WORKNET INC (EIN 522267430) - 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

2000

Legal Domicile

Principal Officer

CHARLES B WILLIAMS

Phone

8085277770

Tax Period

2023-01-01 to 2023-12-31

WORKNET INC, founded in 2000, is a small nonprofit in the Employment sector that reported $129K in total revenue in fiscal year 2023. Expenses of $115K left a modest 10% surplus.

Mission

ORGANIZATION DELIVERS EMPLOYMENT TRAINING SERVICES, VOCATIONAL REHABILITATIONAL SERVICES, LIFE SKILLS TRAINING SERVICES, AND ESSENTIAL SUPPORT SERVICES SUCH AS TRANSPORTATION, HOUSING, SUBSTANCE ABUSE TREATMENT, AND/OR JOB PLACEMENT, ESPECIALLY DESIGNED TO ASSIST THOSE IN MEDICAL RECOVERY, RECENTLY DE-INSTITUTIONALIZED,HOMELESS, OR IN MID-CAREER TRANSITION.

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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 $115,016

Program Service Revenue $13,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $128,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,484

Fundraising Expenses $0

Program Expenses $92,265

Other Expenses $44,885

TOTAL EXPENSES $115,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,516	$131,536	0.0%
Expenses	$115,369	$120,163	0.0%
Net Income	$13,147	$11,373	+0.2%

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

$11,667

Total Directors

$11,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES B WILLIAMS	PRESIDENT/DIRECTOR	40.00	Officer Director	$11,667	$0	$11,667
GENE DAVIS DESCALZI	VICE-PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
RUBY MENON	TREASURUER/DIRCTR	1.00	Officer Director	$0	$0	$0
LEE ROMBAOA	SERETARY-DIRECTOR	1.00	Officer 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	$128,516	$115,369	$35,406	$13,147
2022	$131,536	$120,163	$24,012	$11,373
2021	$115,398	$163,944	$11,536	$-48,546
2020	$111,542	$166,063	$31,073	$-54,521
2019	$175,388	$166,706	$12,844	$8,682
2018	$98,738	$149,782	$6,960	$-51,044
2017	$107,081	$187,393	$20,068	$-80,312

WORKNET INC