KNOWLEDGEWORKS FOUNDATION

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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

1991

Legal Domicile

Phone

5139294777

Tax Period

2023-07-01 to 2024-06-30

KNOWLEDGEWORKS FOUNDATION, founded in 1991, is a community nonprofit in the Education sector that reported $6.4M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $16.0M exceeded revenue, resulting in a 149% operating deficit.

Mission

WE HELP OUR PARTNERS IN STATES AND SCHOOLS WORK TOGETHER TO ALIGN POLICY AND PRACTICE, REIMAGINING WHAT EDUCATION CAN DO THROUGH PERSONALIZED, COMPETENCY-BASED LEARNING - AND WHAT IT MUST DO TO PREPARE STUDENTS FOR A LIFETIME OF LEARNING.

Program Service Accomplishments

Program 1

Expenses: $3,940,597 Revenue: $1,474,038

KW IN SCHOOLS: SEE SCHEDULE O

Program 2

Expenses: $2,749,961 Revenue: $438,505

POLICY AND ADVOCACY: SEE SCHEDULE O

Program 3

Expenses: $2,624,204 Revenue: $634,892

IMPACT AND IMPROVEMENT: SEE SCHEDULE O

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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 $2,648,076

Program Service Revenue $3,588,627

Investment Income $182,608

Other Revenue $1,092

TOTAL REVENUE $6,420,403

Expense Breakdown

Grants Paid $768,477

Salaries & Benefits $9,497,910

Fundraising Expenses $273,806

Program Expenses $11,723,206

Other Expenses $5,736,461

TOTAL EXPENSES $16,002,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,420,403	$7,495,465	-0.1%
Expenses	$16,002,848	$17,696,195	-0.1%
Net Income	$-9,582,445	$-10,200,730	-0.1%

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

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

$965,821

Total Directors

Key Employees

$718,559

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA SHUM	VICE CHAIR OF THE BOARD	2.0	Officer Director	$0	$0	$0
VICTOR YOUNG	CHAIR OF THE BOARD	2.0	Officer Director	$0	$0	$0
EILEEN RUDDEN	DIRECTOR	2.0	Director	$0	$0	$0
JULIANA WONG	DIRECTOR	2.0	Director	$0	$0	$0
RENEE FOSTER	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT RUNCIE	DIRECTOR	2.0	Director	$0	$0	$0
SEAN DECATUR	DIRECTOR	2.0	Director	$0	$0	$0
THOMAS FRY	DIRECTOR	2.0	Director	$0	$0	$0
TRACY NAJERA	DIRECTOR	2.0	Director	$0	$0	$0
HOLLY BRINKMAN	EVP, COO & TREASURER	37.0	Officer	$245,477	$48,621	$294,098
MATTHEW WILLIAMS	EVP/CHIEF PGM OFFR&SECRETARY	39.0	Officer	$238,560	$43,761	$282,321
WILLIAM HITE	PRESIDENT & CEO	39.0	Officer	$371,122	$18,280	$389,402
LILLIAN PACE	VP, POLICY & STRATEGIC ADV	40.0	Key Emp	$221,870	$11,155	$233,025
REBECCA WOLFE	VP, IMPACT & IMPROVEMENT	40.0	Key Emp	$193,861	$37,552	$231,413
VIRGEL HAMMONDS	CHIEF LEARNING OFFICER	40.0	Key Emp	$241,976	$12,145	$254,121
GREGORY SEATON	SR DIR, IMPACT & IMPROVEMENT	40.0	Highest	$150,681	$36,454	$187,135
KATE WESTRICH	VP, MARKETING & COMMUNICATIONS	40.0	Highest	$178,617	$9,075	$187,692
KATHERINE PRINCE	VP, FORESIGHT & STRATEGY	40.0	Highest	$193,761	$22,380	$216,141
LAUREN MCCAULEY	VP, TEACHING & LEARNING	40.0	Highest	$159,112	$36,406	$195,518
MICHAEL DIMAGGIO	VP, DEVELOPMENT	40.0	Highest	$241,107	$25,828	$266,935

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	$6,420,403	$16,002,848	$5,801,464	$-9,582,445
2023	$7,495,465	$17,696,195	$9,927,169	$-10,200,730
2022	$3,680,614	$12,247,634	$30,256,752	$-8,567,020
2021	$7,717,304	$12,007,991	$34,010,195	$-4,290,687
2020	$6,852,398	$17,137,967	$33,319,038	$-10,285,569
2019	$11,590,432	$14,367,516	$38,932,222	$-2,777,084
2018	$5,671,112	$13,825,865	$39,292,997	$-8,154,753