BRISTOL WORKS INC

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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

2022

Legal Domicile

Principal Officer

JOHN RYAN

Phone

8605847043

Tax Period

2024-01-01 to 2024-12-31

BRISTOL WORKS INC, founded in 2022, is a small nonprofit in the Employment sector that reported $608K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A LOCAL WORKFORCE DEVELOPMENT FACILTIY THAT WILL BENEFIT ALL OF BRISTOL'S RESIDENTS AND BUSINESSES BY PROVIDING OPPORTUNITIES FOR INDUSTRY RECOGNIZED TRAINING.

Program Service Accomplishments

Program 1

Expenses: $440,840

TO GIVE OPPORTUNITIES FOR RESIDENTS AND BUSINESSES IN BRISTOL BY PROVIDING INDUSTRY RECOGNIZED TRAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $608,398

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $608,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,195

Fundraising Expenses $0

Program Expenses $470,337

Other Expenses $411,520

TOTAL EXPENSES $657,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,398	$1,194,311	-0.5%
Expenses	$657,715	$626,149	+0.1%
Net Income	$-49,317	$568,162	-1.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY ARIEL	SECRETARY	N/A	Officer Director	$0	$0	$0
BRENT BIERNAT	DIRECTOR	N/A	Director	$0	$0	$0
MARK BURZYNSKI	DIRECTOR	N/A	Director	$0	$0	$0
KATIE D'AGOSTINO	CHAIR	N/A	Officer Director	$0	$0	$0
CECLILIA GARAY	DIRECTOR	N/A	Director	$0	$0	$0
VALERIAN GOMEZ	DIRECTOR	N/A	Director	$0	$0	$0
DONNA OSUCH	DIRECTOR	N/A	Director	$0	$0	$0
SUE PASSINI	DIRECTOR	N/A	Director	$0	$0	$0
DIVYA PATEL	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN RYAN	DIRECTOR	N/A	Director	$0	$0	$0
KIM HOLLEY	PRESIDENT	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
2024	$608,398	$657,715	$1,195,237	$-49,317
2023	$1,194,311	$626,149	$1,038,429	$568,162
2023	$1,024,026	$722,026	$996,101	$302,000
2022	$631,247	$45,468	$1,052,128	$585,779