MY BROTHERS WORKSHOP INC

EIN: 660718884 501(c)(3) Education

ST THOMAS, VI

Total Revenue
$2,962,476
Total Expenses
$1,959,821
Total Assets
$8,266,955
Net Assets
$7,532,703
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VI
Principal Officer
TY TROUTMAN
Phone
3407152765
Tax Period
2023-01-01 to 2023-12-31

MY BROTHERS WORKSHOP INC, founded in 2011, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 34% operating margin.

Mission

Organization's primary purpose is mentoring, counseling, job-training primarily in construction,trade skills and food industry, education and job placement for youth, primarily ages 16 to 24, who have dropped out of school, are marginally literate and who live in poverty.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,445,527
Program Service Revenue $500,988
Investment Income $15,961
Other Revenue $0
TOTAL REVENUE $2,962,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,168,032
Fundraising Expenses $92,903
Program Expenses $1,688,591
Other Expenses $791,789
TOTAL EXPENSES $1,959,821

Year-over-Year Comparison

2023 2022 Change
Revenue $2,962,476 $5,695,470 -0.5%
Expenses $1,959,821 $1,747,502 +0.1%
Net Income $1,002,655 $3,947,968 -0.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
58
Volunteers
40

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNY HAWKES EXECUTIVE DIRECTOR 40.00
$96,845 $0 $96,845
ALLISON O'BOYLE Director 0.40
Director
$0 $0 $0
KIRK CALLWOOD Treasurer 0.40
Officer Director
$0 $0 $0
CHRIS FINCH Director 0.40
Director
$0 $0 $0
DOUGLAS BRADY Director 0.40
Director
$0 $0 $0
CLIFFORD GRAHAM Director 0.40
Director
$0 $0 $0
JEFF NEEVEL Director 0.40
Director
$0 $0 $0
ANNE HEMMERT Secretary 0.40
Officer Director
$0 $0 $0
TY TROUTMAN President & CEO 0.40
Officer Director
$0 $0 $0
TIIA FRAEBEL Vice President 0.40
Officer 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 No data No data No data No data
2023 $2,962,476 $1,959,821 $8,266,955 $1,002,655
2022 $5,695,470 $1,747,502 $7,289,450 $3,947,968
2021 $3,290,151 $1,557,033 $3,356,428 $1,733,118
2020 $1,767,157 $1,741,457 $1,078,570 $25,700
2019 $1,718,997 $1,868,347 $842,415 $-149,350
2018 $2,369,044 $2,052,295 $993,834 $316,749
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