WORKING AMERICA EDUCATION FUND (EIN 202035052) - 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

2005

Legal Domicile

Principal Officer

MATTHEW MORRISON

Phone

2026375137

Tax Period

2024-07-01 to 2025-06-30

WORKING AMERICA EDUCATION FUND, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $26.0M exceeded revenue, resulting in a 72% operating deficit.

Mission

EDUCATE THE PUBLIC CONCERNING ISSUES OF IMPORTANCE TO WORKING FAMILIES.

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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 $13,052,715

Program Service Revenue $0

Investment Income $2,006,152

Other Revenue $48,000

TOTAL REVENUE $15,106,867

Expense Breakdown

Grants Paid $1,025,000

Salaries & Benefits $9,321,776

Fundraising Expenses $175,659

Program Expenses $24,060,256

Other Expenses $15,633,536

TOTAL EXPENSES $25,980,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,106,867	$46,046,192	-0.7%
Expenses	$25,980,312	$13,402,331	+0.9%
Net Income	$-10,873,445	$32,643,861	-1.3%

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

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

$74,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MEDINA	PRESIDENT	1.00	Officer Director	$0	$0	$0
RODELL MOLLINEAU	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JANE FONDA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NEWSOME	DIRECTOR	1.00	Director	$0	$0	$0
KAREN NUSSBAUM	DIRECTOR	1.00	Director	$0	$0	$0
SONIA RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES SCHREIBERG	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MORRISON	EXECUTIVE DIRECTOR	40.00	Officer	$62,301	$12,564	$74,865
AUSAF QARNI	DIRECTOR OF RESEARCH AND ANALYTICS	40.00	Highest	$117,527	$15,732	$133,259
ANGELA ASHE	CHIEF INFORMATION OFFICER	40.00	Highest	$110,356	$5,145	$115,501
TONY CHENG	MANAGING DIRECTOR	40.00	Highest	$107,663	$6,654	$114,317

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	$15,106,867	$25,980,312	$51,435,706	$-10,873,445
2024	$46,046,192	$13,402,331	$50,888,321	$32,643,861
2023	$8,378,435	$9,859,985	$13,982,650	$-1,481,550
2022	$11,091,684	$10,453,415	$15,449,080	$638,269
2021	$17,931,354	$12,291,404	$12,840,610	$5,639,950
2020	$3,560,998	$3,455,017	$178,981	$105,981
2019	$2,142,272	$2,371,105	$334,252	$-228,833
2018	$5,348,253	$5,146,420	$685,911	$201,833

WORKING AMERICA EDUCATION FUND