POLK COUNTY SHELTERED WORKSHOP INC (EIN 570519270) - 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

Principal Officer

MIKE KARAMAN

Phone

8288943041

Tax Period

2024-07-01 to 2025-06-30

POLK COUNTY SHELTERED WORKSHOP INC is a community nonprofit in the Employment sector that reported $3.9M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 10% surplus.

Mission

TO PROVIDE VOCATIONAL, REHABILITATION, AND LIFE SKILLS TRAINING TO PEOPLE WITH BARRIERS TO EMPLOYMENT WHILE PROVIDING QUALITY PRODUCTS AND SERVICES TO OUR COMMERCIAL CUSTOMERS ON-TIME AND ERROR FREE.

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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 $74,721

Program Service Revenue $3,679,679

Investment Income $112,820

Other Revenue $0

TOTAL REVENUE $3,867,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,745,975

Fundraising Expenses $0

Program Expenses $2,711,286

Other Expenses $747,527

TOTAL EXPENSES $3,493,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,867,220	$3,712,535	+0.0%
Expenses	$3,493,502	$3,222,011	+0.1%
Net Income	$373,718	$490,524	-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

101

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
GEOFF CAREY	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
MARGOT CARTER	BOARD VICE C	N/A	Officer Director	$0	$0	$0
WENDY CRANFORD	BOARD SECRET	N/A	Officer Director	$0	$0	$0
LORI GEDDINGS	BOARD MEMBER	N/A	Director	$0	$0	$0
STAN GIBSON	BOARD MEMBER	N/A	Director	$0	$0	$0
AARON GREENE	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA OWENS	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM WILSON	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE KARAMAN	PRESIDENT	N/A	Officer	$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	$3,867,220	$3,493,502	$3,845,488	$373,718
2024	$3,712,935	$3,222,011	$3,490,529	$490,924
2023	$3,287,335	$3,002,656	$2,967,224	$284,679
2022	$2,928,986	$3,120,434	$2,694,853	$-191,448
2021	$3,402,131	$2,742,561	$2,883,362	$659,570
2020	$2,600,759	$2,570,493	$2,656,005	$30,266
2019	$2,903,044	$2,702,001	$2,221,007	$201,043

POLK COUNTY SHELTERED WORKSHOP INC