ONE FAIR WAGE ACTION INC

EIN: 465249734

Cambridge, MA

Total Revenue
$1,212,286
Total Expenses
$156,685
Total Assets
$70,349
Net Assets
$-980,957
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Phone
9173782651
Tax Period
2023-01-01 to 2023-12-31

ONE FAIR WAGE ACTION INC, founded in 2014, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 87% operating margin.

Mission

ORGANIZATIONS PRIMARY EXEMPT PURPOSE - TO HELP REDUCE POVERTY, EXPAND ECONOMIC OPPORTUNITY, IMPROVE PUBLIC HEALTH AND SAFETY, COMBAT DISCRIMINATION, AND ADVANCE HUMAN RIGHTS - SEE SCHEDULE O FOR FULL DESCRIPTION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,212,286
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,212,286

Expense Breakdown

Grants Paid $100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $134,180
Other Expenses $156,585
TOTAL EXPENSES $156,685

Year-over-Year Comparison

2023 2022 Change
Revenue $1,212,286 $2,044,710 -0.4%
Expenses $156,685 $4,462,956 -1.0%
Net Income $1,055,601 $-2,418,246 -1.4%
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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Governance

Voting Members
10
Independent Members
9
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CORMIER MAGGIANO TREASURER 002.00
Officer Director
$0 $0 $0
ROBERT RAYMAR DIRECTOR 001.00
Director
$0 $0 $0
CONNIE COOPERSMITH DIRECTOR 001.00
Director
$0 $0 $0
WANDA HAMMOUD CHAIRPERSON 002.00
Officer Director
$0 $0 $0
STEVE SIBERSTEIN DIRECTOR 001.00
Director
$0 $0 $0
JAVIER MORILLO DIRECTOR 001.00
Director
$0 $0 $0
ERIKA ALEXANDER DIRECTOR 001.00
Director
$0 $0 $0
KIRAN JAIN DIRECTOR 001.00
Director
$0 $0 $0
JAGADISH SHUKLA DIRECTOR 001.00
Director
$0 $0 $0
SARU JAYARAMAN PRESIDENT 010.00
Officer
$0 $0 $0
FEKKAK MAMDOUH SENIOR DIRECTOR 010.00
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
2023 $1,212,286 $156,685 $70,349 $1,055,601
2022 $2,044,710 $4,462,956 $48,021 $-2,418,246
2021 $66,551 $338,109 $362,782 $-271,558
2020 $730,324 $203,624 $627,840 $526,700
2019 $539,630 $580,385 $83,785 $-40,755
2018 $1,557,919 $1,663,952 $225,638 $-106,033
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