EDUCATION WORKS 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

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.

Program Service Accomplishments

Program 1

Expenses: $2,881,822

POWERCORPS PHL POWERCORPS IS A CITY OF PHILADELPHIA AMERICORPS INITIATIVE THAT OPERATES IN CLOSE PARTNERSHIP WITH THE ORGANIZATION. IT IS DESIGNED TO SUPPORT THE CITY OF PHILADELPHIA'S ENVIRONMENTAL STEWARDSHIP INITIATIVES, YOUTH VIOLENCE PREVENTION AND WORK SHOP DEVELOPMENT PRIORITIES. POWERCORPS ANNUALLY ENROLLS 160 INDIVIDUALS AGES 18-26 IN A 9-MONTH PROGRAM, 6 MONTHS OF FULL- TIME SERVICE AS AMERICORPS MEMBERS WITH CITY DEPARTMENTS FOLLOWED BY 3 MONTHS OF INTENSIVE JOB PLACEMENT SUPPORT.

Program 2

Expenses: $3,880,244

K-12 OUT OF SCHOOL TIME PROGRAMS (OST) K-12 OUT OF SCHOOL OPERATES IN PHILADELPHIA AND CAMDEN SCHOOL DISTRICTS AND PRIVATE SCHOOLS FOR CHILDREN IN GRADES K-12 DAILY FROM 3-6 PM AND ON ALL HALF DAYS. OFFERINGS INCLUDE PROJECT BASED LEARNING STRUCTURED ACTIVITIES TO INCLUDE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEAM), ART AND MUSIC PROGRAMS, LITERACY ACTIVITIES, STRUCTURED RECREATION AND COOPERATIVE PROGRAMS.

Program 3

Expenses: $177,331

EDUCATION LEADING TO EMPLOYMENT AND CAREER TRAINING (ELECT) EDUCATION LEADING TO EMPLOYMENT AND CAREER TRAINING (ELECT) AND ELECT FATHERHOOD INITIATIVE (EFI) HELP TEEN PARENTS STAY IN SCHOOL, GAIN...

EDUCATION LEADING TO EMPLOYMENT AND CAREER TRAINING (ELECT) EDUCATION LEADING TO EMPLOYMENT AND CAREER TRAINING (ELECT) AND ELECT FATHERHOOD INITIATIVE (EFI) HELP TEEN PARENTS STAY IN SCHOOL, GAIN ECONOMIC INDEPENDENCE AND RAISE HEALTHY CHILDREN. PROGRAMING PROVIDED YEAR-AROUND HAS SEVERAL COMPONENTS, TO INCLUDE: VOCATIONAL CAREERS AND JOB READINESS TRAINING; HEALTHCARE AND NUTRITION EDUCATION; ACADEMIC TUTORING, MENTORING, AND HOMEWORK ASSISTANCE; AND CHILD DEVELOPMENT AND PARENTING SKILLS.

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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