THE WORKSHOP (EIN 362646411) - 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

1961

Legal Domicile

Principal Officer

ALYSSA HAVENS

Phone

8157772211

Tax Period

2024-07-01 to 2025-06-30

THE WORKSHOP, founded in 1961, is a community nonprofit in the Employment sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 15% surplus.

Mission

PROMOTE THE GENERAL WELFARE OF INDIVIDUALS WITH DISABILITIES IN JO DAVIESS COUNTY, ILLINOIS. THE WORKSHOP IS ACTIVELY COMMITTED TO DEVELOPING, MAINTAINING, AND EXPANDING COUNTY BASED SERVICES FOR INDIVIDUALS WITH DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $441,529

Program Service Revenue $1,654,290

Investment Income $657,476

Other Revenue $12,603

TOTAL REVENUE $2,765,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,769,836

Fundraising Expenses $0

Program Expenses $1,812,317

Other Expenses $589,260

TOTAL EXPENSES $2,359,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,765,898	$2,282,080	+0.2%
Expenses	$2,359,096	$2,131,288	+0.1%
Net Income	$406,802	$150,792	+1.7%

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

107

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

$78,921

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA KUZNIAR	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN BERNING	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY KORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDY MONTGOMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARRETT HAHN	BOARD MEMBER	1.00	Director	$0	$0	$0
ED ERSFELDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILMARTH	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE RETT	TREASURER	1.00	Officer	$0	$0	$0
SUSAN MCBRIDE	SECRETARY	1.00	Officer	$0	$0	$0
CYNTHIA LAITY	VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
ALYSSA HAVENS	EXECUTIVE DIRECTOR	40.00	Officer	$78,921	$0	$78,921
JEFFREY WOOD	CHAIRPERSON	1.00	Officer	$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
2025	$2,765,898	$2,359,096	$9,108,919	$406,802
2024	$2,282,080	$2,131,288	$8,290,667	$150,792
2023	$1,850,784	$2,091,725	$7,825,216	$-240,941
2022	$2,438,292	$2,246,306	$7,490,639	$191,986
2021	$3,419,943	$2,653,698	$8,347,100	$766,245
2020	$2,407,954	$2,768,564	$7,967,027	$-360,610
2019	$2,790,200	$2,659,450	$8,097,062	$130,750
2018	$3,078,655	$2,414,886	$7,954,201	$663,769

THE WORKSHOP