Working Partnerships Inc (EIN 203244371) - 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

2006

Legal Domicile

Principal Officer

CHELSIE GLAUBITZ GABIOU

Tax Period

2023-01-01 to 2023-12-31

Working Partnerships Inc, founded in 2006, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE THE WELL BEING OF WORKING MINNESOTANS IN MINNEAPOLIS AND THE WEST METRO REGION THROUGH CHARITABLE AND EDUCATIONAL ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $951,327

Program Service Revenue $0

Investment Income $155

Other Revenue $60,535

TOTAL REVENUE $1,012,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,921

Fundraising Expenses $12,824

Program Expenses $872,019

Other Expenses $907,569

TOTAL EXPENSES $1,112,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,012,017	$2,191,169	-0.5%
Expenses	$1,112,490	$1,960,309	-0.4%
Net Income	$-100,473	$230,860	-1.4%

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

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

Total Directors

$88,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG FLATEAU	EXECUTIVE DIRECTOR	40.00	Director	$88,653	$0	$88,653
BIZ O MARA	DIRECTOR	0.00	Director	$0	$0	$0
DAWN SCHNICKELS	DIRECTOR	0.00	Director	$0	$0	$0
LADELL ROBERTS	DIRECTOR	0.00	Director	$0	$0	$0
LIZ MCLOONE	DIRECTOR	0.00	Director	$0	$0	$0
GRACE BALTICH	DIRECTOR	0.00	Director	$0	$0	$0
LONNA SCHMIDT NELSON	DIRECTOR	0.00	Director	$0	$0	$0
LOUISE SUNDIN	DIRECTOR	0.00	Director	$0	$0	$0
CANDACE LUND	DIRECTOR	0.00	Director	$0	$0	$0
JIGME UGEN	DIRECTOR	0.00	Director	$0	$0	$0
CHELSIE GLAUBITZ GABIOU	PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,012,017	$1,112,490	$693,040	$-100,473
2023	$1,126,994	$1,103,297	$817,210	$23,697
2022	$2,191,169	$1,960,309	$794,388	$230,860
2021	$817,603	$744,236	$563,435	$73,367
2020	$1,004,867	$640,803	$516,042	$364,064
2019	$237,180	$166,971	$124,542	$70,209
2019	$238,234	$167,071	$125,496	$71,163
2018	$204,326	$209,910	$53,482	$-5,584

Working Partnerships Inc