The Workers Lab (EIN 824788124) - 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

Adrian Haro

Phone

5622578165

Tax Period

2023-01-01 to 2023-12-31

The Workers Lab, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 14% surplus.

Mission

The Workers Lab is a nonprofit investor that gives new ideas for and with workers a chance to succeed

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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 $3,594,450

Program Service Revenue $0

Investment Income $0

Other Revenue $179,142

TOTAL REVENUE $3,773,592

Expense Breakdown

Grants Paid $134,750

Salaries & Benefits $1,165,181

Fundraising Expenses $344,132

Program Expenses $2,021,588

Other Expenses $1,954,762

TOTAL EXPENSES $3,254,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,773,592	$3,488,027	+0.1%
Expenses	$3,254,693	$3,228,020	+0.0%
Net Income	$518,899	$260,007	+1.0%

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

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

$340,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adrian Haro	CEO	040.00	Officer	$197,069	$6,105	$203,174
Eduardo Morales	VP of Strategy	040.00	Highest	$154,458	$6,105	$160,563
Jeshua John	Director of Programs	040.00	Highest	$141,273	$6,105	$147,378
Antonella Vassallo	Chief of Staff	040.00	Highest	$134,393	$6,105	$140,498
Thomas Lawler	Director of Development	040.00	Highest	$133,512	$4,574	$138,086
Joseph Allan Baclig	Director of Finance Operations	040.00	Officer	$130,995	$6,105	$137,100
Sean Daniel Murphy	Former Board Member	008.00		$80,000	$0	$80,000
Luz Vega-Marquis	Board Member	000.10	Director	$0	$0	$0
Erica Smiley	Board Member	000.01	Director	$0	$0	$0
Margot Brandenburg	Board Member	000.09	Director	$0	$0	$0
Keesha Gaskins-Nathan	Chair	000.13	Officer Director	$0	$0	$0
Ian Fuller	Treasurer	000.17	Officer 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	No data	No data	No data	No data
2023	$3,773,592	$3,254,693	$929,657	$518,899
2022	$3,488,027	$3,228,020	$1,282,663	$260,007
2021	$2,824,840	$6,558,463	$1,661,834	$-3,733,623
2020	$7,566,044	$6,792,711	$4,729,406	$773,333

The Workers Lab