WORKING FAMILIES ORGANIZATION INC

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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

MIKE BOLAND

Phone

7182223796

Tax Period

2023-01-01 to 2023-12-31

WORKING FAMILIES ORGANIZATION INC, founded in 2006, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $48.8M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

THE WORKING FAMILIES ORGANIZATION IS A NON-PROFIT ADVOCACY ORGANIZATION THAT SEEKS TO ADVANCE THE INTERESTS OF WORKING CLASS, MIDDLE CLASS AND POOR AMERICANS, THROUGH LEGISLATIVE ADVOCACY, PUBLIC EDUCATION, CREATIVE MEDIA AND COMMUNITY ORGANIZING.

Program Service Accomplishments

Program 1

Expenses: $42,766,293 Revenue: $1,792,831

IN 2023, THE WORKING FAMILIES ORGANIZATION, INC.'S ("WFO") PROGRAMMATIC SERVICES INCLUDED: 1) THE GREEN NEW DEAL 2) WAGES, WEA, DEMOCRACY 3) LOW WAGE WORKERS 4) CRIMINAL JUSTICE 5) BLACK MEN BUILD 6) CLIMATE CHANGE AND WORKERS RIGHTS THERE WERE FIVE STAFF MEMBERS ON THE CLA PAYROLL IN 2023 WHO EARNED MORE THAN $100,000: 1. EXECUTIVE DIRECTOR AT $197,947 2. NATIONAL DIRECTOR GND AT $174,580 3. DIRECTOR, BALLOT FREEDOM PROJECT AT $177,633 4. COO/CFO - GND AT $152,352 5. CHIEF DEVELOPMENT OFFICER AT $151,266 THE TOP THREE STAFF MEMBERS SPENT THE FOLLOWING % OF THEIR TIME WORKING FOR WFO: 1. GND NETWORK COORDINATOR 100% 2. EXECUTIVE DIRECTOR 100% 3. GND COO/CFO 100% (THEIR COMPENSATION FOR WORKING FAMILIES ORGANIZATION IS NOT DISCLOSED.)

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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 $46,697,191

Program Service Revenue $1,792,831

Investment Income $353,898

Other Revenue $0

TOTAL REVENUE $48,843,920

Expense Breakdown

Grants Paid $15,962,795

Salaries & Benefits $17,446,948

Fundraising Expenses $778,670

Program Expenses $42,766,293

Other Expenses $14,407,026

TOTAL EXPENSES $47,816,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,843,920	$54,227,055	-0.1%
Expenses	$47,816,769	$47,136,069	+0.0%
Net Income	$1,027,151	$7,090,986	-0.9%

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

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE WIEHOFF	CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BOLAND	TREASURER	16.00	Officer Director	$0	$0	$0
RUDOLPH BLAY	SECRETARY/CONTROLLER	5.00	Officer Director	$0	$0	$0
HARRIET BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
CORINNE RAFFERTY	DIRECTOR	1.00	Director	$0	$0	$0
DAN CANTOR	DIRECTOR	40.00	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
2024	No data	No data	No data	No data
2023	$48,843,920	$47,816,769	$28,596,291	$1,027,151
2022	$54,227,055	$47,136,069	$24,148,846	$7,090,986
2021	$38,266,108	$38,925,251	$17,071,408	$-659,143
2021	$38,266,108	$38,925,251	$17,071,408	$-659,143
2020	$34,640,582	$24,250,745	$18,815,981	$10,389,837
2019	$10,617,854	$8,755,555	$6,204,512	$1,862,299
2018	$7,529,819	$6,091,395	$4,526,424	$1,438,424