WORK COMMUNITY INDEPENDENCE INC (EIN 237427897) - 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

1974

Legal Domicile

Principal Officer

NANCY SILVER HARGREAVES

Phone

7818998220

Tax Period

2021-07-01 to 2022-06-30

WORK COMMUNITY INDEPENDENCE INC, founded in 1974, is a mid-sized nonprofit that reported $26.7M in total revenue in fiscal year 2021. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $23.8M left a modest 11% surplus.

Mission

WCI'S MISSION IS TO EMPOWER AND SUPPORT INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, AUTISM, AND ACQUIRED BRAIN INJURY TO ACHIEVE RICH AND MEANINGFUL LIVES AT HOME, AT WORK AND IN THEIR COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $24,667,052

Program Service Revenue $1,999,930

Investment Income $75,585

Other Revenue $0

TOTAL REVENUE $26,742,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,168,829

Fundraising Expenses $0

Program Expenses $21,147,646

Other Expenses $5,638,079

TOTAL EXPENSES $23,806,908

Year-over-Year Comparison

	2021	2020	Change
Revenue	$26,742,567	$21,829,444	+0.2%
Expenses	$23,806,908	$21,937,362	+0.1%
Net Income	$2,935,659	$-107,918	-28.2%

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

430

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

$165,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY SILVER HARGREAVES	PRESIDENT & CEO	40.00	Officer	$157,270	$8,218	$165,488
EDGAR HERRERA	DCP	40.00	Highest	$138,926	$0	$138,926
JOHN HOFFMAN	DCP	40.00	Highest	$108,192	$24,650	$132,842
JOSEPH R DONATI	COO	40.00	Highest	$126,351	$2,247	$128,598
ANNA COLE	FORMER CFO (UNTIL 6/2021)	40.00		$109,732	$4,043	$113,775
CINDY COTE	NURSING DIRECTOR	40.00	Highest	$104,230	$8,218	$112,448
RAFAEL RUIZ	DCP	40.00	Highest	$103,026	$7,812	$110,838
EMMANUEL ONOS	CFO (AS OF 4/2022)	40.00	Officer	$0	$0	$0
MICHAEL SULLIVAN	CHAIR	0.08	Officer Director	$0	$0	$0
SARA GODDARD	VICE CHAIR	0.02	Officer Director	$0	$0	$0
SHANNON SHEA	CLERK	0.04	Officer Director	$0	$0	$0
MICHAEL CAROTENUTO	TREASURER	0.04	Officer Director	$0	$0	$0
COURTNEY BUCKLEY	BOARD MEMBER	0.02	Director	$0	$0	$0
DAVID MACDONALD	BOARD MEMBER	0.02	Director	$0	$0	$0
CINDY MANJOUNES	BOARD MEMBER	0.02	Director	$0	$0	$0
KENNY MARCOU	BOARD MEMBER	0.02	Director	$0	$0	$0
ROBERT MCMULLEN	BOARD MEMBER	0.02	Director	$0	$0	$0
BHUREN PATEL	BOARD MEMBER	0.02	Director	$0	$0	$0
JASON RUBIN	BOARD MEMBER	0.02	Director	$0	$0	$0
DEVORAH SMITH	BOARD MEMBER	0.02	Director	$0	$0	$0
THOMAS MONTANARI	BOARD MEMBER	0.03	Director	$0	$0	$0
CHARLES CREMER	BOARD MEMBER	0.02	Director	$0	$0	$0
ED SKOU	BOARD MEMBER	0.04	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
2022	$26,742,567	$23,806,908	$13,041,410	$2,935,659
2021	$21,829,444	$21,937,362	$12,522,792	$-107,918
2020	$20,015,707	$19,863,423	$9,749,888	$152,284
2019	$19,108,884	$19,018,196	$7,358,939	$90,688
2018	$18,663,456	$19,543,196	$7,316,860	$-879,740

WORK COMMUNITY INDEPENDENCE INC