Working Credit NFP (EIN 472614811) - 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

Sarah Chenven

Phone

3123395357

Tax Period

2024-01-01 to 2024-12-31

Working Credit NFP, founded in 2014, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 54% operating margin.

Mission

To partner with individuals and communities with no-to-low credit scores to provide credit building education, one-on-one counseling, and access to financial products needed to thrive financially.

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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 $4,073,161

Program Service Revenue $268,134

Investment Income $18,699

Other Revenue $0

TOTAL REVENUE $4,359,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,516,484

Fundraising Expenses $174,853

Program Expenses $1,512,062

Other Expenses $469,464

TOTAL EXPENSES $1,985,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,359,994	$2,073,323	+1.1%
Expenses	$1,985,948	$1,898,580	+0.0%
Net Income	$2,374,046	$174,743	+12.6%

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

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

$166,203

Total Directors

$43,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Chenven	CEO	40.00	Officer	$122,630	$0	$122,630
Ricki Lowitz	Founder/Advisor	40.00	Officer Director	$43,573	$0	$43,573
Jacqueline Scott	President	2.00	Officer Director	$0	$0	$0
Ellen Meade	Treasurer	2.00	Officer Director	$0	$0	$0
Kim Allman	Secretary	2.00	Officer Director	$0	$0	$0
Gary Kash	Director	2.00	Director	$0	$0	$0
Kant Desai	Director	2.00	Director	$0	$0	$0
Colette Labrador	Director	2.00	Director	$0	$0	$0
Valerie Rivera	Director	2.00	Director	$0	$0	$0
Diana Elliott	Director	2.00	Director	$0	$0	$0
Vanessa Messan	Director	2.00	Director	$0	$0	$0
Annyelica Diaz	Director	2.00	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	$4,359,994	$1,985,948	$3,198,962	$2,374,046
2023	$2,073,323	$1,898,580	$847,051	$174,743
2022	$773,930	$1,436,525	$623,957	$-662,595
2021	$1,081,152	$822,541	$1,342,543	$258,611
2020	$822,320	$877,906	$971,219	$-55,586

Working Credit NFP