WOVENLIFE INC (EIN 730580276) - 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

1925

Legal Domicile

Principal Officer

KEITH MCCOMBS

Phone

4052392525

Tax Period

2023-09-01 to 2024-08-31

WOVENLIFE INC, founded in 1925, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

EMPOWERING PEOPLE OF ALL AGES AND ABILITIES TO FIND HOPE AND INDEPENDENCE THROUGH COMPASSIONATE CARE, EDUCATION, AND SUPPORT. WE ACHIEVE THIS BY PROMOTING INCLUSIVITY THROUGH DIVERSE CLASSROOM AND DAY CENTER ENVIRONMENTS, SPECIALIZED EDUCATION AND THERAPIES FOR CHILDREN, AND ENCOURAGING INDEPENDENCE FOR ADULTS ANS SENIORS WITH PHYSICAL AND COGNITIVE ACTIVITIES. WOVENLIFE'S PROGRAMING IS INCLUSIVE TO PEOPLE LIVING WITH OR WITHOUT DISABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,188,984

Program Service Revenue $277,097

Investment Income $121,889

Other Revenue $61,416

TOTAL REVENUE $1,649,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,286,367

Fundraising Expenses $56,048

Program Expenses $1,612,214

Other Expenses $806,633

TOTAL EXPENSES $2,093,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,649,386	$2,078,414	-0.2%
Expenses	$2,093,000	$2,060,942	+0.0%
Net Income	$-443,614	$17,472	-26.4%

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

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

$75,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLTON ZAJAC	CHAIRMAN	2.00	Officer Director	$0	$0	$0
EDWARD POPE	CHAIRMAN-ELECT	1.00	Officer Director	$0	$0	$0
LISA A WHITE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF BEAGLE	SECRETARY	0.50	Officer Director	$0	$0	$0
SCOTT MAULE	GOVERNANCE	0.50	Director	$0	$0	$0
THERESA COOPER	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
CHRIS HOBBS	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
JENNIFER ROBINSON	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
LAURA MCCONNELL-CORBYN	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
TAMARA STEELE	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
JULIE STERR	DIRECTOR-AT-LARGE	0.50	Director	$0	$0	$0
KEITH MCCOMBS	PRESIDENT/CEO	40.00	Officer	$75,041	$0	$75,041

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	$1,649,386	$2,093,000	$4,323,085	$-443,614
2023	$2,078,414	$2,060,942	$4,516,437	$17,472
2022	$2,091,861	$1,934,484	$4,193,636	$157,377
2021	$1,881,294	$1,888,896	$4,308,085	$-7,602
2020	$1,763,226	$1,597,887	$3,930,165	$165,339
2019	$1,495,274	$1,394,143	$3,565,594	$101,131
2018	$1,658,947	$1,467,653	$3,595,755	$191,294

WOVENLIFE INC