Cobbworks Inc (EIN 582635833) - 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

2001

Legal Domicile

Phone

7705284300

Tax Period

2024-07-01 to 2025-06-30

Cobbworks Inc, founded in 2001, is a community nonprofit in the Employment sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE EMPLOYMENT AND EDUCATION OPPORTUNITIES THAT STRENGTHEN THE WORKFORCE AND ECONOMIC DEVELOPMENT IN OUR COBB COUNTY COMMUNITY, THROUGH A VARIETY OF SERVICES TO BUSINESSES AND JOB-SEEKERS.

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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 $6,824,771

Program Service Revenue $0

Investment Income $1,421

Other Revenue $-20,529

TOTAL REVENUE $6,805,663

Expense Breakdown

Grants Paid $2,435,967

Salaries & Benefits $2,015,894

Fundraising Expenses $0

Program Expenses $6,739,638

Other Expenses $2,642,314

TOTAL EXPENSES $7,094,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,805,663	$4,972,329	+0.4%
Expenses	$7,094,175	$5,015,241	+0.4%
Net Income	$-288,512	$-42,912	+5.7%

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

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

$179,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daneea Badio-McCray	Chair	3.0	Officer Director	$0	$0	$0
Patricia Horton	Youth Chair	3.0	Officer Director	$0	$0	$0
Ralph Rehn	Finance Chair	3.0	Officer Director	$0	$0	$0
William Tanks	Literacy Chair	3.0	Officer Director	$0	$0	$0
Cynthia Burks	Board Member	3.0	Director	$0	$0	$0
Dana Johnson	Board Member	3.0	Director	$0	$0	$0
Daniel Cummings	Board Member	3.0	Director	$0	$0	$0
Dennette Thornton	Board Member	3.0	Director	$0	$0	$0
Francia Browne	Board Member	3.0	Director	$0	$0	$0
Iris Simmons	Board Member	3.0	Director	$0	$0	$0
Joe Waldroup	Board Member	3.0	Director	$0	$0	$0
Karen Hill	Board Member	3.0	Director	$0	$0	$0
Kimberly Kranzlein	Board Member	3.0	Director	$0	$0	$0
Kimberly Roberts	Board Member	3.0	Director	$0	$0	$0
Marty Hughes	Board Member	3.0	Director	$0	$0	$0
Matt Hoyman	Board Member	3.0	Director	$0	$0	$0
Michael Sullivan	Board Member	3.0	Director	$0	$0	$0
Peta Parkinson	Board Member	3.0	Director	$0	$0	$0
Sandra Williams	Board Member	3.0	Director	$0	$0	$0
Shane Evans	Board Member	3.0	Director	$0	$0	$0
Terri Seese	Board Member	3.0	Director	$0	$0	$0
Tim Gordon	Board Member	3.0	Director	$0	$0	$0
Tra Moore	Board Member	3.0	Director	$0	$0	$0
Sonya Grant	President/CEO	40.0	Officer	$161,809	$17,995	$179,804

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	$6,805,663	$7,094,175	$2,427,603	$-288,512
2024	$4,972,329	$5,015,241	$4,527,228	$-42,912
2023	$4,769,914	$4,706,842	$1,070,209	$63,072
2022	$5,229,841	$5,118,560	$1,356,987	$111,281
2021	$6,034,938	$6,098,331	$1,042,645	$-63,393
2020	$5,114,498	$5,151,971	$895,289	$-37,473
2019	$4,924,802	$4,908,592	$1,088,399	$16,210
2018	$4,170,743	$4,137,802	$626,897	$32,941

Cobbworks Inc