-3,161,223
2024	$45,834,677	$27,903,719	$36,144,428	$17,930,958
2023	$32,733,120	$33,454,362	$15,512,838	$-721,242
2022	$26,181,134	$20,824,718	$15,944,259	$5,356,416
2021	$23,403,336	$17,670,948	$11,313,416	$5,732,388
2020	$13,935,783	$12,077,968	$4,021,269	$1,857,815
2019	$19,563,729	$18,579,295	$2,148,268	$984,434
2018	$17,050,775	$19,834,989	$1,672,805	$-2,784,214

WORKING AMERICA