Hancock County Sheltered Workshop Inc (EIN 550487462) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MELISSA A PERKINS

Phone

3047482370

Tax Period

2022-07-01 to 2023-06-30

Hancock County Sheltered Workshop Inc, founded in 1984, is a community nonprofit in the Employment sector that reported $1.9M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Net assets of $4.5M represent 29 months of operating reserves.

Mission

THE WORKSHOP PROVIDES AID TO INDIVIDUALS WITH DISABILITIES BY PROVIDING ACADEMIC AND SOCIAL ACTIVITIES THAT WILL ASSIST THEM IN ACHIEVING COMMUNITY INTEGRATION AND SELF INDEPENDENCE THROUGH ITS TWO MAJOR PROGRAMS OF SUPPORTED AND EXTENDED EMPLOYMENT AND TRAINING AND REHABILITATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $261,821

Program Service Revenue $1,607,626

Investment Income $3,334

Other Revenue $0

TOTAL REVENUE $1,872,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,033,983

Fundraising Expenses $0

Program Expenses $1,648,235

Other Expenses $930,339

TOTAL EXPENSES $1,964,322

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,872,781	$2,074,573	-0.1%
Expenses	$1,964,322	$2,097,810	-0.1%
Net Income	$-91,541	$-23,237	+2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MCCUNE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ASH	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUANN DECKER	VICE PRESIDENT	1.00	Director	$0	$0	$0
RONALD GREER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG GREATHOUSE	TREASURER	1.00	Officer Director	$0	$0	$0
RHONDA BANFIELD	SECRETARY	1.00	Director	$0	$0	$0
CATHY FERRARI	DIRECTOR	1.00	Officer Director	$0	$0	$0
CAROL ROSENLIEB	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FAIR	DIRECTOR	1.00	Director	$0	$0	$0
ERON CHEK	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,872,781	$1,964,322	$5,182,355	$-91,541
2022	$2,074,573	$2,097,810	$5,142,353	$-23,237
2021	$2,542,705	$2,079,740	$5,251,796	$462,965
2020	$2,948,362	$2,632,447	$5,067,705	$315,915
2019	$2,827,188	$2,762,818	$4,697,152	$64,370
2018	$2,983,627	$3,046,324	$4,145,960	$-62,697

Hancock County Sheltered Workshop Inc