Innovate Work Lab Inc dba WorkIt Labs Innovate Work Labs (EIN 853309465) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

5104971557

Tax Period

2023-01-01 to 2023-12-31

Innovate Work Lab Inc dba WorkIt Labs Innovate Work Labs, founded in 2020, is a small nonprofit in the Employment sector that reported $429K in total revenue in fiscal year 2023. The organization ran a surplus of $240K, a strong 56% operating margin.

Mission

Innovate Work Lab, Inc builds technology to seamlessly connect people to information about their rights at work and connects organizations to people ready to advocate for change in their workplace.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $102,500

Program Service Revenue $326,790

Investment Income $33

Other Revenue $0

TOTAL REVENUE $429,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,406

Program Expenses $150,524

Other Expenses $189,007

TOTAL EXPENSES $189,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,323	N/A	N/A
Expenses	$189,007	N/A	N/A
Net Income	$240,316	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$220,799

Total Directors

$220,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Huang	CEO/Secretary	40.00	Officer Director	$167,809	$52,990	$220,799
Andrea Dehlendorf	Board Chair	5.00	Officer Director	$0	$0	$0
Leslie Payne	Treasurer	5.00	Officer Director	$0	$0	$0
Tracy Williams	Board Member	5.00	Director	$0	$0	$0
Kay Fernandez Smith	Board Member	5.00	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	$429,323	$189,007	$340,625	$240,316

Innovate Work Lab Inc dba WorkIt Labs Innovate Work Labs