RECOVERYWORKS

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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

2019

Legal Domicile

Principal Officer

JAMES T GINSBURG

Phone

7202921981

Tax Period

2023-01-01 to 2023-12-31

RECOVERYWORKS, founded in 2019, is a community nonprofit in the Mental Health sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 14% surplus.

Mission

TO PROVIDE ACCESS TO OPPORTUNITIES FOR RESOURCES, COMMUNITY AND RECOVERY WITH OUR UNHOUSED NEIGHBORS.

Program Service Accomplishments

Program 1

Expenses: $1,114,337 Revenue: $0

RECOVERYWORKS RESPITE, RESOURCE AND RECOVERY (R-3) ENGAGEMENT CENTER IS A LOW-BARRIER EMERGENCY DAY-SHELTER AND SHORT-TERM OVERNIGHT RESPITE AND RECUPERATIVE CARE PROGRAM. THE PROGRAM PROVIDES DAILY, DIRECT DROP IN ACCESS TO EMERGENCY SERVICES SUCH AS SHOWER, LAUNDRY, MEALS, CASE MANAGEMENT AND INTERNET ACCESS FOR HOMELESS INDIVIDUALS. RECOVERYWORKS ALSO PROVIDES 24/7 MEDICAL RESPITE AND RECUPERATIVE CARE FOR MEDICALLY COMPROMISED INDIVIDUALS REFERRED FROM LOCAL HOSPITALS.

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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 $1,443,046

Program Service Revenue $0

Investment Income $3,928

Other Revenue $0

TOTAL REVENUE $1,446,974

Expense Breakdown

Grants Paid $107,981

Salaries & Benefits $816,043

Fundraising Expenses $44,643

Program Expenses $1,114,337

Other Expenses $325,517

TOTAL EXPENSES $1,249,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,446,974	$704,644	+1.1%
Expenses	$1,249,541	$576,462	+1.2%
Net Income	$197,433	$128,182	+0.5%

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

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

$126,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH HERNANDEZ	CHAIR	2.00	Officer Director	$0	$0	$0
COLLEEN OSBORNE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
KELLI BARKER	SECRETARY	4.00	Officer Director	$0	$0	$0
SIMON KAFATI	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES T GINSBURG	EXECUTIVE DIRECTOR	40.00	Officer	$112,062	$14,720	$126,782

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	$1,446,974	$1,249,541	$573,332	$197,433
2022	$704,644	$576,462	$479,069	$128,182
2021	$462,029	$364,312	$97,717	$97,717