Ready To Work

EIN: 990928850 501(c)(3) Employment

Birmingham, AL

Total Revenue
$331,440
Total Expenses
$325,235
Total Assets
$6,205
Net Assets
$6,205
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
AL
Principal Officer
Mason Phillips
Phone
2059077900
Tax Period
2024-01-25 to 2024-12-31

Ready To Work, founded in 2024, is a small nonprofit in the Employment sector that reported $331K in total revenue in fiscal year 2024.

Mission

Ready to Work's aim is to create opportunities and empower individuals through collaboration with local high schools, community organizations, and employers.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $331,440
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $331,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,984
Fundraising Expenses $681
Program Expenses $79,545
Other Expenses $88,251
TOTAL EXPENSES $325,235

Year-over-Year Comparison

2024 2023 Change
Revenue $331,440 N/A N/A
Expenses $325,235 N/A N/A
Net Income $6,205 $0 N/A
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
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hugh Thomas Preident 0.0
Officer
$0 $0 $0
Rosalyn Lawson Vice President/Secretary 0.0
Officer
$0 $0 $0
Amy Cross Treasurer 0.0
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 $331,440 $325,235 $6,205 $6,205
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