WORKSHOP LEARNING

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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

2005

Legal Domicile

Principal Officer

JOHN MATTHEW RIGGAN

Phone

4849958704

Tax Period

2023-07-01 to 2024-06-30

WORKSHOP LEARNING, founded in 2005, is a small nonprofit in the Education sector that reported $569K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 109% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE HIGH SCHOOL STUDENTS WITH THE OPPORTUNITY TO LEARN RIGOROUS ACADEMIC CONTENT THROUGH REAL-WORLD PROBLEM SOLVING. THE ORGANIZATION'S MISSION IS THROUGH REAL-WORLD LEARNING, ROBUST COMMUNITY, AND PERSONAL GROWTH, EMPOWER YOUNG ADULTS TO PURSUE A LIFE OF SECURITY, CONNECTION, AND PURPOSE. THE ORGANIZATION CHALLENGES STUDENTS TO KNOW THEMSELVES, SEEK AND LEVERAGE OPPORTUNITIES THAT ALIGN WITH THEIR INTERESTS AND GOALS, DEVELOP SKILLS THAT LET THEM SUCCEED IN A WIDE RANGE OF EDUCATIONAL AND PROFESSIONAL SETTINGS, AND DRAW PRODUCTIVE AND ACTIONABLE LESSONS FROM THEIR EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $886,140

TO ACCOMPLISH THE ORGANIZATION'S MISSION, COLLABORATIVE PROJECTS WERE DESIGNED FOR HIGH SCHOOL STUDENTS THAT PRESENT DIFFICULT AND EVOLVING CHALLENGES FOR THEM. THE STUDENTS WILL WORK THROUGH THESE CHALLENGES TOGETHER AND WILL BE ABLE TO DOCUMENT THE RESULTS OF THEIR WORK. THESE EXPERIENCES WILL PROVIDE THEM WITH THE OPPORTUNITIES TO UNLEASH THEIR CREATIVE AND INTELLECTUAL POTENTIAL. PLANNING FOR THESE PROJECTS WAS UNDERTAKEN THROUGHOUT THE FISCAL YEAR, AND THE ACTUAL PROJECTS WERE IMPLEMENTED IN THE SCHOOL YEAR. THIS WORK IS DONE THROUGH THREE PRIMARY CHANNELS: 1. THE WORKSHOP SCHOOL - A HIGH SCHOOL THAT ENVISIONS GRADUATES WHO VALUE LEARNING AND GROWTH, BUILD COMMUNITY, AND KNOW HOW TO SHAPE THEIR LIVES AND OUR WORLD. THE SCHOOL FOCUSES ON REAL-WORLD LEARNING TO DEVELOP THE SKILLS MOST NEEDED FOR COLLEGE AND CAREER SUCCESS, STRESSES THE VALUE OF COMMUNITY, AND TEACHES STUDENTS TO REFLECT ON AND GROW FROM EXPERIENCES INSIDE AND OUTSIDE THE CLASSROOM. 2. LEARNING@WORKSHOP - THROUGH ELECTRONIC RESOURCES, PROFESSIONAL DEVELOPMENT AND CONSULTING, LEARNING@WORKSHOP AIMS TO SHARE LESSONS LEARNED WITH A COMMUNITY FAR BEYOND WEST PHILADELPHIA. 3. WORKSHOP U - AT WORKSHOP U, STUDENTS LEARN TO GO DEEP ON THEIR STRENGTHS, INTERESTS AND VALUES; IDENTIFY AND ACCESS EXPERIENCES TO HELP THEM GROW, AND BUILD SKILLS TO HELP THEM EXCEL IN EDUCATIONAL AND WORK SETTINGS; AND CONTINUALLY REVIEW AND ASSESS THEIR GOALS AND THEIR DEVELOPMENT.

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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 $544,959

Program Service Revenue $0

Investment Income $23,616

Other Revenue $0

TOTAL REVENUE $568,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $800,110

Fundraising Expenses $161,831

Program Expenses $886,140

Other Expenses $386,624

TOTAL EXPENSES $1,186,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,575	$1,452,362	-0.6%
Expenses	$1,186,734	$981,992	+0.2%
Net Income	$-618,159	$470,370	-2.3%

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

$142,089

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MATTHEW RIGGAN	EXECUTIVE DI	40.00	Officer	$116,368	$25,721	$142,089
KAMAL MARELL	CHAIR	2.00	Officer Director	$0	$0	$0
IGOR MESSANO	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS YARACS	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTINE DERENICK-LOPEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE GILLIYERD	BOARD MEMBER	1.00	Director	$0	$0	$0
AYANNAH KAMRYN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMEEL RUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE SCHLESINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER WINK	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
2025	No data	No data	No data	No data
2024	$568,575	$1,186,734	$1,040,831	$-618,159
2023	$1,452,362	$981,992	$1,612,369	$470,370
2022	$395,188	$1,169,729	$1,093,968	$-774,541
2021	$357,573	$841,574	$1,920,260	$-484,001
2020	$2,274,093	$860,398	$2,422,751	$1,413,695
2019	$1,000,425	$833,749	$1,004,736	$166,676
2018	$1,361,749	$922,210	$854,477	$439,539