WORK IN PROGRESS INC (EIN 570946855) - 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

1992

Legal Domicile

Principal Officer

AMY JOLLY

Phone

8037580066

Tax Period

2024-01-01 to 2024-12-31

WORK IN PROGRESS INC, founded in 1992, is a small nonprofit in the Mental Health sector that reported $712K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 28% operating margin.

Mission

THE ORGANIZATION PROVIDES EMPLOYMENT SERVICES FOR INDIVIDUALS RECOVERING FROM MENTAL ILLNESS.

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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 $57,822

Program Service Revenue $653,730

Investment Income $0

Other Revenue $0

TOTAL REVENUE $711,552

Expense Breakdown

Grants Paid $89

Salaries & Benefits $469,301

Fundraising Expenses $13,803

Program Expenses $382,801

Other Expenses $43,871

TOTAL EXPENSES $513,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,552	$489,349	+0.5%
Expenses	$513,261	$515,351	0.0%
Net Income	$198,291	$-26,002	-8.6%

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
ERIKA JENSON	CHAIR	0.50	Officer Director	$0	$0	$0
STUART SHIELDS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GEORGE MAVROFTAS	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRIS WHITE	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN TIMMONS	DIRECTOR	0.50	Director	$0	$0	$0
KAMEISHA HEPPARD-DANIELS	DIRECTOR	0.50	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	$711,552	$513,261	$469,622	$198,291
2023	$489,349	$515,351	$277,371	$-26,002
2022	$446,451	$477,416	$300,539	$-30,965
2021	$500,667	$449,001	$331,287	$51,666
2020	$514,332	$480,071	$279,460	$34,261
2019	$449,296	$392,917	$247,675	$56,379
2018	$490,365	$421,600	$186,231	$68,765

WORK IN PROGRESS INC