Syracuse Coworks
Nonprofit profile at a glance
- EIN
- 471264930
- IRS 990-EZ coverage
- 2015–2017
- Forms available
- Form 990-EZ 2017
- Location
- Syracuse, NY, USA
- Phone
- 3155692181
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $88,238
- Expenses
- $100,656
- Assets
- $158,910
- Liabilities
- $10,556
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- AMY WYANT (PRESIDENT)
People named in this filing
- AMY WYANT (PRESIDENT)
- MATT GARDNER (TREASURER)
- BRIAN CAULFIELD (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Coworking is about building a network of independent workers, entrepreneurs and freelancers. It's not just renting a desk and wifi, it's about being tapped into the local business scene without being tied to a private office or cubicle. While we do offer wifi, coffee, and a place to work, the space itself is designed to encourage organic collaboration between businesses and to inspire coworkers to be more creative.
What it reported doing in 2017
Addressed with mission statement.
Operating model
- Revenue model
- Membership-supported. 99% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -14.1%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.58; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 33.2% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 30.1% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: -9.4% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2015 to 2017
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 25/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.