THE WORK FOUNDATION INC (EIN 870559189) - 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

1999

Legal Domicile

Principal Officer

STEVEN K RIDGEWAY CPA

Phone

8055355789

Tax Period

2023-01-01 to 2023-12-31

THE WORK FOUNDATION INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $147K, a strong 65% operating margin.

Mission

TO ESTABLISH, OPERATE, AND CONTINUE AN ORGANIZATION THAT WILL FREELY UTILIZE ITS RESOURCES TO ADVANCE AND FACILITATE CREATIVE EXPRESSION, RESEARCH, HEALING ARTS, EDUCATION, NURTURING,AND REHABILITATIVE SUPPORT TO ALL PERSONS WHO HAVE A DESIRE TO BETTER UNDERSTAND AND IMPROVE THEIR LIVES.

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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 $225,595

Program Service Revenue $0

Investment Income $270

Other Revenue $0

TOTAL REVENUE $225,865

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,606

Other Expenses $29,132

TOTAL EXPENSES $79,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,865	$84,449	+1.7%
Expenses	$79,132	$134,482	-0.4%
Net Income	$146,733	$-50,033	-3.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON KATIE MITCHELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN MITCHELL	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN K RIDGEWAY	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN HORNE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HORNE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MELONY LEWIS	DIRECTOR	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	$225,865	$79,132	$866,083	$146,733
2022	$84,449	$134,482	$719,350	$-50,033
2020	$442,757	$68,316	$492,218	$374,441

THE WORK FOUNDATION INC