THE WORKFIRST FOUNDATION (EIN 320161008) - 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

2005

Legal Domicile

Principal Officer

KATHY MONE

Phone

2125995627

Tax Period

2023-01-01 to 2023-12-31

THE WORKFIRST FOUNDATION, founded in 2005, is a small nonprofit in the Employment sector that reported $528K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $612K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDES JOB TRAINING, EMPLOYMENT SERVICES AND SUPPORT TO DISADVANTAGED INDIVIDUALS AND ASSISTS IN THE STUDY OF ISSUES LEADING TO ECONOMIC AND SOCIAL DISADVANTAGE.

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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 $528,240

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $528,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,318

Fundraising Expenses $4,665

Program Expenses $531,903

Other Expenses $568,617

TOTAL EXPENSES $611,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,240	$633,091	-0.2%
Expenses	$611,935	$1,125,413	-0.5%
Net Income	$-83,695	$-492,322	-0.8%

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

N/A

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO LEONARDO	Chairman	10.00	Officer Director	$40,000	$0	$40,000
KATHY MONE	Treasurer	5.00	Officer Director	$0	$0	$0
SPENCER SMITH	Director	0.00	Officer Director	$0	$0	$0
KEVIN REILLY	Director	0.00	Officer 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	$528,240	$611,935	$201,815	$-83,695
2022	$633,091	$1,125,413	$267,156	$-492,322
2021	$1,430,765	$886,663	$733,061	$544,102
2020	$591,788	$522,578	$264,175	$69,210
2019	$750,421	$737,260	$217,659	$13,161
2018	$845,149	$744,206	$193,766	$100,943

THE WORKFIRST FOUNDATION