MADISON COUNTY SHELTERED WORKSHOP … - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

CHRIS REAGAN

Phone

5735611460

Tax Period

2024-01-01 to 2024-12-31

MADISON COUNTY SHELTERED WORKSHOP INC, founded in 1993, is a small nonprofit in the Human Services sector that reported $769K in total revenue in fiscal year 2024. Expenses of $726K left a modest 6% surplus.

Mission

TO PROVIDE EMPLOYEMENT OPPORTUNITIES TO MENTALLY OR PHYSICALLY DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $663,857 Revenue: $218,465

TO PROVIDE EMPLOYEMENT OPPORTUNITES TO MENTALLY OR PHYSICALLY DISABLED INDIVIDUALS.

Program 2

TO PROVIDE EMPLOYEMENT OPPTUNITIES TO MENTALLY OR PHYSICALLY DISABLED INDIVIDUALS.

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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 $491,485

Program Service Revenue $269,977

Investment Income $3,701

Other Revenue $3,873

TOTAL REVENUE $769,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,782

Fundraising Expenses $0

Program Expenses $726,228

Other Expenses $404,446

TOTAL EXPENSES $726,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$769,036	$800,836	0.0%
Expenses	$726,228	$563,642	+0.3%
Net Income	$42,808	$237,194	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK POLETE	TREASURER	N/A	Officer	$0	$0	$0
CHRIS REAGAN	PRESIDENT	N/A	Officer	$0	$0	$0
TEENA WAGNER	SECRETARY	N/A	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
2024	$769,036	$726,228	$876,092	$42,808
2023	$800,836	$563,642	$840,790	$237,194
2022	$466,949	$534,210	$622,166	$-67,261
2021	$468,987	$466,350	$659,087	$2,637
2020	$439,842	$442,496	$725,139	$-2,654
2019	$502,283	$530,983	$757,727	$-28,700
2018	$692,450	$663,849	$825,488	$28,601

MADISON COUNTY SHELTERED WORKSHOP INC