FLYWHEEL SKILL SHARE INC

EIN: 203307122 501(c)(3)

MADISON, WI

Total Revenue
$140,748
Total Expenses
$310,195
Total Assets
$9,701
Net Assets
$8,665
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
WI
Principal Officer
LORRIE HURCKES
Phone
6086630400
Tax Period
2022-01-01 to 2022-12-31

FLYWHEEL SKILL SHARE INC, founded in 2005, is a small nonprofit that reported $141K in total revenue in fiscal year 2022. Expenses of $310K exceeded revenue, resulting in a 120% operating deficit.

Mission

USING SKILL SHARING TO CONNECT PEOPLE OF DIVERSE BACKGROUNDS TO MEET COLLECTIVE AND INDIVIDUAL NEEDS, DEVELOP ABOLITIONIST AWARENESS AND PRACTICES IN ORDER TO CREAT RESILIENT AND JUST ALTERNATIVE COMMUNITIES.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $130,042
Program Service Revenue $10,697
Investment Income $9
Other Revenue $0
TOTAL REVENUE $140,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $250,417
Fundraising Expenses $0
Program Expenses $310,195
Other Expenses $59,778
TOTAL EXPENSES $310,195

Year-over-Year Comparison

2022 2021 Change
Revenue $140,748 N/A N/A
Expenses $310,195 N/A N/A
Net Income $-169,447 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
8
$141,781
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMITA BROWN CO-EXECUTIVE 32.00
Officer
$92,522 $0 $92,522
LORRIE HURCKES CO-EXECUTIVE 32.00
Officer
$49,259 $0 $49,259
SAVANG CHHORM BOARD MEMBER 1.00
Officer Director
$0 $0 $0
BIANCA GOMEZ BOARD MEMBER 1.00
Officer Director
$0 $0 $0
LAURA GRAY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SAMI HEAD BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SARAH ISHMAEL BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JAKE ROGERS BOARD MEMBER 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
2022 $140,748 $310,195 $9,701 $-169,447
2021 $452,629 $419,395 $183,069 $33,234
2020 $418,717 $410,013 $155,907 $8,704
2019 $353,515 $359,347 $139,228 $-5,832
2018 $363,208 $346,564 $152,738 $16,644
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