IWSI AMERICA INC

EIN: 832892633 501(c)(3) Youth Development

LAGUNA BEACH, CA

Total Revenue
$1,197,501
Total Expenses
$1,404,614
Total Assets
$511,453
Net Assets
$295,864
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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
DE
Principal Officer
NICHOLAS WYMAN
Phone
3235294652
Tax Period
2024-01-01 to 2024-12-31

IWSI AMERICA INC, founded in 2018, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

SUPPORTING WORKFORCE DEVELOPMENT THROUGH CONSULTING SERVICES AND PROGRAMS LIKE READY, WILLING & ABLE, PROVIDING TRAINING AND EMPLOYMENT OPPORTUNITIES TO INDIVIDUALS WITH DISABILITIES AND THOSE FACING BARRIERS TO EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $1,101,481 Revenue: $11,586

IWSI AMERICA SUPPORTS DEVELOPING AND ENHANCING EDUCATION, EMPLOYMENT, TRAINING, AND LEADERSHIP FOR THE BENEFIT OF YOUNG PEOPLE AND DISADVANTAGED GROUPS IN THE UNITED STATES AND AUSTRALIA. DURING...

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IWSI AMERICA SUPPORTS DEVELOPING AND ENHANCING EDUCATION, EMPLOYMENT, TRAINING, AND LEADERSHIP FOR THE BENEFIT OF YOUNG PEOPLE AND DISADVANTAGED GROUPS IN THE UNITED STATES AND AUSTRALIA. DURING 2024, WE DELIVERED PROGRAMS IN THE FOLLOWING AREAS: READY, WILLING & ABLE, APPRENTICESHIP AND EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES; CLEAN ENERGY WORKFORCE DEVELOPMENT, CONSULTING TO EXPAND APPRENTICESHIP PROGRAMS IN THE CLEAN ENERGY SECTOR; YOUTH APPRENTICESHIP, IWSI AMERICA, IN COOPERATION WITH THE URBAN INSTITUTE, IS SEEKING TO ADVANCE THE APPRENTICESHIP TALENT DEVELOPMENT MODEL ACROSS THE COUNTRY; CAREER LAUNCHPAD, THIS OFFERS PERSONALIZED JOB EXPLORATION COUNSELING, TAILORED WORKPLACE READINESS TRAINING AND PLACEMENT ASSISTANCE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,184,206
Program Service Revenue $11,586
Investment Income $0
Other Revenue $1,709
TOTAL REVENUE $1,197,501

Expense Breakdown

Grants Paid $66,527
Salaries & Benefits $824,594
Fundraising Expenses $7,177
Program Expenses $1,101,481
Other Expenses $513,493
TOTAL EXPENSES $1,404,614

Year-over-Year Comparison

2024 2023 Change
Revenue $1,197,501 $1,251,764 0.0%
Expenses $1,404,614 $1,064,834 +0.3%
Net Income $-207,113 $186,930 -2.1%
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

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Governance

Voting Members
4
Independent Members
3
Employees
10
Volunteers
4

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
2
$292,887
Total Directors
5
$292,887
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS WYMAN PRESIDENT & EXECUTIVE DIRECTOR 40.00
Officer Director
$286,387 $6,500 $292,887
FREDERICK MADDERN DIRECTOR 20.00
Director
$0 $0 $0
SHIRLEY NAGEL DIRECTOR 20.00
Director
$0 $0 $0
SOPHIE RAMSEY DIRECTOR 20.00
Director
$0 $0 $0
ANDREW SEZONOV VICE PRESIDENT (OUTGOING 2024) 20.00
Officer Director
$0 $0 $0
DEBORAH WILLIAMSON VICE PRESIDENT 40.00
Highest
$143,693 $0 $143,693
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 $1,197,501 $1,404,614 $511,453 $-207,113
2023 $1,251,764 $1,064,834 $506,941 $186,930
2022 $721,737 $779,465 $334,103 $-57,728
2021 $787,216 $644,299 $417,120 $142,917
2020 $715,065 $375,576 $719,739 $339,489
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