COMPASS WORKING CAPITAL INC

EIN: 203975100 501(c)(3)

BOSTON, MA

Total Revenue
$18,415,281
Total Expenses
$11,081,527
Total Assets
$26,304,007
Net Assets
$24,330,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MA
Principal Officer
MARKITA MORRIS-LOUIS
Phone
6177900810
Tax Period
2024-09-01 to 2025-08-31

COMPASS WORKING CAPITAL INC, founded in 2005, is a mid-sized nonprofit that reported $18.4M in total revenue in fiscal year 2024. The organization ran a surplus of $7.3M, a strong 40% operating margin.

Mission

COMPASS WORKING CAPITAL ("COMPASS") IS WORKING TO END ASSET POVERTY FOR FAMILIES WITH LOW INCOMES AND NARROW THE RACIAL AND GENDER WEALTH DIVIDES. OUR MISSION IS TO PARTNER WITH FAMILIES WITH LOW INCOMES TO BUILD ASSETS AS A PATHWAY OUT OF POVERTY. WE FOCUS ON REACHING FAMILIES LED BY BLACK AND/OR LATINX WOMEN. TO ACHIEVE OUR MISSION, WE OPERATE CLIENT-CENTERED SAVINGS AND FINANCIAL COACHING PROGRAMS, DELIVER TRAINING AND TECHNICAL ASSISTANCE TO OTHER PRACTITIONERS, AND SHAPE POLICY SOLUTIONS THAT DISMANTLE BARRIERS TO ASSET BUILDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,250,903
Program Service Revenue $452,277
Investment Income $563,658
Other Revenue $148,443
TOTAL REVENUE $18,415,281

Expense Breakdown

Grants Paid $73,500
Salaries & Benefits $8,203,446
Fundraising Expenses $764,791
Program Expenses $8,151,867
Other Expenses $2,804,581
TOTAL EXPENSES $11,081,527

Year-over-Year Comparison

2024 2023 Change
Revenue $18,415,281 $17,627,890 +0.0%
Expenses $11,081,527 $9,106,570 +0.2%
Net Income $7,333,754 $8,521,320 -0.1%
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
87
Volunteers
46

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
4
$415,635
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON E RIVA CHAIRPERSON 0.50
Officer Director
$0 $0 $0
PRECILLIA REDMOND DIRECTOR 0.50
Director
$0 $0 $0
MEAGHAN MCCARTHY DIRECTOR 0.50
Director
$0 $0 $0
THEA JAMES DIRECTOR 0.50
Director
$0 $0 $0
KAREN WALLACE DIRECTOR 0.50
Director
$0 $0 $0
HEATHER WELLINGTON DIRECTOR 0.50
Director
$0 $0 $0
MARKITA MORRIS-LOUIS PRESIDENT/CEO 40.00
Officer
$222,260 $16,309 $238,569
JALYNNE SANTIAGO CFO/TREASURER 40.00
Officer
$169,783 $7,283 $177,066
KIMBERLY MONTY HOLZEL CLERK 0.50
Officer
$0 $0 $0
MCKINSEY ALSTON CHIEF HUMAN RESOURCES OFFICER 40.00
Highest
$167,964 $7,438 $175,402
MORIAH GARCIA NELSON DIR. OF PROGRAMS/CPO 40.00
Highest
$146,256 $14,033 $160,289
JAMES STUART CHIEF EXTERNAL AFFAIRS OFFICER 40.00
Highest
$169,390 $12,018 $181,408
CHRISTINA NAPOLIN DIRECTOR OF CLIENT SUCCESS 40.00
Highest
$102,242 $6,239 $108,481
GEORGE REUTER DIRECTOR OF IMPACT & INNOVATION 40.00
Highest
$100,563 $14,161 $114,724
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 $18,415,281 $11,081,527 $26,304,007 $7,333,754
2024 $17,627,890 $9,106,570 $18,517,721 $8,521,320
2023 $9,714,952 $7,691,585 $9,217,842 $2,023,367
2022 $6,912,729 $6,817,704 $6,922,240 $95,025
2021 $7,536,157 $6,433,030 $7,231,995 $1,103,127
2020 $6,621,752 $4,896,463 $8,810,858 $1,725,289
2019 $4,445,988 $3,893,447 $3,625,963 $552,541
2018 $3,255,107 $3,033,098 $3,019,658 $222,009
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