Springfield Workshop Foundation Inc (EIN 264456587) - 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

Legal Domicile

Principal Officer

Dave Dunn

Phone

4178662339

Tax Period

2024-07-01 to 2025-06-30

Springfield Workshop Foundation Inc is a small nonprofit in the Employment sector that reported $882K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 32% operating margin.

Mission

The foundation is a supporting organization to promote resource development for SWI Industrial Solutions, Inc to provide meaningful employment to individuals with disabilities.

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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 $229,454

Program Service Revenue $466,752

Investment Income $180,853

Other Revenue $4,973

TOTAL REVENUE $882,032

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $65,800

Fundraising Expenses $47,783

Program Expenses $484,341

Other Expenses $495,162

TOTAL EXPENSES $600,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$882,032	$510,442	+0.7%
Expenses	$600,962	$764,698	-0.2%
Net Income	$281,070	$-254,256	-2.1%

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

$240,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Dunn	General Manager	10.00	Officer	$12,500	$7,599	$137,598
Valerie Gustin	Executive Dir.	40.00	Officer	$44,200	$8,173	$103,165
Steve Grant	Director	1.00	Officer Director	$0	$0	$0
Jana Wolfe	Director	1.00	Officer Director	$0	$0	$0
Bruce Porter	Treasurer	1.00	Officer Director	$0	$0	$0
Tim Midyett	President	1.00	Director	$0	$0	$0
John Twitty	Director	1.00	Director	$0	$0	$0
Mary Snelson	Director	1.00	Director	$0	$0	$0
Jenni Tudor	Director	1.00	Director	$0	$0	$0
Cyndi Dancey	Vice President	1.00	Director	$0	$0	$0
Darin Link	Director	1.00	Director	$0	$0	$0
Elizabeth Godwin	Director	1.00	Director	$0	$0	$0
Layne McBride	Director	1.00	Director	$0	$0	$0
Brittany Waugh	Director	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
2025	$882,032	$600,962	$8,871,432	$281,070
2024	$510,442	$764,698	$8,322,777	$-254,256
2023	$514,450	$596,676	$8,013,984	$-82,226
2022	$983,958	$534,930	$7,918,551	$449,028
2021	$814,961	$470,016	$8,477,853	$344,945
2020	$376,042	$262,033	$7,774,277	$114,009
2019	$565,095	$295,021	$7,515,685	$270,074

Springfield Workshop Foundation Inc