EDUCATION WORKS INC (EIN 223798916) - 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

2001

Legal Domicile

Principal Officer

MILES WILSON

Phone

2152216900

Tax Period

2020-07-01 to 2021-06-30

EDUCATION WORKS INC, founded in 2001, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2020. Expenses of $7.9M left a modest 7% surplus.

Mission

EDUCATIONWORKS ENGAGES YOUTH BY PROVIDING HIGH QUALITY EDUCATIONAL PROGRAMS THAT MAKE THE SCHOOL DAY WHOLE AND REENGAGE DISCONNECTED YOUNG ADULTS TO EDUCATION AND CAREER READINESS. EDUCATIONWORKS' PROGRAMMING COMES TOGETHER UNDER A K-12+ CONTINUUM THAT FOLLOWS AN EVIDENCED-BASED MODEL OF SCAFFOLDING COLLEGE AND CAREER READINESS INTO ENGAGING, HANDS-ON, STEAM- BASED OUT OF SCHOOL TIME PROGRAMS AND IN-SCHOOL SUPPORTS THE CONTINUUM EMPHASIZES CREATIVE PLAY-BASED PROGRAMMING IN ELEMENTARY SCHOOL, CAREER EXPOSURE AND SKILL BUILDING IN MIDDLE SCHOOL, AND WORKFORCE DEVELOPMENT AND CAREER PATHWAY ACCESS IN HIGH SCHOOL AND BEYOND.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,415,250

Program Service Revenue $0

Investment Income $0

Other Revenue $2,226

TOTAL REVENUE $8,417,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,158,855

Fundraising Expenses $112,278

Program Expenses $7,099,473

Other Expenses $1,710,020

TOTAL EXPENSES $7,868,875

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8,417,476	$8,005,730	+0.1%
Expenses	$7,868,875	$9,451,475	-0.2%
Net Income	$548,601	$-1,445,745	-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

311

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

$528,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILES WILSON	PRESIDENT &	40.00	Officer	$225,906	$0	$225,906
JAMIL RIVERS	CFO	40.00	Officer	$133,519	$25,114	$158,633
TIFFANEY WATERS	COO	40.00	Officer	$128,398	$15,262	$143,660
JULIA HILLENGAS	PROGRAM MANA	40.00	Highest	$110,227	$0	$110,227
BOD PLEASE SEE ATTACHED	BOD	N/A	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
2021	$8,417,476	$7,868,875	$2,898,879	$548,601
2020	$8,005,730	$9,451,475	$3,689,245	$-1,445,745
2019	$7,602,824	$8,694,878	$3,132,011	$-1,092,054
2018	$8,192,848	$8,421,078	$3,504,603	$-228,230

EDUCATION WORKS INC