WORK INCORPORATED (EIN 237100726) - 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

1970

Legal Domicile

Principal Officer

ERIC SILBERZWEIG

Phone

6173280300

Tax Period

2023-07-01 to 2024-06-30

WORK INCORPORATED, founded in 1970, is a mid-sized nonprofit in the Employment sector that reported $49.7M in total revenue in fiscal year 2023.

Mission

IT IS THE MISSION OF WORK, INC., TO JOIN WITH OTHERS IN CREATING THE CONDITIONS UNDER WHICH ALL PERSONS WITH DISABILTIES WILL EXPERIENCE A POSITIVE LIVING AND WORKING ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,363,342

Program Service Revenue $17,781,209

Investment Income $1,547,243

Other Revenue $1,017,805

TOTAL REVENUE $49,709,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,171,258

Fundraising Expenses $0

Program Expenses $42,125,834

Other Expenses $13,309,560

TOTAL EXPENSES $48,480,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,709,599	$47,432,733	+0.0%
Expenses	$48,480,818	$46,776,810	+0.0%
Net Income	$1,228,781	$655,923	+0.9%

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

656

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

$1,163,668

Total Directors

$933,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CASSETTA	PRESIDENT	37.50	Officer Director	$536,006	$28,956	$564,962
SHARON SMITH	CHIEF EXECUTIVE OFFICER	37.50	Officer Director	$339,424	$28,956	$368,380
JAMES FLANAGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PHILIP J CARVER	VICE CHAIRMAN	1.50	Officer Director	$0	$0	$0
FRANK ZONA	ASSISTANT TREASURER	1.50	Officer Director	$0	$0	$0
MARY LOU DRISCOLL	CLERK	2.00	Officer Director	$0	$0	$0
TACKEY CHAN	DIRECTOR	1.50	Director	$0	$0	$0
DONALD UVANITTE	DIRECTOR	1.50	Director	$0	$0	$0
ELISA BIRDSEYE	DIRECTOR	1.50	Director	$0	$0	$0
JEAN HUNT	DIRECTOR	1.50	Director	$0	$0	$0
JAMES WHITE	DIRECTOR	1.50	Director	$0	$0	$0
CANDACE TURNER	DIRECTOR	1.50	Director	$0	$0	$0
WILLIAM MORAN III	DIRECTOR	1.50	Director	$0	$0	$0
ALKIA POWELL	DIRECTOR	1.50	Director	$0	$0	$0
ALLAN LEVIN	DIRECTOR	1.50	Director	$0	$0	$0
ERIC SILBERZWEIG	TREAS.(N-V)/SR. VP, CFO	37.50	Officer	$220,000	$10,326	$230,326
SUSAN BUCKLEY	ASSISTANT CLERK (NON-VOTING)	1.50	Officer	$0	$0	$0
RYAN SAVOIA	VP OF INFORMATION TECHNOLOGY	37.50	Highest	$160,000	$28,956	$188,956
FIONA HEALEY	VP QUALITY ASSURANCE & FAMILY SUPPORT	37.50	Highest	$158,423	$10,564	$168,987
ROHAN WICKRAMARATNE	CHIEF ADMINISTRATIVE OFFICER	37.50	Highest	$157,966	$28,956	$186,922
JOSEPH MCCARTHY	VP ABILITYONE	37.50	Highest	$157,269	$10,564	$167,833
PAULA CHDID	VP FINANCE	37.50	Highest	$156,001	$28,956	$184,957

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	No data	No data	No data	No data
2024	$49,709,599	$48,480,818	$49,627,539	$1,228,781
2023	$47,432,733	$46,776,810	$48,400,462	$655,923
2022	$46,198,835	$41,613,133	$48,287,405	$4,585,702
2021	$40,185,675	$37,211,595	$45,920,216	$2,974,080
2020	$38,439,502	$37,789,300	$41,304,458	$650,202
2019	$36,092,805	$34,891,484	$36,402,734	$1,201,321
2018	$40,531,535	$32,862,845	$34,062,767	$7,668,690

WORK INCORPORATED