WORKSHOP 13 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

Principal Officer

JOYCE EICHACKER

Phone

4132776072

Tax Period

2024-01-01 to 2024-12-31

WORKSHOP 13 INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $429K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $402K left a modest 6% surplus.

Mission

TO EDUCATE AND SUPPORT THE DEVELOPMENT OF VISUAL AND PERFORMANCE ARTISTS AND CULTIVATE ART IN THE COMMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $238,796

OPERATED AN ART STUDIO TO EDUCATE AND CULTIVATE ART IN THE COMMUNITY

Program 2

Expenses: $44,011

OPERATED MUSIC HALL FOR CONCERTS AND OPEN MICROPHONE NIGHTS TO CULTIVATE AND PROMOTE MUSICAL ARTS IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $256,716

Program Service Revenue $171,683

Investment Income $10

Other Revenue $123

TOTAL REVENUE $428,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,445

Fundraising Expenses $73,516

Program Expenses $282,807

Other Expenses $307,028

TOTAL EXPENSES $402,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$428,532	$478,924	-0.1%
Expenses	$402,473	$288,996	+0.4%
Net Income	$26,059	$189,928	-0.9%

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

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

$59,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE LAUDERDALE	EXECUTIVE DI	40.00	Director	$59,780	$0	$59,780
BARBARA BLESSINGER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID BLESSINGER	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH DURHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE EICHACKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROC GOUDREAU	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRIAN JYRINGI	DIRECTOR	1.00	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	$428,532	$402,473	$427,862	$26,059
2023	$478,924	$288,996	$416,277	$189,928
2022	$246,303	$230,561	$235,624	$15,742
2021	$198,844	$160,587	$199,962	$38,257
2021	$198,844	$147,707	$217,234	$51,137
2020	$127,930	$123,431	$176,173	$4,499
2020	$127,930	$127,823	$171,781	$107
2019	$194,092	$191,291	$166,618	$2,801
2018	$142,261	$114,788	$165,725	$27,473