WISHBONEORG

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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

2010

Legal Domicile

Principal Officer

BETH SCHMIDT

Phone

6509638254

Tax Period

2018-01-01 to 2018-12-31

WISHBONEORG, founded in 2010, is a small nonprofit that reported $660K in total revenue in fiscal year 2018. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 99% operating deficit.

Mission

WISHBONE IS COMMITTED TO CLOSING THE NATION'S ACHIEVEMENT GAP BY BRINGING QUALITY OUT-OF-SCHOOL OPPORTUNITIES TO AT RISK AND LOW-INCOME HIGH SCHOOL STUDENTS. WE BELIEVE THAT OUT-OF-SCHOOL TIME PRESENTS ONE OF THE GREATEST OPPORTUNITIES TO LEVEL THE PLAYING FIELD AND GIVE ALL STUDENTS THE CHANCE TO BE ON A SUCCESSFUL LIFE PATH.

Program Service Accomplishments

Program 1

Expenses: $1,153,573 Revenue: $56,659

WISHBONE SOURCES LOW-INCOME HIGH SCHOOL STUDENTS WITH POTENTIAL AND CONNECTS THEM TO A LARGE DATABASE OF SUMMER PROGRAMS THAT ALIGN WITH THEIR PASSIONS. WE PROVIDE EACH STUDENT WITH A PLATFORM TO...

WISHBONE SOURCES LOW-INCOME HIGH SCHOOL STUDENTS WITH POTENTIAL AND CONNECTS THEM TO A LARGE DATABASE OF SUMMER PROGRAMS THAT ALIGN WITH THEIR PASSIONS. WE PROVIDE EACH STUDENT WITH A PLATFORM TO CROWD SOURCE THE COST OF THEIR PROGRAM BY REACHING OUT TO THEIR PERSONAL NETWORKS OF FRIENDS, FAMILY AND TEACHERS. IN ADDITION WE RECEIVE PRIVATE FUNDING, SCHOLARSHIPS AND DISCOUNTED RATES FROM OUR VARIOUS PROGRAM PARTNERS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $603,320

Program Service Revenue $56,659

Investment Income $0

Other Revenue $0

TOTAL REVENUE $659,979

Expense Breakdown

Grants Paid $730,157

Salaries & Benefits $338,338

Fundraising Expenses $39,613

Program Expenses $1,153,573

Other Expenses $241,809

TOTAL EXPENSES $1,310,304

Year-over-Year Comparison

	2018	2017	Change
Revenue	$659,979	$1,519,096	-0.6%
Expenses	$1,310,304	$1,402,157	-0.1%
Net Income	$-650,325	$116,939	-6.6%

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

$117,769

Total Directors