Working Bikes (EIN 542138339) - 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

2003

Legal Domicile

Principal Officer

Dave Gorman

Phone

6309171702

Tax Period

2024-01-01 to 2024-12-31

Working Bikes, founded in 2003, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

Collect and repair bicycles and redistribute them in needy local and global communities.

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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 $756,798

Program Service Revenue $15,983

Investment Income $400

Other Revenue $721,284

TOTAL REVENUE $1,494,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $832,835

Fundraising Expenses $11,202

Program Expenses $1,464,016

Other Expenses $725,764

TOTAL EXPENSES $1,558,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,494,465	$1,550,051	0.0%
Expenses	$1,558,599	$1,486,276	+0.0%
Net Income	$-64,134	$63,775	-2.0%

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

1429

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

$81,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Gorman	President	8.00	Officer Director	$0	$0	$0
Dalia Garcia	Vice President	3.00	Director	$0	$0	$0
Amy Little	Treasurer	3.00	Officer Director	$0	$0	$0
Mark Dabrowski	Secretary	4.00	Officer Director	$0	$0	$0
Caronina Grimble	Director	1.00	Director	$0	$0	$0
Claire Meyers	Director	2.00	Director	$0	$0	$0
Devon Snyder	Director	2.00	Director	$0	$0	$0
Faraz Hussain	Director	2.00	Director	$0	$0	$0
Jerry Cohen	Director	5.00	Director	$0	$0	$0
Lee Ravenscroft	Director	5.00	Director	$0	$0	$0
Olin Postlewaite	Director	2.00	Director	$0	$0	$0
Phil Kaplan	Director	8.00	Director	$0	$0	$0
Reshorna Fitzpatrick	Director	1.00	Director	$0	$0	$0
Trevor Clarke	Executive Director	50.00	Officer	$81,187	$0	$81,187

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	$1,494,465	$1,558,599	$1,823,499	$-64,134
2023	$1,550,051	$1,486,276	$1,466,529	$63,775
2022	$1,249,483	$1,156,284	$1,386,342	$93,199
2021	$1,172,516	$1,041,551	$1,288,270	$130,965
2020	$949,904	$846,812	$1,148,976	$103,092
2019	$960,526	$1,000,666	$1,045,513	$-40,140
2018	$985,635	$855,126	$1,104,973	$130,509

Working Bikes