GOOD WORK NETWORK (EIN 721499442) - 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

Principal Officer

DAPHNE MCBETH

Phone

5043092073

Tax Period

2021-01-01 to 2021-12-31

GOOD WORK NETWORK, founded in 2001, is a small nonprofit that reported $572K in total revenue in fiscal year 2021. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $817K exceeded revenue, resulting in a 43% operating deficit.

Mission

SMALL BUSINESS DEVELOPMENT

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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 (2021)

Revenue Breakdown

Contributions & Grants $536,455

Program Service Revenue $2,684

Investment Income $426

Other Revenue $32,148

TOTAL REVENUE $571,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,729

Fundraising Expenses $3,375

Program Expenses $323,112

Other Expenses $432,479

TOTAL EXPENSES $817,208

Year-over-Year Comparison

	2021	2020	Change
Revenue	$571,713	$961,712	-0.4%
Expenses	$817,208	$797,338	+0.0%
Net Income	$-245,495	$164,374	-2.5%

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

$153,965

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YOLANDA BRUMFIELD	TREASURER	2.00	Officer Director	$0	$0	$0
JIM SCHOEN	MEMBER	2.00	Director	$0	$0	$0
SHERRI CHARLESTON	MEMBER	2.00	Director	$0	$0	$0
DAPHNE MCBETH	CHAIR	2.00	Officer Director	$0	$0	$0
PAMELA JOLLY	MEMBER	2.00	Director	$0	$0	$0
VICTORIA ADAMS-PHIPPS	MEMBER	2.00	Director	$0	$0	$0
ERIC MORGAN	MEMBER	2.00	Director	$0	$0	$0
ALESHA WASHINGTON	MEMBER	2.00	Director	$0	$0	$0
LYDIA CUTRER	SECRETARY	2.00	Officer Director	$0	$0	$0
HERMIONE MALONE	EXECUTIVE DIRECTOR	40.00	Officer	$147,012	$6,953	$153,965

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
2021	$571,713	$817,208	$1,470,555	$-245,495
2020	$961,712	$797,338	$1,759,845	$164,374
2019	$640,615	$1,144,433	$1,632,625	$-503,818
2018	$947,889	$1,319,050	$2,534,493	$-371,161

GOOD WORK NETWORK