INSPIRATIONAL WORKSHOPS (EIN 824494610) - 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

2018

Legal Domicile

Principal Officer

THERESA CARTER-VINCENT

Phone

2062516095

Tax Period

2024-01-01 to 2024-12-31

INSPIRATIONAL WORKSHOPS, founded in 2018, is a small nonprofit in the Education sector that reported $426K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $518K exceeded revenue, resulting in a 22% operating deficit.

Mission

WE COLLABORATE WITH YOUTH OF COLOR IN THEIR LEARNING AND DEVELOPMENT JOURNEYPROVIDING EXPERIENCES AND RESOURCES FOR CRITICAL THINKING, EXPLORING VOICE, DEEPENING BRILLIANCE, AND CONTRIBUTING TO THE HEALTH AND RENEWAL OF THEIR ENVIRONMENTS, COMMUNITIES, AND RESHAPING SYSTEMS.

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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 $414,969

Program Service Revenue $11,000

Investment Income $71

Other Revenue $152

TOTAL REVENUE $426,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,313

Fundraising Expenses $800

Program Expenses $501,322

Other Expenses $200,883

TOTAL EXPENSES $518,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,192	$296,025	+0.4%
Expenses	$518,196	$287,951	+0.8%
Net Income	$-92,004	$8,074	-12.4%

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

N/A

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

$112,660

Total Directors

$112,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELVIN PARKER	PRESIDENT	3.00	Officer Director	$0	$0	$0
LABRIA ALLEN	BOARD MEMBER	3.00	Director	$0	$0	$0
THERESA CARTER-VINCENT	FOUNDER & CEO	40.00	Officer Director	$112,660	$0	$112,660
KEVIN BAKER	BOARD MEMBER	3.00	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	$426,192	$518,196	$54,055	$-92,004
2023	$296,025	$287,951	$83,370	$8,074
2022	$412,291	$345,383	$75,296	$66,908
2021	$502,355	$488,016	$169,324	$14,339
2020	$339,721	$352,056	$178,097	$-12,335
2019	$271,429	$263,739	$38,780	$7,690

INSPIRATIONAL WORKSHOPS