WORKWELL INDUSTRIES INC

EIN: 610956156 501(c)(3) Employment

LOUISVILLE, KY

Total Revenue
$4,298,475
Total Expenses
$3,393,494
Total Assets
$4,596,062
Net Assets
$3,456,310
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
KY
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

TO CREATE JOBS FOR INDIVIDUALS WITH DISABILITIES, HOMELESS INDIVIDUALS, REFUGEES, AND ECONOMICALLY CHALLENGED INDIVIDUALS IN AN INTEGRATED INDUSTRIALIZED ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $2,736,203 Revenue: $3,998,558

WORKWELL INDUSTRIES STRIVES TO TRAIN ALL EMPLOYEES ON A REGULAR BASIS. IT IS NOT UNCOMMON THAT A PERSON WORKS ON SEVERAL DIFFERENT JOBS DURING A SHIFT. WORKWELL INDUSTRIES HAS APPROXIMATELY 8...

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WORKWELL INDUSTRIES STRIVES TO TRAIN ALL EMPLOYEES ON A REGULAR BASIS. IT IS NOT UNCOMMON THAT A PERSON WORKS ON SEVERAL DIFFERENT JOBS DURING A SHIFT. WORKWELL INDUSTRIES HAS APPROXIMATELY 8 PERMANENT EMPLOYEES. APPROXIMATELY 281 INDIVIDUALS WHO ARE MISSION RELATED ARE SERVED. THE MAJORITY OF EXPENSES FOR THESE PROGRAMS ARE PAYROLL RELATED. WORKWELL INDUSTRIES HAS A DEPARTMENT OF LABOR CERTIFICATION THAT ENABLES PAYMENT TO CERTAIN INDIVIDUALS BELOW MINIMUM WAGE. SEVERAL INDIVIDUALS QUALIFY FOR THIS PROGRAM. THE REMAINDER OF THE INDIVIDUALS ARE PAID AT MINMUM WAGE OR ABOVE.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
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
5
$210,827
Total Directors
11
$210,827
Key Employees
0
$0
Highest Compensated
0
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
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