Worthy Mentoring

Nonprofit profile at a glance

EIN
825281850
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024, Form 990-N 2020
Location
Los Angeles, CA, USA
Phone
2025520221
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Intergroup, Race Relations

Reported finances

Revenue
$71,567
Expenses
$70,592
Assets
$6,188
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL EDMONSON (CEO)

People named in this filing

  • ALLY SPAULDING (DIRECTOR)
  • RACHEL CAMPBELL (DIRECTOR)
  • SHANE FELDMAN (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Worthy mentoring is a 501(c)(3) nonprofit that connects mentors and mentees in the lgbtq+ community through a mobile ios and android app. The worthy mentoring app offers a safe platform for our community to seek personal guidance, professional advice, support, and friendship.

What it reported doing in 2024

Worthy mentoring hosts and updates the free coming out app to connect members of the lgbt+ community for support and friendship.

Operating model

Revenue model
Other-operating. 72% of the money available for current operations came from other operating revenue.
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

SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 93
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.6%; rating input score 76
  • Program expense ratio: 76.7%; rating input score 77

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 3rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 33%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -46% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: -90% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 75.6% of revenue deployed · 76.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K 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: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.