THE WORKFIRST FOUNDATION

EIN: 320161008 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$528,240
Total Expenses
$611,935
Total Assets
$201,815
Net Assets
$67,667
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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
NY
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.

Program Service Accomplishments

Program 1
Expenses: $531,903

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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
4
$40,000
Total Directors
4
$40,000
Key Employees
0
$0
Highest Compensated
0
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
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