REWORK TRAINING (EIN 812873425) - 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

2017

Legal Domicile

Principal Officer

HARRISON HORAN

Tax Period

2024-01-01 to 2024-12-31

REWORK TRAINING, founded in 2017, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

RE:WORK MISSION IS TO PROMOTE ECONOMIC EQUITY THROUGH A NON-TRADITIONAL EDUCATION PATH. WE PROVIDE THE TRAINING, PLACEMENT, AND SUPPORT TO CREATE LUCRATIVE CAREERS FOR MINORITIES FROM UNDERSERVED COMMUNITIES.

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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 $1,655,892

Program Service Revenue $0

Investment Income $657

Other Revenue $0

TOTAL REVENUE $1,656,549

Expense Breakdown

Grants Paid $194

Salaries & Benefits $799,864

Fundraising Expenses $0

Program Expenses $936,732

Other Expenses $855,745

TOTAL EXPENSES $1,655,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,656,549	$1,323,163	+0.3%
Expenses	$1,655,803	$1,342,117	+0.2%
Net Income	$746	$-18,954	-1.0%

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

325

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

$185,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELTON BANKS	CEO	45.00	Officer	$185,682	$0	$185,682
RYAN BARRETTO	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN CLARK	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DREW	TREASURER	2.00	Officer Director	$0	$0	$0
HARRISON HORAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
RENEE KAPLAN	DIRECTOR	2.00	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	$1,656,549	$1,655,803	$39,299	$746
2024	No data	No data	No data	No data
2024	$1,656,549	$1,655,803	$39,299	$746
2023	$1,323,163	$1,342,117	$70,850	$-18,954
2022	$1,350,052	$1,309,952	$94,649	$40,100
2021	$988,727	$1,017,872	$50,478	$-29,145
2020	$644,201	$772,476	$83,195	$-128,275
2019	$546,998	$560,462	$204,838	$-13,464

REWORK TRAINING