Institute for the American Worker

EIN: 463062521 501(c)(3) Education

Hamilton, VA

Total Revenue
$1,034,211
Total Expenses
$635,100
Total Assets
$764,256
Net Assets
$745,254
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
Frank Vernuccio
Phone
2023501480
Tax Period
2023-01-01 to 2023-12-31

Institute for the American Worker, founded in 2013, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 39% operating margin.

Mission

The Institute for the American Worker educates about policies that enhance freedom, facilitate innovation, and foster collaboration between workers and job creators. We provide customized research and analysis on complex labor legislation for policymakers, stakeholders, and thought leaders to elevate free market labor reform.

Program Service Accomplishments

Program 1
Expenses: $126,031

Congressional education and coalition outreach - Hosted in-person and virtual briefings with lawmakers and/or their staff on timely labor policy issues and produced policy backgrounders. Hosted...

Read more

Congressional education and coalition outreach - Hosted in-person and virtual briefings with lawmakers and/or their staff on timely labor policy issues and produced policy backgrounders. Hosted additional coalition events and fly-ins centered around labor policy issues and the future of work.

Program 2
Expenses: $169,900

Web updates and services - Launched and updated Labor News Today, a research and news aggregator site.

Program 3
Expenses: $168,700

Public Policy Polling and Briefing - commissioned an online survey on trending labor policy issue to determine likely voter opinions.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,034,211
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,034,211

Expense Breakdown

Grants Paid $35,000
Salaries & Benefits $0
Fundraising Expenses $74,595
Program Expenses $464,631
Other Expenses $543,360
TOTAL EXPENSES $635,100

Year-over-Year Comparison

2023 2022 Change
Revenue $1,034,211 $598,685 +0.7%
Expenses $635,100 $520,134 +0.2%
Net Income $399,111 $78,551 +4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
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
6
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Bowman Chairman, Board of Directors 001.00
Officer Director
$0 $0 $0
Jennifer Butler Secretary, Board of Directors 001.00
Officer Director
$0 $0 $0
Erica Jedynak Treasurer, Board of Directors 001.00
Officer Director
$0 $0 $0
Grover Norquist Board of Directors 001.00
Director
$0 $0 $0
Kristina Rasmussen Vice Chair, Board of Directors 001.00
Officer Director
$0 $0 $0
F Vincent Vernuccio President 020.00
Officer
$0 $0 $0
Mary Ellen Beatty Vice President of Communications 015.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,034,211 $635,100 $764,256 $399,111
2022 $598,685 $520,134 $389,475 $78,551
2022 $598,685 $520,134 $389,475 $78,551
2021 $452,500 $197,585 $292,600 $254,915
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Institute for the American Worker with other nonprofits in Virginia and across the country.