GROWTH WORKS INC (EIN 382036653) - 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

1970

Legal Domicile

Principal Officer

NICK GRISWOLD

Phone

7344554095

Tax Period

2024-10-01 to 2025-09-30

GROWTH WORKS INC, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $16.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $32.8M represent 24 months of operating reserves.

Mission

GROWTH WORKS MISSION IS TO RESTORE HOPE, PROMOTE CHANGE AND IMPROVE THE LIVES FOR THOSE IN WAYNE AND ADJACENT COUNTIES. THESE KEY IDEALS ARE ACCOMPLISHED THROUGH CONSISTENT SERVICE DELIVERY WITH EMPHASIS TOWARDS GREATER FAMILY STABILITY, ADULT TREATMENT RESOURCES FOR THOSE EXPERIENCING SUBSTANCE USE DISORDERS AND DEPENDENCY, AND COMMUNITY-BASED OPPORTUNITIES FOR ASSIGNED YOUTH. GROWTH WORKS PROVIDES THESE RESOURCES WHILE ALSO ESTABLISHING CONSTRUCTIVE REALTIONSHIPS WITH SCHOOLS, PUBLIC OFFICIALS, PUBLIC SAFETY AND OTHER NON-PROFIT ORGANIZATIONS.

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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 $1,754,219

Program Service Revenue $13,449,745

Investment Income $1,131,176

Other Revenue $-144

TOTAL REVENUE $16,334,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,980,779

Fundraising Expenses $0

Program Expenses $14,764,506

Other Expenses $6,985,678

TOTAL EXPENSES $15,966,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,334,996	$18,561,446	-0.1%
Expenses	$15,966,457	$14,944,980	+0.1%
Net Income	$368,539	$3,616,466	-0.9%

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

135

Volunteers

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

$547,802

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCULATI	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM FIELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN NEPIUK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN O'FLAHERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDYN SELLEK	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE SIEGRIST	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL VENTOLA	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
NEAL SCHULTZ	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN BROWN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN FISCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ZECH	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHERA MCNEILL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY MCCANN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK GRISWOLD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$272,610	$42,944	$315,554
JESSICA KLOTZ	CHIEF OPERATING OFFICER	40.00	Officer	$196,358	$35,890	$232,248
LAURA REINERS	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$122,148	$43,554	$165,702
BRIAN LANGLOIS	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$147,586	$41,043	$188,629
SARAH PARKER	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$109,061	$18,464	$127,525
JENNIFER KOKOWICZ	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$128,751	$42,485	$171,236
LINDSEY MANZA	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$109,570	$39,770	$149,340

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	$16,334,996	$15,966,457	$33,800,391	$368,539
2024	$18,561,446	$14,944,980	$32,050,172	$3,616,466
2023	$16,246,896	$11,569,557	$25,372,734	$4,677,339
2022	$13,962,333	$10,924,241	$19,933,661	$3,038,092
2021	$15,288,632	$11,255,947	$17,849,965	$4,032,685
2020	$15,975,298	$13,884,834	$15,043,468	$2,090,464
2019	$16,004,837	$13,920,130	$12,487,335	$2,084,707
2018	$14,215,740	$13,209,664	$10,232,738	$1,006,076

GROWTH WORKS INC