GLOBAL WORKSPACE ASSOCIATION INC

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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

1994

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GLOBAL WORKSPACE ASSOCIATION INC, founded in 1994, is a small nonprofit that reported $431K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $542K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ASSOCIATION WAS FORMED TO BE A WORLD WIDE RESOURCE FOR EDUCATION, TRAINING AND KNOWLEDGE WITHIN THE OFFICE BUSINESS CENTER INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $542,258 Revenue: $430,984

1. Produce annual industry conference2. Produce weekly industry newsletter3. Maintain blog providing industry trend content4. Provide education opportunities, i.e., the "Coworking Council" series5...

1. Produce annual industry conference2. Produce weekly industry newsletter3. Maintain blog providing industry trend content4. Provide education opportunities, i.e., the "Coworking Council" series5. Year 2023 GWA added an additional event series call Immersive for smaller, more regional groups

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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 $0

Program Service Revenue $430,984

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,055

Fundraising Expenses $0

Program Expenses $542,258

Other Expenses $424,203

TOTAL EXPENSES $542,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,984	$484,605	-0.1%
Expenses	$542,258	$536,136	+0.0%
Net Income	$-111,274	$-51,531	+1.2%

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

N/A

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

$105,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MEGAN BROWN	Executive Dir.	Officer	$105,555	$0	$105,555
MIRO MIROSLAVOV	Director	Director	$0	$0	$0
CID RHOMBERG	President	Director	$0	$0	$0
ANNIE DRAPER	Director	Director	$0	$0	$0
GIOVANNI PALAVICINI	President	Officer Director	$0	$0	$0
JAVIER GARCIA	Director	Director	$0	$0	$0
MICHAEL PENARANDA	Treasurer	Officer Director	$0	$0	$0
MIKE KRIEL	Director	Director	$0	$0	$0
RICHIE PARSONS	Director	Director	$0	$0	$0
MATT GOING	Secretary	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
2023	$430,984	$542,258	$103,310	$-111,274
2022	$484,605	$536,136	$220,928	$-51,531
2021	$203,992	$224,076	$260,314	$-20,084
2020	$296,585	$324,799	$268,637	$-28,214
2019	$604,616	$585,451	$304,996	$19,165
2018	$447,010	$366,471	$283,422	$80,539