THE WORKS - OHIO CENTER FOR HISTOR… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

JANICE LORASO

Phone

7403499277

Tax Period

2023-01-01 to 2023-12-31

THE WORKS - OHIO CENTER FOR HISTORY ART & TECHNOLOGY, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 46% operating margin.

Mission

THE WORKS AIMS TO INSPIRE CREATIVITY AND WONDER BY CREATING EXTRAORDINARY EXPERIENCES FOR LEARNERS OF ALL AGES. WE ENVISION A COMMUNITY THAT SHARES KNOWLEDGE AND BUILDS OPPORTUNITIES BY CONNECTING EDUCATION, INDUSTRY, AND THE WORLD AROUND US.

Program Service Accomplishments

Program 1

Expenses: $1,992,595 Revenue: $234,503

TO PROVIDE AN INSTITUTE OF INDUSTRY, HISTORY, SCIENCE, TECHNOLOGY AND ART FOR ALL IN THE CENTRAL AND EAST OHIO REGION. THE WORKS OFFERS CLASSES, WORKSHOPS, LECTURES, PROGRAMS AND EVENTS AT NOMINAL...

TO PROVIDE AN INSTITUTE OF INDUSTRY, HISTORY, SCIENCE, TECHNOLOGY AND ART FOR ALL IN THE CENTRAL AND EAST OHIO REGION. THE WORKS OFFERS CLASSES, WORKSHOPS, LECTURES, PROGRAMS AND EVENTS AT NOMINAL COST, AS WELL AS VIRTUAL PROGRAMMING. THE WORKS HAS BEEN ACCEPTED AS A SMITHSONIAN AFFILIATE, ENABLING IT TO BRING HIGH-QUALITY EXHIBITS AND PROGRAMS TO THE AREA. THE WORKS COLLABORATES WITH AREA SCHOOL DISTRICTS, COLLEGES AND UNIVERSITIES, AND OTHER ORGANIZATIONS WORKING TO ADDRESS THE LOCAL ECONOMY AND QUALITY OF LIFE, AND PLAYS A MAJOR ROLE IN THE REDEVELOPMENT OF THE NEWARK DOWNTOWN AREA. THE WORKS HAS BECOME A MAJOR PROVIDER OF STEM EDUCATION IN THE REGION, BOTH ONSITE AND IN OUTREACH EFFORTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $557,964

Program Service Revenue $234,503

Investment Income $3,640,841

Other Revenue $116,803

TOTAL REVENUE $4,550,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,748

Fundraising Expenses $44,512

Program Expenses $1,992,595

Other Expenses $1,176,297

TOTAL EXPENSES $2,448,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,550,111	$1,826,067	+1.5%
Expenses	$2,448,045	$2,381,044	+0.0%
Net Income	$2,102,066	$-554,977	-4.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1815

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE LORASO	EXECUTIVE DI	40.00	Officer	$110,000	$0	$110,000
DAVID FRYMAN NON-VOTING	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MCDONALD NON-VOTING	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN ARCHER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR KIM COPLIN	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS CUMMISKEY	TREASURER	2.00	Officer Director	$0	$0	$0
MAURICIO ESCOBAR	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL KENNEDY	TRUSTEE	2.00	Director	$0	$0	$0
DEB KOHMAN	TRUSTEE	2.00	Director	$0	$0	$0
DR WILLIAM MACDONALD	SECRETARY	2.00	Officer Director	$0	$0	$0
MATT MILLER	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT MONTAGNESE	CHAIR	2.00	Officer Director	$0	$0	$0
RICK PLATT	TRUSTEE	2.00	Director	$0	$0	$0
RICH ROGERS	TRUSTEE	2.00	Director	$0	$0	$0
DR JEAN SCHELHORN	TRUSTEE	2.00	Director	$0	$0	$0
APRIL WARE	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$4,550,111	$2,448,045	$34,510,648	$2,102,066
2022	$1,826,067	$2,381,044	$31,541,296	$-554,977
2021	$3,352,407	$2,299,829	$38,252,906	$1,052,578
2020	$2,939,769	$2,094,761	$33,943,893	$845,008
2019	$3,210,766	$2,281,513	$31,424,058	$929,253
2018	$3,358,998	$2,202,193	$27,491,595	$1,156,805

THE WORKS - OHIO CENTER FOR HISTORY ART & TECHNOLOGY