PIG WORKS INC (EIN 311571531) - 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

1997

Legal Domicile

Principal Officer

IRIS SIMPSON-BUSH

Phone

5137217447

Tax Period

2023-01-01 to 2023-12-31

PIG WORKS INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $6.1M left a modest 11% surplus.

Mission

TO CREATE AN ECONOMICALLY VIABLE, FIRST CLASS AND FUN MARATHON FOR THE PARTICIPANTS,VOLUNTEERS,SPECTATORS,AND SPONSORS.

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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 $1,929,791

Program Service Revenue $4,697,943

Investment Income $5,980

Other Revenue $177,087

TOTAL REVENUE $6,810,801

Expense Breakdown

Grants Paid $309,828

Salaries & Benefits $926,341

Fundraising Expenses $0

Program Expenses $5,153,326

Other Expenses $4,857,292

TOTAL EXPENSES $6,093,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,810,801	$4,722,308	+0.4%
Expenses	$6,093,461	$4,899,514	+0.2%
Net Income	$717,340	$-177,206	-5.0%

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

9220

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

$391,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CAVANAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS GEIGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH HEUSER	CHAIR	1.00	Officer Director	$0	$0	$0
HOLLY IPPISCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES JANSING	NOMINATING CHAIR	1.00	Officer Director	$0	$0	$0
DOUG OLBERDING	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE SMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT TAYLOR JR	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB COUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATY BUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY WINEBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RAMLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEJANDRO RAMIREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN ROLFES	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KUJAWA	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY SLATTERY	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS SIMPSON-BUSH	EXECUTIVE DIRECTOR	40.00	Officer	$121,159	$0	$121,159
JOHN CAPPELA	CHIEF OPERATING OFFICER	40.00	Officer	$139,064	$0	$139,064
SARAH PELFREY	VP SALES & CLIENT ENGAGEME	40.00	Officer	$131,728	$0	$131,728

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	$6,810,801	$6,093,461	$1,172,130	$717,340
2022	$4,722,308	$4,899,514	$829,940	$-177,206
2021	$3,433,472	$3,023,151	$1,113,202	$410,321
2020	$2,149,516	$2,196,766	$1,036,705	$-47,250
2019	$4,995,346	$5,221,465	$771,886	$-226,119
2018	$5,285,019	$5,564,911	$925,381	$-279,892

PIG WORKS INC