SHELTERED WORKSHOP OF NICHOLAS CO (EIN 550578723) - 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

1979

Legal Domicile

Principal Officer

MICHAEL GRAY

Phone

3047426202

Tax Period

2023-07-01 to 2024-06-30

SHELTERED WORKSHOP OF NICHOLAS CO, founded in 1979, is a small nonprofit in the Employment sector that reported $794K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE WORK ORIENTED REHABILITATION TO HANDICAPPED INDIVIDUALS.

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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 $60,606

Program Service Revenue $444,343

Investment Income $16,332

Other Revenue $272,733

TOTAL REVENUE $794,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,995

Fundraising Expenses $0

Program Expenses $539,162

Other Expenses $180,156

TOTAL EXPENSES $779,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$794,014	$734,933	+0.1%
Expenses	$779,151	$699,496	+0.1%
Net Income	$14,863	$35,437	-0.6%

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

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
MELISSA BARNETT	BOARD MEMBER	2.00	Director	$0	$0	$0
DUANE BRAGG	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JIM GAMBLE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE MCMURRAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
LARRY ROBINSON	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	$794,014	$779,151	$1,397,618	$14,863
2023	$734,933	$699,496	$1,382,340	$35,437
2022	$709,554	$633,603	$1,346,530	$75,951
2021	$591,875	$510,641	$1,374,752	$81,234
2020	$735,893	$694,534	$1,289,608	$41,359
2019	$827,164	$721,912	$1,173,868	$105,252

SHELTERED WORKSHOP OF NICHOLAS CO