Workmatters
Workmatters shows consistent asset growth and low liabilities, but experienced a significant deficit in 2023.
EIN: 200246317 · Rogers, AR · NTEE: X20 · Updated: 2026-03-28
Is Workmatters Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Workmatters directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Workmatters
Workmatters (EIN: 200246317) is a nonprofit organization based in Rogers, AR, classified under NTEE code X20. The organization reported total revenue of $674K and total assets of $458K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workmatters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workmatters is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $944K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-269,570 |
| Total Assets | $710K |
| Total Liabilities | $23K |
| Net Assets | $687K |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2023, Workmatters reported a deficit of $270K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Workmatters's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +33.0% | -25.8% |
| 2022 | +19.7% | +61.0% | -4.7% |
| 2021 | -27.6% | -19.7% | +27.1% |
| 2020 | +42.5% | -8.7% | +81.9% |
| 2019 | +7.3% | +14.2% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7210 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Workmatters with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Workmatters allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $270K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, which is highly unusual for an organization with revenues approaching $1 million annually. This suggests that executive leadership may be volunteer-based or compensated through non-officer categories, which enhances donor perception of efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Workmatters's IRS 990 filings:
- Significant deficit in the most recent fiscal period (2023), with expenses exceeding revenue by $269,570.
- Consistent reporting of 0% officer compensation, which, while potentially positive, warrants further inquiry into how leadership is compensated or if it's entirely volunteer-driven for an organization of this size.
Strengths
The following positive indicators were identified for Workmatters:
- Consistent growth in assets over the past decade, from $275,145 in 2014 to $710,027 in 2023.
- Extremely low liabilities across all reported periods, indicating a healthy balance sheet and minimal debt.
- History of revenues often exceeding expenses in prior years (e.g., 2021 revenue $776,560 vs. expenses $566,647), demonstrating operational efficiency.
- Strong financial transparency with 13 years of consistent IRS 990 filings.
Frequently Asked Questions about Workmatters
Is Workmatters a legitimate charity?
Based on AI analysis of IRS 990 filings, Workmatters (EIN: 200246317) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Workmatters spend its money?
Workmatters directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Workmatters tax-deductible?
Workmatters is registered as a tax-exempt nonprofit (EIN: 200246317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Workmatters incur a significant deficit in 2023?
In 2023, Workmatters reported expenses of $1,213,160 against revenues of $943,590, resulting in a deficit of $269,570. This is a notable deviation from prior years where revenues often exceeded expenses.
How does Workmatters manage executive compensation with 0% reported?
All 13 IRS 990 filings for Workmatters indicate 0% officer compensation. This suggests that executive leadership may be volunteer-based, compensated through other means not classified as officer compensation, or that the organization has a unique compensation structure.
What is the trend in Workmatters' assets and liabilities?
Workmatters has shown consistent asset growth from $275,145 in 2014 to $710,027 in 2023. Liabilities have remained very low, typically under $10,000, indicating a strong financial position with minimal debt.
Is Workmatters financially stable despite the 2023 deficit?
Despite the 2023 deficit, Workmatters' strong asset base ($710,027) and very low liabilities ($22,552) suggest a degree of financial stability. The organization has accumulated reserves that could absorb a single year's deficit, but sustained deficits would be a concern.
Filing History
IRS 990 filing history for Workmatters showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Workmatters's revenue has grown by 168.6%, moving from $351K to $944K. Total assets increased by 208.4% over the same period, from $230K to $710K. Total functional expenses rose by 329.3%, from $283K to $1.2M. In its most recent filing year (2023), Workmatters reported a deficit of $270K, with expenses exceeding revenue. The organization holds $23K in liabilities against $710K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $687K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $944K | $1.2M | $710K | $23K | — | — |
| 2022 | $929K | $912K | $957K | $7K | — | View 990 |
| 2021 | $777K | $567K | $1.0M | $4K | — | View 990 |
| 2020 | $1.1M | $705K | $790K | $385 | — | — |
| 2019 | $752K | $773K | $434K | $6K | — | View 990 |
| 2018 | $701K | $677K | $396K | $0 | — | View 990 |
| 2017 | $585K | $579K | $373K | $0 | — | View 990 |
| 2016 | $620K | $561K | $369K | $0 | — | View 990 |
| 2015 | $570K | $522K | $309K | $0 | — | View 990 |
| 2014 | $457K | $476K | $275K | $0 | — | View 990 |
| 2013 | $364K | $382K | $294K | $0 | — | View 990 |
| 2012 | $347K | $279K | $299K | $0 | — | View 990 |
| 2011 | $351K | $283K | $230K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $944K, expenses of $1.2M, and assets of $710K (revenue +1.6% year-over-year).
- 2022: Revenue of $929K, expenses of $912K, and assets of $957K (revenue +19.7% year-over-year).
- 2021: Revenue of $777K, expenses of $567K, and assets of $1.0M (revenue -27.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $705K, and assets of $790K (revenue +42.5% year-over-year).
- 2019: Revenue of $752K, expenses of $773K, and assets of $434K (revenue +7.3% year-over-year).
- 2018: Revenue of $701K, expenses of $677K, and assets of $396K (revenue +19.8% year-over-year).
- 2017: Revenue of $585K, expenses of $579K, and assets of $373K (revenue -5.5% year-over-year).
- 2016: Revenue of $620K, expenses of $561K, and assets of $369K (revenue +8.6% year-over-year).
- 2015: Revenue of $570K, expenses of $522K, and assets of $309K (revenue +24.9% year-over-year).
- 2014: Revenue of $457K, expenses of $476K, and assets of $275K (revenue +25.5% year-over-year).
- 2013: Revenue of $364K, expenses of $382K, and assets of $294K (revenue +4.8% year-over-year).
- 2012: Revenue of $347K, expenses of $279K, and assets of $299K (revenue -1.2% year-over-year).
- 2011: Revenue of $351K, expenses of $283K, and assets of $230K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workmatters:
Data Sources and Methodology
This transparency report for Workmatters is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.