THE WORK LAB 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

2023

Legal Domicile

Principal Officer

CHAD MARES

Phone

4022580469

Tax Period

2024-07-01 to 2025-06-30

THE WORK LAB INC, founded in 2023, is a small nonprofit in the Employment sector that reported $733K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE WORK LAB'S COMMITMENT TO FOSTERING STRONG RELATIONSHIPS AMONG EMPLOYERS, EMPLOYEES, AND COMMUNITIES ALIGNS WITH ITS EXEMPT PURPOSE. BY EMPOWERING INDIVIDUALS THROUGH COACHING AND RESOURCE NAVIGATION, WE SERVE AS A CRUCIAL LINK IN THE SOCIO-ECONOMIC SUPPORT SYSTEM, EXTENDING OUR IMPACT BEYOND THE WORKPLACE TO THE BROADER COMMUNITY. PARTNERSHIPS WITH EMPLOYERS ALLOW US TO SUPPORT NOT ONLY EMPLOYEES BUT ALSO THEIR EXTENDED FAMILIES, CONTRIBUTING TO THE OVERALL WELL-BEING OF THE COMMUNITY. ADDITIONALLY, OUR WORK ENABLES US TO IDENTIFY AND ADDRESS GAPS IN SOCIAL AND ECONOMIC RESOURCES, PROPOSING SOLUTIONS IN COLLABORATION WITH EMPLOYER PARTNERS AND STAKEHOLDERS

Program Service Accomplishments

Program 1

Expenses: $696,792 Revenue: $668,256

INCREASE CLIENT UTILIZATION OF SERVICES IN 2024 BY 35%, ON PACE TO SERVE MORE THAN 1,000 INDIVIDUALS. EXPANDING AND EXTENDING CONTRACTS WITH 3 DIFFERENT EMPLOYER PARTNERS. AS WELL AS SIGNING 2 NEW...

INCREASE CLIENT UTILIZATION OF SERVICES IN 2024 BY 35%, ON PACE TO SERVE MORE THAN 1,000 INDIVIDUALS. EXPANDING AND EXTENDING CONTRACTS WITH 3 DIFFERENT EMPLOYER PARTNERS. AS WELL AS SIGNING 2 NEW EMPLOYER PARTNERS TO AGREEMENTS THAT WILL BEGIN IN 2025.

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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 $65,000

Program Service Revenue $667,502

Investment Income $0

Other Revenue $754

TOTAL REVENUE $733,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,765

Fundraising Expenses $27,939

Program Expenses $696,792

Other Expenses $108,867

TOTAL EXPENSES $763,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$733,256	$614,071	+0.2%
Expenses	$763,632	$329,745	+1.3%
Net Income	$-30,376	$284,326	-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

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

$105,104

Total Directors