Woods Services Workers' Compensation Trust (EIN 232407907) - 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

1986

Legal Domicile

Principal Officer

GEORGE RICHARDS

Phone

2157504000

Tax Period

2024-03-01 to 2025-02-28

Woods Services Workers' Compensation Trust, founded in 1986, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE WORKERS' COMPENSATION TO EMPLOYEES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,465,000

Investment Income $91,568

Other Revenue $0

TOTAL REVENUE $2,556,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,482,170

Other Expenses $430,102

TOTAL EXPENSES $3,482,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,556,568	$2,407,357	+0.1%
Expenses	$3,482,170	$3,202,852	+0.1%
Net Income	$-925,602	$-795,495	+0.2%

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

$1,933,224

Total Directors

$1,933,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINE HANSEN-TURTON	EX-OFFICIO (Pres/CEO WSOC)	2.0	Officer Director	$0	$31,405	$1,531,144
JULIA PFISTER	TRUSTEE (EVP Chief HR Officer)	1.0	Officer Director	$0	$14,501	$402,080
HEATHER FEHN	CHAIR	1.0	Officer Director	$0	$0	$0
TRIP MCMAHON	TRUSTEE	1.0	Director	$0	$0	$0
BARRY SHARER	EX-OFFICIO	1.0	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
2025	$2,556,568	$3,482,170	$2,903,998	$-925,602
2024	$2,407,357	$3,202,852	$2,831,648	$-795,495
2023	$1,870,582	$2,920,799	$3,230,315	$-1,050,217
2022	$2,807,831	$2,716,163	$4,039,555	$91,668
2021	$3,771,366	$3,259,014	$3,820,317	$512,352
2020	$1,860,016	$3,133,237	$3,038,518	$-1,273,221
2019	$2,798,623	$2,545,095	$3,861,496	$253,528
2018	$2,842,386	$2,989,192	$3,262,008	$-146,806

Woods Services Workers' Compensation Trust