FIRST WORKINGS INC (EIN 472042832) - Form 990 Financial Analysis & Trantor Score

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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

KEVIN DAVIS

Phone

6466191207

Tax Period

2023-01-01 to 2023-12-31

FIRST WORKINGS INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $341K in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO HELP LOW-INCOME, UNDERSERVED, AND UNDERREPRESENTED STUDENTS GAIN THEIR FIRST PROFESSIONAL WORK EXPERIENCE AND HELP THEM PUT IN PLACE THE FOUNDATIONS FOR A SUCCESSFUL CAREER.

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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 $341,428

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $341,428

Expense Breakdown

Grants Paid $22,256

Salaries & Benefits $219,287

Fundraising Expenses $13,710

Program Expenses $258,301

Other Expenses $105,707

TOTAL EXPENSES $347,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,428	$342,626	0.0%
Expenses	$347,250	$413,828	-0.2%
Net Income	$-5,822	$-71,202	-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

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
KEVIN DAVIS	CHAIRMAN	20.00	Director	$0	$0	$0
SUSIE DAVIS	VICE- CHAIRMAN	1.00	Director	$0	$0	$0
DR EYAL SHEMESH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY LIPSITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACK KLION	BOARD MEMBER	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	No data	No data	No data	No data
2023	$341,428	$347,250	$45,981	$-5,822
2022	$342,626	$413,828	$51,803	$-71,202
2021	$459,948	$424,210	$123,005	$35,738
2020	$179,570	$409,922	$118,565	$-230,352
2019	$643,530	$405,445	$317,620	$238,085
2018	$356,617	$321,751	$79,535	$34,866

FIRST WORKINGS INC