Ability 2 Work

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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

2013

Legal Domicile

Principal Officer

KARON MONROY PHD

Phone

9083912614

Tax Period

2023-01-01 to 2023-12-31

Ability 2 Work, founded in 2013, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $63K in total revenue in fiscal year 2023. Net assets of $1.8M represent 345 months of operating reserves.

Mission

WE ARE A 501(C)(3) FOCUSED ON FINDING AND NURTURING WHAT OUR DIFFERENTLY-ABLED STUDENTS AND WORKERS CAN DO RATHER THAN WHAT THEY CAN'T.

Program Service Accomplishments

Program 1

Expenses: $55,877

We provide education, advocacy and support for those with IDD to live with full access to their community as a non-disabled person has. We train and support families with therapeutic approaches for a person centered practice. We support families and individuals with IDD to make informed decisions about their life and their care. (See Schedule O for Details)

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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 (2023)

Revenue Breakdown

Contributions & Grants $62,596

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000

Fundraising Expenses $0

Program Expenses $55,877

Other Expenses $63,868

TOTAL EXPENSES $64,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,596	$60,638	+0.0%
Expenses	$64,868	$59,254	+0.1%
Net Income	$-2,272	$1,384	-2.6%

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
KAREN MONROY PHD	CEO/DIRECTOR	25.0	Officer Director	$0	$0	$0
JULIE DIRICO-HYMAN	DIRECTOR	25.0	Director	$0	$0	$0
RICH YOUNG	treasurer/director	25.0	Officer Director	$0	$0	$0
MARTY HYMAN	president/DIRECTOR	25.0	Officer Director	$0	$0	$0
ED MONROY	secretary/DIRECTOR	25.0	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
2024	No data	No data	No data	No data
2023	$62,596	$64,868	$2,005,066	$-2,272
2022	$60,638	$59,254	$2,007,338	$1,384
2021	$81,102	$80,580	$2,005,954	$522
2020	$90,464	$91,686	$2,002,899	$-1,222
2019	$324,028	$483,677	$2,004,121	$-159,649
2018	$464,260	$509,344	$2,008,012	$-45,084