Workbound Inc
Nonprofit profile at a glance
- EIN
- 391713299
- IRS 990-EZ coverage
- 2010–2020
- Forms available
- Form 990-EZ 2020
- Location
- Sheboygan, WI, USA
- Phone
- 9204592400
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $28,000
- Expenses
- $30,963
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- STACY HARRIOTT (PRESIDENT)
People named in this filing
- STACY HARRIOTT (PRESIDENT)
- KYM LEIBHAM (CONTACTED DIRECTOR)
- KRIS DEBRUINE (OOSTBURG WORKBOUND COORDIN)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Workbound utilitizes its energies and resources to support students of all levels of success in school as they explore careers to enhance the quality of their future.
What it reported doing in 2020
Community business people are selected to work with students in a business environment so the students receive first hand experience in their desired career. Guidance is given to the students as to the options available in their desired career.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 100
- Sustainability: 24
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 87.3%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -10.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -2.5% per year; rating input score 0; 55th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 56th percentile among comparable filings
- Asset growth: -20.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 96.6% of revenue deployed · 87.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 11 filing years from 2010 to 2020
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.