PHILADELPHIA 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

2000

Legal Domicile

Principal Officer

H PATRICK CLANCY

Phone

2159632100

Tax Period

2024-07-01 to 2025-06-30

PHILADELPHIA WORKS INC, founded in 2000, is a mid-sized nonprofit in the Employment sector that reported $77.1M in total revenue in fiscal year 2024.

Mission

PHILADELPHIA WORKS, INC. DEVELOPS AND MANAGES SMART WORKFORCE SOLUTIONS THAT RESPOND TO BUSINESS NEEDS AND INCREASES ECONOMIC OPPORTUNITY FOR ALL PHILADELPHIA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $69,640,366 Revenue: $0

PHILADELPHIA WORKS MANAGES A COMPREHENSIVE WORKFORCE DEVELOPMENT SYSTEM THAT INCLUDES STRATEGIC PARTNERSHIPS WITH MORE THAN 50 SERVICE AND TRAINING PROVIDERS/PARTNERS THAT BENEFITS NEARLY 40,000...

PHILADELPHIA WORKS MANAGES A COMPREHENSIVE WORKFORCE DEVELOPMENT SYSTEM THAT INCLUDES STRATEGIC PARTNERSHIPS WITH MORE THAN 50 SERVICE AND TRAINING PROVIDERS/PARTNERS THAT BENEFITS NEARLY 40,000 CAREER-SEEKERS AND APPROXIMATELY 2,000 EMPLOYERS EACH YEAR. PHILADELPHIA'S WORKFORCE SYSTEM PROVIDES QUALITY ACCESS AND OPPORTUNITY TO BOTH EMPLOYERS AND CAREER-SEEKERS AND SUPPORTS A THRIVING ECONOMY THROUGHOUT THE REGION.

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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 $76,983,838

Program Service Revenue $0

Investment Income $111,992

Other Revenue $0

TOTAL REVENUE $77,095,830

Expense Breakdown

Grants Paid $59,744,843

Salaries & Benefits $9,218,126

Fundraising Expenses $0

Program Expenses $69,640,366

Other Expenses $8,124,696

TOTAL EXPENSES $77,087,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,095,830	$74,416,567	+0.0%
Expenses	$77,087,665	$73,901,760	+0.0%
Net Income	$8,165	$514,807	-1.0%

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

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

$687,017

Total Directors

Key Employees

$194,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL K FITZPATRICK	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
STEVEN SCOTT BRADLEY	VICE CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
PATRICK J EIDING	SECRETARY OF THE BOARD	1.00	Director	$0	$0	$0
APRIL WALKER	TREASURER UNTIL 8/16/2024	1.00	Director	$0	$0	$0
MICHELLE ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARI BRIGHTFUL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CROSSED	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIGITTE F DANIEL ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD GENERALS	BOARD MEMBER	1.00	Director	$0	$0	$0
ED GROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE L KOSTA	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD KRAWCZYK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD LAZER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS I OLIVER	BOARD MEMBER UNITL 5/31/2025	1.00	Director	$0	$0	$0
KIMMEL PROCTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYBETH FERGUSON WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA WONG	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BOWIE	TREASURER	1.00	Director	$0	$0	$0
ANUJ GUPTA	BOARD MEMBER	1.00	Director	$0	$0	$0
HANIYYAH SHARPE-BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
TONYA LADIPO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIO BURRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES HASSAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE GAMBONE	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS RODRIQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
H PATRICK CLANCY	PRESIDENT & CEO	37.50	Officer	$319,438	$15,438	$334,876
PATRICIA BLUMENAUER	CHIEF OPERATING OFFICER	37.50	Officer	$134,559	$15,500	$150,059
ZACHARIAH HUGHES	VP OF FINANCE/CONTROLLER	37.50	Officer	$192,793	$9,289	$202,082
MICHAEL JOYNES	VP OF GOV'T AND COMM. RELA	37.50	Key Emp	$159,771	$34,355	$194,126
JOHN DALY	COMPLIANCE/ EO OFFICER	37.50	Highest	$132,798	$5,790	$138,588
SHEILA CORDOVA	ASST. VICE PRESIDENT, OPERATIONS	37.50	Highest	$137,676	$6,596	$144,272

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	$77,095,830	$77,087,665	$31,193,941	$8,165
2024	No data	No data	No data	No data
2023	$67,250,614	$67,201,082	$34,873,847	$49,532
2022	$61,066,342	$61,253,270	$38,977,097	$-186,928
2021	$60,435,334	$60,321,531	$19,624,768	$113,803
2020	$67,870,204	$67,627,486	$13,803,160	$242,718
2019	$65,969,062	$66,177,953	$21,317,855	$-208,891
2018	$55,629,532	$55,774,263	$29,532,221	$-144,731