EXPERIENCE WORKS 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

1965

Legal Domicile

Principal Officer

Sally A Boofer

Phone

4104049074

Tax Period

2020-07-01 to 2021-06-30

EXPERIENCE WORKS INC, founded in 1965, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2020. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

EXPERIENCE WORKS, INC.'S MISSION IS TO IMPROVE THE LIVES OF OLDER PEOPLE THROUGH TRAINING, COMMUNITY SERVICE AND EMPLOYMENT. IN SUPPORT OF THIS MISSION, EXPERIENCE WORKS OPERATES JOB TRAINING PROGRAMS, WORK PLACEMENT PROJECTS, VOLUNTEER PROGRAMS, AND OTHER COMMUNITY-BASED PROGRAMS FUNDED THROUGH FEDERAL GRANT AWARDS, STATE CONTRACTS, CORPORATE GRANTS, AND INDIVIDUAL DONORS.

Program Service Accomplishments

Program 1

Expenses: $4,786,446 Revenue: $0

SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) - FEDERAL NATIONAL DIRECT GRANT: THE SCSEP SERVICE MATCHES THE NEEDS OF LOW INCOME INDIVIDUALS AGED 55 AND OLDER WITH PUBLIC AND COMMUNITY BASED...

SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) - FEDERAL NATIONAL DIRECT GRANT: THE SCSEP SERVICE MATCHES THE NEEDS OF LOW INCOME INDIVIDUALS AGED 55 AND OLDER WITH PUBLIC AND COMMUNITY BASED AGENCIES TO ENHANCE PARTICIPANT JOB SKILLS AND EMPLOYMENT PROSPECTS WHILE PROVIDING ESSENTIAL COMMUNITY SERVICES. THE SCSEP SERVICE IS IN FURTHERANCE OF AND SUBSTANTIALLY RELATED TO EXPERIENCE WORKS' EXEMPT PURPOSES.

Program 2

Expenses: $3,052,575 Revenue: $0

SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) - FEDERAL PASS-THROUGH GRANTS THROUGH STATES: SAME AS FEDERAL NATIONAL DIRECT SCSEP GRANT EXCEPT FEDERAL FUNDS ARE ADMINISTERED BY STATE AND LOCAL GOVERNMENTS. THE SCSEP SERVICE IS IN FURTHERANCE OF AND SUBTANTIALLY RELATED TO EXPERIENCE WORKS' EXEMPT PURPOSES.

Program 3

Expenses: $193,157 Revenue: $0

SENIOR COMMUNITY SERVICE EMPLOYMENT PROGRAM (SCSEP) - FEDERAL NATIONAL DIRECT GRANT: TRANSITION OF ALL PROGRAM SERVICES TO OTHER GRANTEES EFFECTIVE JANUARY 2021.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,996,944

Program Service Revenue $0

Investment Income $524

Other Revenue $0

TOTAL REVENUE $8,997,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,546,687

Fundraising Expenses $734

Program Expenses $8,152,784

Other Expenses $788,448

TOTAL EXPENSES $9,335,135

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8,997,468	$18,897,684	-0.5%
Expenses	$9,335,135	$18,583,249	-0.5%
Net Income	$-337,667	$314,435	-2.1%

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

1852

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

$381,189

Total Directors

Key Employees

$286,346

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY A BOOFER	PRESIDENT & CEO	40	Officer	$185,949	$37,589	$223,538
CRISTAL KURTZ	DIRECT0R OF HUMAN RSOURCES	40	Key Emp	$132,332	$44,463	$176,795
ROSEMARY SCHMIDT	CHIEF FINANCIAL OFFICER	40	Officer	$133,782	$23,869	$157,651
UNA JOHANNESDOTTIR	SOFTWARE PROGRAMMER	40	Key Emp	$101,074	$8,477	$109,551
WILLIAM MILLER	CHAIRMAN & TREASURER	5	Officer Director	$0	$0	$0
CYNTHIA METZLER	VICE CHAIRMAN	5	Officer Director	$0	$0	$0
ROGER NOONAN	SECRETARY	5	Officer Director	$0	$0	$0
DAVID VELDE	DIRECTOR	5	Director	$0	$0	$0
ETHAN WHITMORE	DIRECTOR	5	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
2021	$8,997,468	$9,335,135	$76,388	$-337,667
2020	$18,897,684	$18,583,249	$1,766,488	$314,435
2019	$18,800,862	$18,314,866	$3,748,563	$485,996
2018	$17,930,223	$17,937,957	$3,937,901	$-7,734