WORKSPACE EDUCATION INCORPORATED (EIN 814491447) - 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

CATHERINE FRAISE

Phone

2035051743

Tax Period

2020-08-01 to 2021-07-31

WORKSPACE EDUCATION INCORPORATED, founded in 2016, is a small nonprofit that reported $346K in total revenue in fiscal year 2020. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $981K exceeded revenue, resulting in a 184% operating deficit.

Mission

WORKSPACE EDUCATION INCORPORATED IS A VIBRANT LEARNING COMMUNITY, LED BY PARENTS, THAT PROVIDES ITS MEMBER FAMILIES WITH PROGRAMMING AND OTHER RESOURCES TO FACILITATE HOMESCHOOLING OPPORTUNITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $311,300

Program Service Revenue $34,374

Investment Income $62

Other Revenue $0

TOTAL REVENUE $345,736

Expense Breakdown

Grants Paid $463,005

Salaries & Benefits $262,775

Fundraising Expenses $0

Program Expenses $816,688

Other Expenses $255,173

TOTAL EXPENSES $980,953

Year-over-Year Comparison

	2020	2019	Change
Revenue	$345,736	$1,265,279	-0.7%
Expenses	$980,953	$1,172,299	-0.2%
Net Income	$-635,217	$92,980	-7.8%

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

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
CATHERINE FRAISE	PRESIDENT	40.00	Officer Director	$0	$0	$0
GEORGE FRAISE	TREASURER	5.00	Officer Director	$0	$0	$0
CAROLYN VALDIVIESO	SECRETARY	1.00	Officer Director	$0	$0	$0
BOBBI JO BEERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE LIPP	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE MACKENZIE	BOARD MEMBER	1.00	Director	$0	$0	$0
AURELIO MURACA	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC WOLFF	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE JONES	BOARD MEMBER	1.00	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
2021	$345,736	$980,953	No data	$-635,217
2020	$1,265,279	$1,172,299	$756,633	$92,980
2019	$1,547,621	$1,039,457	$755,331	$508,164
2018	$488,293	$438,347	$44,997	$49,946

WORKSPACE EDUCATION INCORPORATED