ONE FAIR WAGE ACTION INC

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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

2014

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $134,180

Policy Shift Worker Organizing In 2023, we helped to launch policy campaigns in 2023 in CT, MD, MA, IL, CO, RI, PR, HI, CA, ID, OH, and AZ. We hired organizers in many of these states to conduct...

Policy Shift Worker Organizing In 2023, we helped to launch policy campaigns in 2023 in CT, MD, MA, IL, CO, RI, PR, HI, CA, ID, OH, and AZ. We hired organizers in many of these states to conduct surveys and outreach to restaurant workers, develop their leadership, and help them tell and share their stories. MA Initiative In Massachusetts, the subminimum wage for tipped workers is still just 6.75/hr as of January 2023. Ending this low-wage carve-out positively impacts an overall restaurant workforce of nearly 240,000 Massachusetts workers. In the Bay State, we are advancing One Fair Wage on Beacon Hill with State Senator Patricia Jehlen sponsoring S1213 and State Representative Tricia Farley-Bouvier sponsoring the House version of the bill H1971. Next250 - In February 2022, we launched the 25 by 250 campaign, in which we have created a plan to organize restaurants, services, and other low-wage workers to advance policy to raise wages and end subminimum wages in 25 states by the United States 250th Anniversary

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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 $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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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
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