PIVOT WORKS INC

🔒

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

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

LAURA CORDIER

Phone

4012167281

Tax Period

2024-10-01 to 2025-09-30

PIVOT WORKS INC, founded in 2013, is a community nonprofit in the International Affairs sector that reported $8.6M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 14% surplus.

Mission

WE ARE A MADAGASCAR-BASED ORGANIZATION PARTNERING WITH THE GOVERNMENT TO TRANSFORM THE LOCAL HEALTH SYSTEM AND PROVIDE A MODEL FOR THE INTEGRATION OF SERVICE DELIVERY AND SCIENCE TO MEET THE NEEDS OF THE MOST VULNERABLE POPULATIONS TO REDUCE MATERNAL AND CHILD MORTALITY.

Program Service Accomplishments

Program 1

Expenses: $6,115,161

MADAGASCAR HEALTH SERVICES - PIVOT WORKS IN THE VATOVAVY REGION OF MADAGASCAR, WITH A VISION TO ADVANCE UNIVERSAL HEALTH COVERAGE. OUR DISTRICT MODEL APPROACH ENSURES THE INTEGRATION OF CARE AT ALL THREE CRITICAL LEVELS OF THE HEALTH SYSTEM: COMMUNITY HEALTH, PRIMARY HEALTH CARE FACILITIES AND DISTRICT REFERRAL HOSPITALS. OUR PRIORITY PROGRAMS INCLUDE 1) HUMAN RESOURCES FOR HEALTH - TO HAVE RESPONSIVE, MOTIVATED WELL TRAINED HEALTH WORKFORCE IMPLEMENTING MATERNAL AND CHILD HEALTH PROGRAMS 2) ENHANCED COMMUNITY HEALTH - WITH PROFESSIONALIZED COMMUNITY HEALTH WORKERS EQUIPPED WITH MOBILE TECHNOLOGY 3) SOCIAL PROTECTION - WITH REMOVAL OF USER FEES AND SOCIAL PROGRAMS FOR VULNERABLE AND TARGET POPULATIONS 4) INTEGRATED TRANSFORMATIVE RESEARCH TO ADVANCE AN EVIDENCE BASED MODEL THAT IS RESPONSIVE TO LOCAL NEEDS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,511,553

Program Service Revenue $0

Investment Income $115,310

Other Revenue $3,521

TOTAL REVENUE $8,630,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,845,771

Fundraising Expenses $382,907

Program Expenses $6,115,161

Other Expenses $4,556,980

TOTAL EXPENSES $7,402,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,630,384	$8,277,986	+0.0%
Expenses	$7,402,751	$6,999,972	+0.1%
Net Income	$1,227,633	$1,278,014	0.0%

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

Governance

Voting Members

Independent Members

Employees

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

$266,648

Total Directors

$69,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BONDS	CO-FOUNDER & SCIENTIFIC DIRECTOR	25.00	Officer Director	$26,446	$0	$26,446
BENJAMIN ANDRIAMIHAJA	DIRECTOR/GOVERNMENT ADVISOR	10.00	Director	$42,615	$0	$42,615
FARAMALALA RABEMANANJARA	DIRECTOR/ORGANIZATION CONSULTANT	0.50	Director	$200	$0	$200
ROBIN HERRNSTEIN	CHAIRWOMAN & CO-FOUNDER	4.00	Officer Director	$0	$0	$0
TYLER SALTIEL	TREASURER	1.00	Officer Director	$0	$0	$0
TARA LOYD	DIRECTOR & ED EMERITUS (UNTIL 1/2025)	0.50	Officer Director	$0	$0	$0
MICHAEL RICH	DIRECTOR/SENIOR CLINICAL ADVISOR	0.50	Director	$0	$0	$0
JAMES HERRNSTEIN	DIRECTOR & CO-FOUNDER	0.50	Director	$0	$0	$0
EMMA UWODUKUNDA	DIRECTOR	0.50	Director	$0	$0	$0
LUC SAMISON	DIRECTOR	0.50	Director	$0	$0	$0
LARA HALL	DIRECTOR	0.50	Director	$0	$0	$0
BOB HOWER	DIRECTOR	0.50	Director	$0	$0	$0
MARK KRASNOW	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD M NORTON	DIRECTOR	0.50	Director	$0	$0	$0
BRITTANY POWELL	DIRECTOR (UNTIL 1/2025)	0.50	Director	$0	$0	$0
MANU PRAKASH	DIRECTOR	0.50	Director	$0	$0	$0
TAHIRY RAVELOSON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
SEHENO RANDRIAMANANTENA	DIRECTOR (UNTIL 1/2025)	0.50	Director	$0	$0	$0
STEPHEN DELLA PIETRA	DIRECTOR	0.50	Director	$0	$0	$0
VINCENT DELLA PIETRA	DIRECTOR	0.50	Director	$0	$0	$0
LAURA CORDIER	EXECUTIVE DIRECTOR	40.00	Officer	$180,186	$8,269	$188,455
CHARLOTTE FRAIBERG	CHIEF FINANCIAL OFFICER	40.00	Officer	$49,742	$2,005	$51,747

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	$8,630,384	$7,402,751	$8,116,479	$1,227,633
2024	$8,277,986	$6,999,972	$6,874,157	$1,278,014
2023	$6,497,303	$7,667,321	$5,652,797	$-1,170,018
2022	$7,578,476	$6,182,563	$6,495,988	$1,395,913
2021	$6,969,114	$6,168,603	$5,227,155	$800,511
2019	$6,096,067	$5,951,595	$3,718,461	$144,472
2018	$5,179,878	$4,083,203	$3,454,162	$1,096,675