MIKEROWEWORKS FOUNDATION (EIN 264324338) - 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

2008

Legal Domicile

Principal Officer

MICHAEL G ROWE

Phone

3102774657

Tax Period

2024-01-01 to 2024-12-31

MIKEROWEWORKS FOUNDATION, founded in 2008, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 44% operating margin.

Mission

TO DEBUNK MYTHS AND MISPERCEPTIONS ABOUT THE SKILLED TRADES AND CLOSE THE SKILLS GAP.

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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 $5,155,817

Program Service Revenue $0

Investment Income $693,858

Other Revenue $10,600

TOTAL REVENUE $5,860,275

Expense Breakdown

Grants Paid $2,467,641

Salaries & Benefits $233,408

Fundraising Expenses $113,657

Program Expenses $2,939,080

Other Expenses $569,124

TOTAL EXPENSES $3,270,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,860,275	$4,321,357	+0.4%
Expenses	$3,270,173	$2,200,225	+0.5%
Net Income	$2,590,102	$2,121,132	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL G ROWE	CEO AND CFO	5.00	Officer Director	$0	$0	$0
MARY SULLIVAN	PRESIDENT AND COO	5.00	Officer Director	$0	$0	$0
KIMBERLY ESTRADA	VICE PRESIDENT AND SECRETA	10.00	Officer Director	$0	$0	$0
CHARLES L KLAUSMEYER	BOARD MEMBER	10.00	Director	$0	$0	$0
DENISE LONGARZO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DEGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN WONG	BOARD MEMBER	1.00	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
2024	$5,860,275	$3,270,173	$13,351,375	$2,590,102
2023	$4,321,357	$2,200,225	$11,019,492	$2,121,132
2022	$4,366,644	$2,164,878	$8,932,184	$2,201,766
2021	$3,751,531	$1,380,975	$6,728,645	$2,370,556
2020	$3,240,613	$1,529,242	$4,354,198	$1,711,371
2019	$1,573,263	$1,140,073	$2,634,128	$433,190
2019	$1,573,263	$1,140,073	$2,634,128	$433,190
2018	$1,640,167	$976,751	$2,188,403	$663,416

MIKEROWEWORKS FOUNDATION