PASSION WORKS (EIN 822288880) - 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

CONNIE PATTERSON

Phone

7405923673

Tax Period

2023-01-01 to 2023-12-31

PASSION WORKS, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $682K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $656K left a modest 4% surplus.

Mission

A collaborative community art center encouraging people of all abilities to work and thrive within partnership celebrating the power of creativity, connection and purpose.

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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 $319,326

Program Service Revenue $85,326

Investment Income $6,542

Other Revenue $270,470

TOTAL REVENUE $681,664

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $478,530

Fundraising Expenses $36,093

Program Expenses $529,508

Other Expenses $173,015

TOTAL EXPENSES $655,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$681,664	$610,171	+0.1%
Expenses	$655,545	$635,472	+0.0%
Net Income	$26,119	$-25,301	-2.0%

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

1526

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

$93,388

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT THOMSOM	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAN MCGARRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL SCHNEIDER	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN HARTER	PAST PRESIDENT	1.00	Director	$0	$0	$0
SAUMYA PANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW PUSCHEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY MITCHELL	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$55,013	$0	$55,013
SHIRLEY ANDERSON	CFO	35.00	Key Emp	$38,375	$0	$38,375

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	No data	No data	No data	No data
2023	$681,664	$655,545	$266,273	$26,119
2022	$610,171	$635,472	$229,623	$-25,301
2021	$633,062	$507,692	$255,327	$125,370
2020	$425,922	$378,708	$164,197	$47,214
2019	$292,875	$241,216	$127,239	$51,659
2019	$292,875	$241,216	$127,239	$51,659
2018	$184,626	$170,740	$26,435	$13,886

PASSION WORKS