Spectrum Works Inc (EIN 274810387) - 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

2011

Legal Domicile

Principal Officer

Ann-Marie Sullivan

Phone

2015522055

Tax Period

2023-01-01 to 2023-12-31

Spectrum Works Inc, founded in 2011, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 13% surplus.

Mission

1) Provide job training to young adults who are diagnosed with autism. 2) Assist companies to build inclusive workforces that include individuals with autism. 3) Provide employment transition services to high schools for students with autism.

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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 $620,434

Program Service Revenue $532,333

Investment Income $3,553

Other Revenue $115,745

TOTAL REVENUE $1,272,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,142

Fundraising Expenses $9,634

Program Expenses $865,699

Other Expenses $347,869

TOTAL EXPENSES $1,111,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,272,065	$821,341	+0.5%
Expenses	$1,111,011	$938,092	+0.2%
Net Income	$161,054	$-116,751	-2.4%

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

101

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

$106,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Butters	Trustee	2.00	Director	$0	$0	$0
Charles Ickes	Trustee	1.00	Director	$0	$0	$0
Brian Hague	Trustee	1.00	Director	$0	$0	$0
Ben Horn	Trustee	1.00	Director	$0	$0	$0
Sedat Saka	Trustee	2.00	Director	$0	$0	$0
Marjorie Ramos	Trustee	1.00	Director	$0	$0	$0
Ann-Marie Sullivan	CEO	40.00	Officer	$106,106	$0	$106,106

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	No data	No data	No data	No data
2023	$1,272,065	$1,111,011	$615,319	$161,054
2022	$821,341	$938,092	$440,399	$-116,751
2021	$786,905	$795,782	$559,925	$-8,877
2020	$720,711	$640,231	$569,065	$80,480
2019	$718,851	$580,391	$349,956	$138,460
2019	$718,851	$580,391	$349,955	$138,460
2018	$432,243	$323,776	$204,708	$108,467

Spectrum Works Inc