WORKING CLASSROOM INC (EIN 850280287) - 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

1978

Legal Domicile

Phone

5053012359

Tax Period

2023-01-01 to 2023-12-31

WORKING CLASSROOM INC, founded in 1978, is a small nonprofit that reported $494K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $554K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide instruction to at risk students from historically ignored communities in theater and visual arts while providing academic support to help keep them in school and encourage them to continue in higher education.

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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 $391,538

Program Service Revenue $102,939

Investment Income $0

Other Revenue $0

TOTAL REVENUE $494,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,978

Fundraising Expenses $96

Program Expenses $487,177

Other Expenses $316,526

TOTAL EXPENSES $553,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,477	$457,353	+0.1%
Expenses	$553,504	$455,948	+0.2%
Net Income	$-59,027	$1,405	-43.0%

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

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

$61,358

Key Employees

$142,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Madalena Salazar	Executive Director	40.00	Key Emp Highest	$81,563	$0	$81,563
Emma Jones	CoBoard President	1.00	Officer Director	$0	$0	$0
Bernadine Hernandez Ph D	CoBoard President	1.00	Officer Director	$0	$0	$0
Lorenzo Jim	Board Treasurer	1.00	Officer Director	$0	$0	$0
Analy Morales	Board Secretary	1.00	Officer Director	$0	$0	$0
Mercedes Avila	Board Member Educator	1.00	Director	$0	$0	$0
Manuel Hernandez	Board Member Staff Representative	40.00	Director Key Emp	$61,358	$0	$61,358
Thara Lechuga	Board Member Retired Educator	1.00	Director	$0	$0	$0
Genesis Bianca Mullins	Board Member Student Alumni	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	No data	No data	No data	No data
2023	$494,477	$553,504	$687,868	$-59,027
2022	$457,353	$455,948	$709,149	$1,405
2021	$278,358	$248,178	$712,903	$30,180
2020	$194,645	$208,403	$687,858	$-13,758

WORKING CLASSROOM INC