WORKMONEY FOUNDATION INC

EIN: 881168529 501(c)(3) Human Services

MILWAUKEE, WI

Total Revenue
$73,465,010
Total Expenses
$70,919,927
Total Assets
$12,699,940
Net Assets
$11,386,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WI
Principal Officer
CARRIE J GRIMES
Phone
2622047368
Tax Period
2024-01-01 to 2024-12-31

WORKMONEY FOUNDATION INC, founded in 2022, is a mid-sized nonprofit in the Human Services sector that reported $73.5M in total revenue in fiscal year 2024. Revenue surged 326% from the prior year, signaling strong growth momentum. Expenses of $70.9M left a modest 3% surplus.

Mission

WORKMONEY FOUNDATION, INC. (WMF) WAS CREATED TO HELP EVERYDAY AMERICANS AFFORD A GOOD LIFE BY HELPING AMERICANS ACT IN THEIR FINANCIAL SELF-INTEREST THROUGH PUBLIC EDUCATION. THE GOAL OF THE ORGANIZATION IS TO HELP EVERYONE IN AMERICA BE ABLE TO AFFORD TO LIVE A GOOD LIFE AND TO HAVE THEIR WORK REWARDED WITH ECONOMIC SECURITY. IN ORDER TO FURTHER THIS GOAL, WMF WILL CONDUCT NATIONAL PUBLIC EDUCATION CAMPAIGNS TO PROVIDE CRITICAL, TIMELY INFORMATION ABOUT ENACTED LEGISLATION AND FINANCIAL MATTERS (INCLUDING HELPING EVERYDAY AMERICANS ACCESS AND NAVIGATE COMPLICATED GOVERNMENT PROGRAMS LIKE UNEMPLOYMENT INSURANCE AND THE CHILD TAX CREDIT), CONDUCT SCIENTIFIC RESEARCH, AND EDUCATE THE PUBLIC ABOUT POLICY ISSUES THAT AFFECT THEIR FINANCES.

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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 $73,465,010
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $73,465,010

Expense Breakdown

Grants Paid $69,565,000
Salaries & Benefits $853,212
Fundraising Expenses $849,873
Program Expenses $69,565,000
Other Expenses $327,715
TOTAL EXPENSES $70,919,927

Year-over-Year Comparison

2024 2023 Change
Revenue $73,465,010 $17,258,004 +3.3%
Expenses $70,919,927 $11,834,905 +5.0%
Net Income $2,545,083 $5,423,099 -0.5%
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$120,219
Total Directors
3
$120,219
Key Employees
1
$165,093
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIE JOY GRIMES PRESIDENT & CHIEF EXECUTIVE OFFICER 16.00
Officer Director
$103,791 $16,428 $120,219
CHRISTINA DES VAUX TREASURER 1.00
Officer Director
$0 $0 $0
LYNN ANDERSON CLARK SECRETARY 1.00
Officer Director
$0 $0 $0
EVAN KOST CHIEF PARTNERSHIP OFFICER 24.00
Key Emp
$156,417 $8,676 $165,093
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 $73,465,010 $70,919,927 $12,699,940 $2,545,083
2023 $17,258,004 $11,834,905 $9,081,081 $5,423,099
2022 $3,420,000 $1,565 $3,420,000 $3,418,435
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