WORKING SOLUTIONS CDFI (EIN 911951777) - 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

SARA RAZAVI

Phone

4157801217

Tax Period

2024-10-01 to 2025-09-30

WORKING SOLUTIONS CDFI, founded in 1999, is a community nonprofit in the Human Services sector that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $5.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

WORKING SOLUTIONS IS A CERTIFIED NONPROFIT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) THAT SUPPORTS CALIFORNIA ENTREPRENEURS TO START AND GROW THRIVING LOCAL BUSINESSES. WE SPECIALIZE IN START-UP AND EARLY-STAGE FINANCING FOR INDIVIDUALS VIA CAPITAL, CONSULTING, AND COMMUNITY CONNECTIONS.

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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 $2,439,542

Program Service Revenue $1,976,047

Investment Income $101,944

Other Revenue $0

TOTAL REVENUE $4,517,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,397,542

Fundraising Expenses $298,866

Program Expenses $3,952,504

Other Expenses $1,665,440

TOTAL EXPENSES $5,062,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,517,533	$5,154,072	-0.1%
Expenses	$5,062,982	$4,989,444	+0.0%
Net Income	$-545,449	$164,628	-4.3%

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

$380,076

Total Directors

Key Employees

$607,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PALOMA VIDGEN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
OLIVIA REBANAL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTINA TRAVERS	TREASURER	2.00	Officer Director	$0	$0	$0
MINDY CHRISTENSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MARISA CALDERON	BOARD MEMBER	1.00	Director	$0	$0	$0
HASEEB CHAUDHRY	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY GASNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TATE HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN NAGENDRA	BOARD MEMBER	1.00	Director	$0	$0	$0
LENA ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCI ROSENFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
GASPER MAGALLANES	CHIEF FINANCIAL OFFICER	40.00	Officer	$151,075	$40,574	$191,649
SARA RAZAVI	CHIEF EXECUTIVE OFFICER	40.00	Officer	$182,055	$6,372	$188,427
LAURA HOOVER	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$166,053	$49,612	$215,665
TITILOPE IKHILE	CHIEF PROGRAM OFFICER	40.00	Key Emp	$164,731	$37,869	$202,600
JOHN PALYO	CHIEF LENDING OFFIER (THRU 7/2024)	40.00	Key Emp	$161,243	$27,992	$189,235
DEBRA STEINEMAN	SENIOR ACCOUNTING MANAGER	40.00	Highest	$126,022	$29,605	$155,627
NATALYA BLUMENFELD	DIRECTOR OF DATA & IMPACT	40.00	Highest	$118,261	$17,537	$135,798
SABRINA ADAMS	GRANTS OFFICER	40.00	Highest	$104,480	$20,498	$124,978
CHRISTIAN KNIGHT	DIRECTOR OF PORTFOLIO MANAGEMENT	40.00	Highest	$114,940	$7,125	$122,065
LYNNDA MORI	BUSINESS CONSULTING MANAGER	40.00	Highest	$116,527	$4,078	$120,605

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	$4,517,533	$5,062,982	$23,135,892	$-545,449
2024	$5,154,072	$4,989,444	$21,389,709	$164,628
2023	$6,684,587	$4,561,932	$18,529,952	$2,122,655
2022	$2,670,816	$3,918,600	$16,295,715	$-1,247,784
2021	$7,387,576	$3,535,860	$16,888,921	$3,851,716
2020	$3,494,095	$3,383,498	$12,755,754	$110,597
2019	$2,753,022	$2,681,216	$12,591,495	$71,806
2018	$2,238,316	$2,143,337	$11,069,230	$94,979

WORKING SOLUTIONS CDFI