YokyWorks Foundation
Nonprofit profile at a glance
- EIN
- 264692391
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2019
- Location
- Bellevue, WA, USA
- Phone
- 6509354820
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $119,165
- Expenses
- $125,080
- Assets
- $5,673
- Liabilities
- $300
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- YOKY MATSUOKA (President)
People named in this filing
- YOKY MATSUOKA (President)
- CAROL BALDWIN (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To remove reading barriers and unlock potential.
What it reported doing in 2024
We have successfully identified, assessed and remdiated chilcren at high risk of having a lifelong struggle with literacy problems.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 100
- Sustainability: 18
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.5%; rating input score 67
- Program expense ratio: 63.4%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -5%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -17.1% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -42.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 66.5% of revenue deployed · 63.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $79K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.