WOMANSPACE INC

EIN: 362947741 501(c)(3) Human Services

ROCKFORD, IL

Total Revenue
$415,080
Total Expenses
$437,146
Total Assets
$525,628
Net Assets
$500,285
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IL
Principal Officer
ELAINE HIRSCHENBERGER
Phone
8158770118
Tax Period
2023-09-01 to 2024-08-31

WOMANSPACE INC, founded in 1975, is a small nonprofit in the Human Services sector that reported $300K in total revenue in fiscal year 2017. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

CONNECTING, EMPOWERING, CREATING, AND TRANSFORMING OUR WORLD ONE WOMAN AT A TIME BY OFFERING PROGRAMMING THAT STIMULATES AWARENESS, DEVELOPS COMPETENCY, ENCOURAGES CREATIVITY, AND GENERATES HEALTHY DECISION-MAKING.

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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 $205,566
Program Service Revenue $141,597
Investment Income $2,608
Other Revenue $65,309
TOTAL REVENUE $415,080

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,598
Fundraising Expenses $25,083
Program Expenses $323,152
Other Expenses $234,548
TOTAL EXPENSES $437,146

Year-over-Year Comparison

2023 2022 Change
Revenue $415,080 $328,246 +0.3%
Expenses $437,146 $364,192 +0.2%
Net Income $-22,066 $-35,946 -0.4%
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

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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
12
Independent Members
11
Employees
6
Volunteers
65

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
$49,020
Total Directors
14
$49,020
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE HIRSCHENBERGER EXECUTIVE DI 40.00
Officer Director
$46,080 $2,940 $49,020
AUDREY FALZONE DIRECTOR 4.00
Director
$0 $0 $0
CATHERINE FORSLUND VICE PRESIDE 4.00
Officer Director
$0 $0 $0
LAURA GORTON DIRECTOR 4.00
Director
$0 $0 $0
TINA HALLBERG DIRECTOR 4.00
Director
$0 $0 $0
MARSHA HOSFELD PRESIDENT 4.00
Officer Director
$0 $0 $0
CRISTI HOPP KNIESS DIRECTOR 4.00
Director
$0 $0 $0
BARBARA MCDONALD DIRECTOR 4.00
Director
$0 $0 $0
ELIZABETH MCMULLEN DIRECTOR 4.00
Director
$0 $0 $0
KATRINA OLSON SECRETARY 4.00
Officer Director
$0 $0 $0
SALLYANN ROBERTS DIRECTOR 4.00
Director
$0 $0 $0
PATTY STADELMAN DIRECTOR 4.00
Director
$0 $0 $0
USHA SUNDARAM DIRECTOR 4.00
Director
$0 $0 $0
RHIANNON YANDELL DIRECTOR 4.00
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 $415,080 $437,146 $525,628 $-22,066
2023 $328,246 $364,192 $526,962 $-35,946
2022 $323,843 $339,061 $563,429 $-15,218
2021 $310,408 $235,809 $595,735 $74,599
2020 $322,517 $278,736 $536,214 $43,781
2019 $399,897 $296,477 $465,454 $103,420
2018 $299,741 $296,732 $361,849 $3,009
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