AsylumWorks

EIN: 813205931 501(c)(3) International Affairs

Washington, DC

Total Revenue
$2,556,354
Total Expenses
$2,293,650
Total Assets
$774,701
Net Assets
$508,634
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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
DC
Principal Officer
Joan Hodges-Wu
Tax Period
2023-10-01 to 2024-09-30

AsylumWorks, founded in 2016, is a community nonprofit in the International Affairs sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 10% surplus.

Mission

AsylumWorks provides tailored services to educate, equip, and empower newcomers seeking safety to overcome health, legal, and employment barriers.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,083,225
Program Service Revenue $461,389
Investment Income $11,740
Other Revenue $0
TOTAL REVENUE $2,556,354

Expense Breakdown

Grants Paid $484,357
Salaries & Benefits $1,249,321
Fundraising Expenses $76,878
Program Expenses $1,642,114
Other Expenses $559,972
TOTAL EXPENSES $2,293,650

Year-over-Year Comparison

2023 2022 Change
Revenue $2,556,354 $1,581,920 +0.6%
Expenses $2,293,650 $1,560,432 +0.5%
Net Income $262,704 $21,488 +11.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
27
Volunteers
10

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
5
$125,081
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joan Hodges-Wu Executive Director 60.00
Officer
$125,081 $0 $125,081
Rich Koffman Member 1.00
Director
$0 $0 $0
Tiffany Lung Member 1.00
Director
$0 $0 $0
Hassan Ahmad Member 1.00
Director
$0 $0 $0
Pascal Masuba Member 1.00
Director
$0 $0 $0
Susan Hutner Member 1.00
Director
$0 $0 $0
Rob Fifer Member 1.00
Director
$0 $0 $0
Tracey DAngelo Member 1.00
Director
$0 $0 $0
Ken Scott Member 1.00
Director
$0 $0 $0
Ty Cobb Member 1.00
Director
$0 $0 $0
Sally Miller Member 1.00
Director
$0 $0 $0
Tameem Al-Talabani Member 1.00
Director
$0 $0 $0
Steve Cox Vice Chair 2.00
Officer Director
$0 $0 $0
Cindy Hallberlin Chair 5.00
Officer Director
$0 $0 $0
Tim Aluise Treasurer 5.00
Officer Director
$0 $0 $0
Liana Montecinos Secretary 1.00
Officer 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 $2,556,354 $2,293,650 $774,701 $262,704
2023 $1,581,920 $1,560,432 $587,730 $21,488
2022 $1,188,736 $1,067,233 $293,717 $121,503
2021 $861,559 $811,577 $225,098 $49,982
2020 $552,181 $570,601 $171,321 $-18,420
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