CAREERWORKS INC (EIN 822896556) - 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

KYLE HAYDEN

Phone

2063443476

Tax Period

2024-01-01 to 2024-12-31

CAREERWORKS INC, founded in 2017, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 45% operating margin.

Mission

CONNECT YOUNG ADULTS TO LASTING, STABLE CAREERS THROUGH FREE TRAINING, AND BUILDS SUPPORTING PARTNERSHIPS ADVANCING EQUITABLE ECONOMIC STABILITY.

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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 $2,696,897

Program Service Revenue $0

Investment Income $2,900

Other Revenue $952

TOTAL REVENUE $2,700,749

Expense Breakdown

Grants Paid $460,000

Salaries & Benefits $611,924

Fundraising Expenses $97,210

Program Expenses $990,849

Other Expenses $425,342

TOTAL EXPENSES $1,497,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,700,749	$1,569,052	+0.7%
Expenses	$1,497,266	$1,978,091	-0.2%
Net Income	$1,203,483	$-409,039	-3.9%

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

$181,022

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANKO FUKUDA	DIRECTOR OF PROGRAMS	40.00	Key Emp	$169,779	$11,243	$181,022
LATOYA EDMONDS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$137,579	$10,277	$147,856
DUNCAN TAYLOR	PRESIDENT	5.00	Officer Director	$0	$0	$0
KYLE HAYDEN	CFO	5.00	Officer Director	$0	$0	$0
LAURIE STEWART	CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN MANAGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAYTON DEHAAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA HEFTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
DON STAFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
LES BILLER	BOARD MEMBER (UNTIL 07/2024)	10.00	Director	$0	$0	$0
SHERI BILLER	BOARD MEMBER (UNTIL 07/2024)	10.00	Director	$0	$0	$0
HOWARD BEHAR	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
YVONNE BELL	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
SARAH LYDING	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
LINDSEY KOZBERG	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
PEDO MARTI	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
JOHN OHANESIAN	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
RICHARD POWELL	BOARD MEMBER (UNTIL 07/2024)	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
2024	$2,700,749	$1,497,266	$1,343,556	$1,203,483
2023	$1,569,052	$1,978,091	$147,864	$-409,039
2022	$2,302,834	$2,099,368	$628,664	$203,466
2021	$2,124,184	$1,910,570	$374,714	$213,614
2020	$875,417	$1,904,850	$200,359	$-1,029,433
2019	$1,472,056	$673,817	$1,304,009	$798,239
2018	$493,112	$12,230	$482,235	$480,882

CAREERWORKS INC