MINDWORKS INC

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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

2015

Legal Domicile

Principal Officer

BART MENDEL

Phone

8058962020

Tax Period

2025-01-01 to 2025-12-31

MINDWORKS INC, founded in 2015, is a small nonprofit in the Religion sector that reported $294K in total revenue in fiscal year 2025. Revenue surged 347% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 76% operating margin.

Mission

DEVELOP & MARKET MOBILE APP EDUCATING USERS ABOUT MEDITATION AND OFFER TRAINING IN THE PRACTICE OF MEDITATION

Program Service Accomplishments

Program 1

Expenses: $62,054 Revenue: $294,420

DEVELOPMENT OF APP FOR THE PURPOSE OF HELPING USERS IN THE PRACTICE OF MEDITATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $258,855

Program Service Revenue $35,565

Investment Income $0

Other Revenue $0

TOTAL REVENUE $294,420

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,054

Other Expenses $48,433

TOTAL EXPENSES $69,433

Year-over-Year Comparison

	2025	2024	Change
Revenue	$294,420	$65,911	+3.5%
Expenses	$69,433	$63,641	+0.1%
Net Income	$224,987	$2,270	+98.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZAN GARNER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BART MENDEL	TREASURER	3.00	Officer Director	$0	$0	$0
MARJORIE ERICKSON	SECRETARY	2.00	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
2025	$294,420	$69,433	$16,861	$224,987
2024	No data	No data	No data	No data
2023	$217,138	$208,355	$20,187	$8,783