WORKWELL INDUSTRIES INC (EIN 610956156) - 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

1980

Legal Domicile

Principal Officer

KENYA FREEMAN

Phone

5027727383

Tax Period

2024-06-01 to 2025-05-31

WORKWELL INDUSTRIES INC, founded in 1980, is a community nonprofit in the Employment sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $905K, a strong 21% operating margin.

Mission

THE ORGANIZATION PROVIDES EMPLOYMENT OPPORTUNITIES AND TRAINING FOR MENTALLY AND PHYSICALLY CHALLENGED PERSONS.

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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 $270,723

Program Service Revenue $3,244,901

Investment Income $33,304

Other Revenue $749,547

TOTAL REVENUE $4,298,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,259,099

Fundraising Expenses $25,939

Program Expenses $2,736,203

Other Expenses $1,134,395

TOTAL EXPENSES $3,393,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,298,475	$3,750,544	+0.1%
Expenses	$3,393,494	$3,049,639	+0.1%
Net Income	$904,981	$700,905	+0.3%

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

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

$210,827

Total Directors

$210,827

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENYA FREEMAN	PRESIDENT/CEO	40.00	Officer Director	$191,104	$19,723	$210,827
MIKE TAYLOR	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS WOBBE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW TAKAMI	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNON ALEXANCER	DIRECTOR	1.00	Director	$0	$0	$0
NELSON AUGE	DIRECTOR	1.00	Director	$0	$0	$0
TODD RUSH	MEMBER	1.00	Officer Director	$0	$0	$0
CRAIG SCHERMAN	AD HOC MEMBER	1.00	Director	$0	$0	$0
CINDY SPRINGER	AD HOC MEMBER	1.00	Director	$0	$0	$0
PHIL BERRY	DIRECTOR	1.00	Director	$0	$0	$0
LARRY COOMES	VICE CHAIR	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	$4,298,475	$3,393,494	$4,596,062	$904,981
2024	$3,750,544	$3,049,639	$3,873,277	$700,905
2023	$3,721,984	$3,534,460	$3,246,243	$187,524
2022	$4,309,414	$3,201,486	$3,015,250	$1,107,928
2021	$3,677,023	$3,566,003	$2,817,428	$111,020
2020	$3,821,788	$3,841,124	$2,696,174	$-19,336
2019	$4,137,190	$4,467,858	$2,319,274	$-330,668
2018	$4,324,123	$4,079,950	$2,686,256	$244,173

WORKWELL INDUSTRIES INC