TherapyWorks NW (EIN 205560832) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Irene Mckenzie

Phone

5039572945

Tax Period

2022-01-01 to 2022-12-31

TherapyWorks NW, founded in 2008, is a small nonprofit that reported $259K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $422K exceeded revenue, resulting in a 63% operating deficit.

Mission

To provide physical, occupational, speech, and manual therapy as well as hippotherapy to children with disabilities who would otherwise be denied adequate services due to financial limitations.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $7,256

Program Service Revenue $271,820

Investment Income $-20,147

Other Revenue $0

TOTAL REVENUE $258,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,034

Fundraising Expenses $0

Program Expenses $360,116

Other Expenses $126,036

TOTAL EXPENSES $422,070

Year-over-Year Comparison

	2022	2021	Change
Revenue	$258,929	$695,791	-0.6%
Expenses	$422,070	$728,634	-0.4%
Net Income	$-163,141	$-32,843	+4.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bobbi Culter	Executive Director	40.00		$47,094	$0	$47,094
Judy Carroll	Vice President	3.50	Officer	$0	$0	$0
Monica Molnar	Secretary	8.00	Officer	$0	$0	$0
Irene Mckenzie	President	2.50	Officer	$0	$0	$0
Darshn Singh	Treasurer	0.70	Officer	$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	$258,929	$422,070	No data	$-163,141
2021	$695,791	$728,634	$473,128	$-32,843
2020	$633,153	$743,473	$448,686	$-110,320
2019	$834,707	$838,715	$418,784	$-4,008
2018	$817,067	$740,504	$412,204	$76,563

TherapyWorks NW