Ready to Work Aurora (EIN 823582806) - 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

Phone

3034428300

Tax Period

2023-01-01 to 2023-12-31

Ready to Work Aurora, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 37% operating deficit.

Mission

Ready to Work Aurora believes in, respects, and empowers people who are experiencing homelessness. We connect them to housing and employment opportunities so they can realize and embrace their future.

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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 $615,788

Program Service Revenue $899,175

Investment Income $10,516

Other Revenue $32,485

TOTAL REVENUE $1,557,964

Expense Breakdown

Grants Paid $91,582

Salaries & Benefits $1,608,991

Fundraising Expenses $97,702

Program Expenses $1,879,074

Other Expenses $433,689

TOTAL EXPENSES $2,134,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,557,964	$2,192,507	-0.3%
Expenses	$2,134,262	$2,017,286	+0.1%
Net Income	$-576,298	$175,221	-4.3%

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

145

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

$139,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	1.0	Officer Director	$0	$0	$0
N/A	Chair/President	1.0	Officer Director	$0	$0	$0
N/A	President (Part Year)	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	CEO	1.0	Officer	$0	$5,529	$139,147

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	$1,557,964	$2,134,262	$5,335,348	$-576,298
2022	$2,192,507	$2,017,286	$7,059,917	$175,221
2021	$1,701,663	$1,866,521	$5,077,262	$-164,858
2020	$2,323,523	$1,918,839	$5,214,937	$404,684
2019	$1,739,411	$1,806,108	$4,801,257	$-66,697
2018	$662,075	$220,033	$5,227,860	$442,042

Ready to Work Aurora