WORKFORCE OPPORTUNITY RESOURCE CENTER WORC2 LAB INC

EIN: 852765705 501(c)(3) Community Improvement

RANDOLPH, MA

Total Revenue
$201,888
Total Expenses
$156,037
Total Assets
$46,364
Net Assets
$46,364
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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
2020
Principal Officer
JOSEF RETTMAN
Phone
7818853726
Tax Period
2025-01-01 to 2025-12-31

WORKFORCE OPPORTUNITY RESOURCE CENTER WORC2 LAB INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 23% operating margin.

Mission

TO ENGAGE A LOCAL, COMMINUTY BASED, AND DIVERSE BUSINESSES AND WORKFORCE ON ALL PROJECTS THROUGHOUT THE BOSTON NEIGHBORHOODS. THROUGH ESTABLISHED CONSTRUCTION INDUSTRY AND COMMUNITY NETWORKS WE WORK TO ENSURE THIS BENEFITS WORKERS AND CONTRACTORS BOTH LARGE AND SMALL. OUR PARTICULAR FOCUS IS PROVIDING WORKERS AND SMALL BUSINESSES WITH "ONE STOP SHOPPING" FOR THE RESOURCES AND TECHNICAL SUPPORT PROMOTING GROWTH AND SUCCESS IN EITHER THEIR CAREER OR BUSINESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $201,888
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,309
Other Expenses $156,037
TOTAL EXPENSES $156,037

Year-over-Year Comparison

2025 2024 Change
Revenue $201,888 $149,367 +0.4%
Expenses $156,037 $156,220 0.0%
Net Income $45,851 $-6,853 -7.7%
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
6
Independent Members
6
Employees
N/A
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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDRE' BARBOUR DIRECTOR N/A
Director
$0 $0 $0
ARNOLD JOHNSON DIRECTOR N/A
Director
$0 $0 $0
ANDREA LAING DIRECTOR N/A
Officer Director
$0 $0 $0
LESLIE REID DIRECTOR N/A
Director
$0 $0 $0
TRAVIS WATSON DIRECTOR N/A
Director
$0 $0 $0
SHELLEY WEBSTER DIRECTOR N/A
Director
$0 $0 $0
DONALD WRIGHT DIRECTOR N/A
Officer Director
$0 $0 $0
JOSEF RETTMAN PRESIDENT N/A
Officer
$0 $0 $0
JOSEF RETTMAN TREASURER N/A
Officer
$0 $0 $0
JOSEF RETTMAN CLERK N/A
Officer
$0 $0 $0
JOSEF RETTMAN DIRECTOR N/A
Officer
$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
2025 $201,888 $156,037 $46,364 $45,851
2024 No data No data No data No data
2023 $129,943 $131,078 $7,366 $-1,135
2022 $80,834 $73,046 $8,501 $7,788
2021 $2,591 $1,978 $713 $613
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