KLAMATH WORKS INC (EIN 811337449) - 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

2016

Legal Domicile

Principal Officer

MARK WENDT

Phone

5418878495

Tax Period

2024-01-01 to 2024-12-31

KLAMATH WORKS INC, founded in 2016, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 9% surplus.

Mission

SERVING THE GEOGRAPHIC AREA GENERALLY DESCRIBED AS KLAMATH COUNTY TO ENCOURAGE A TOTAL COMMUNITY COMMITMENT TO PROVIDE THE NEEDY WITH THE MOST DIRECT ROUTE FROM DEPENDENCY TO DIGNITY AND SELF-SUFFICIENCY THROUGH THE PROCESS OF EFFORT AND REWARD, AND TO SERVE AS A CONVENER TO ENCOURAGE GOVERNMENT, NON-PROFIT AND FAITH-BASED SERVICE PROVIDERS TO COLLABORATE SO THAT CLIENTS WILL BECOME INDEPENDENT, CONTRIBUTING MEMBERS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,434,469

Program Service Revenue $264,986

Investment Income $21

Other Revenue $6,411

TOTAL REVENUE $2,705,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,855,649

Fundraising Expenses $136,778

Program Expenses $1,997,541

Other Expenses $602,170

TOTAL EXPENSES $2,457,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,705,887	$2,690,190	+0.0%
Expenses	$2,457,819	$2,915,763	-0.2%
Net Income	$248,068	$-225,573	-2.1%

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

437

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WENDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN CAVANAUGH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEIDI BIGGS	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY SHAW	TREASURER	1.00	Officer Director	$0	$0	$0
ALLAN EBERLEIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HARPER	DIRECTOR	1.00	Director	$0	$0	$0
TED ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOY MCINNIS	EXECUTIVE DIRECTOR	40.00	Officer	$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	$2,705,887	$2,457,819	$1,401,603	$248,068
2023	$2,690,190	$2,915,763	$680,460	$-225,573
2022	$1,407,836	$1,020,103	$906,071	$387,733
2021	$927,297	$808,133	$444,074	$119,164
2021	$1,065,422	$808,548	$581,784	$256,874
2020	$611,741	$624,013	$245,924	$-12,272
2019	$608,240	$615,592	$250,865	$-7,352
2018	$616,997	$601,914	$258,767	$15,083

KLAMATH WORKS INC