WOODWORK CAREER ALLIANCE OF NORTH AMERICA (EIN 261076465) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SCOTT NELSON

Phone

4026106043

Tax Period

2024-01-01 to 2024-12-31

WOODWORK CAREER ALLIANCE OF NORTH AMERICA, founded in 2007, is a small nonprofit in the Employment sector that reported $207K in total revenue in fiscal year 2024. The organization ran a surplus of $69K, a strong 33% operating margin.

Mission

The primary mission of the WCA is to provide students and professional woodworkers with the certifications and credentials that reward them for knowledge and experience they gain in school or working in the industry. These candidates can continue to work toward the highest credential to demonstrate their machine skills on the equipment used in the manufacturing of the products sold in the secondary wood processing industry.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $76,489

Program Service Revenue $128,935

Investment Income $8

Other Revenue $1,388

TOTAL REVENUE $206,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,876

Other Expenses $137,876

TOTAL EXPENSES $137,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,820	N/A	N/A
Expenses	$137,876	N/A	N/A
Net Income	$68,944	$0	N/A

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

$58,781

Total Directors

$10,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Scott Nelson President	20.00	Officer	$48,575	$0	$48,575
Greg Larson	Vice President	4.00	Officer Director	$10,206	$0	$10,206

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
2024	$206,820	$137,876	$212,785	$68,944

WOODWORK CAREER ALLIANCE OF NORTH AMERICA