WORK2FUTURE FOUNDATION (EIN 453156415) - 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

2011

Legal Domicile

Principal Officer

KHANH RUSSO

Phone

4083940369

Tax Period

2024-07-01 to 2025-06-30

WORK2FUTURE FOUNDATION, founded in 2011, is a small nonprofit in the Employment sector that reported $106K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $129K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE WORK2FUTURE FOUNDATION WAS ESTABLISHED IN SEPTEMBER OF 2011 WITH THE PURPOSE OF CREATING AND ADVANCING NEW OPPORTUNITIES TO CONNECT WORKFORCE AND ECONOMIC DEVELOPMENT AS WELL AS TO PROMOTE SMALL BUSINESS DEVELOPMENT, GROWTH AND SUSTAINABILITY. THE WORK2FUTURE FOUNDATION PROVIDES PRIVATE AND PUBLICLY FUNDED VOCATIONAL EDUCATION AND TRAINING PROGRAMS IN SANTA CLARA COUNTY AND ITS UNINCORPORATED AREAS. THE WORK2FUTURE FOUNDATION SERVES AN ESTIMATED 5,000 JOB SEEKERS EACH YEAR.

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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 $106,197

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,197

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,000

Other Expenses $44,162

TOTAL EXPENSES $129,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,197	$124,730	-0.1%
Expenses	$129,162	$175,526	-0.3%
Net Income	$-22,965	$-50,796	-0.5%

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

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
KHANH RUSSO	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAO SAM	TREASURER	2.00	Officer Director	$0	$0	$0
HAN LE	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	$106,197	$129,162	$66,735	$-22,965
2024	No data	No data	No data	No data
2023	$193,411	$214,176	$149,028	$-20,765
2022	$140,255	$150,332	$254,693	$-10,077
2021	$178,998	$254,115	$187,898	$-75,117
2020	$625,159	$691,136	$323,291	$-65,977
2019	$4,554,552	$5,157,927	$566,037	$-603,375
2018	$5,108,498	$4,942,837	$1,245,100	$165,661

WORK2FUTURE FOUNDATION