NICAWORKS

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JAMES BELT JR

Phone

7577535351

Tax Period

2025-01-01 to 2025-12-31

NICAWORKS, founded in 2008, is a small nonprofit in the International Affairs sector that reported $342K in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

The organization exists to help Nicaraguans curtail the poverty that is prevalent in their country. NicaWorks! raises awareness and advocates for ministry partners.

Program Service Accomplishments

Program 1

Expenses: $333,640 Revenue: $342,291

Provide and assist in ministry, education, agricultire, mentorship, orphanage support, and vocational training for Nicaraguans

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $342,291

Investment Income $0

Other Revenue $0

TOTAL REVENUE $342,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,640

Other Expenses $349,847

TOTAL EXPENSES $349,847

Year-over-Year Comparison

	2025	2024	Change
Revenue	$342,291	$254,161	+0.3%
Expenses	$349,847	$377,576	-0.1%
Net Income	$-7,556	$-123,415	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CALVIN COVERT	President	Director	$0	$0	$0
TIMOTHY ADAMS	Secretary	Officer	$0	$0	$0
JAMES BELT JR	Director	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$342,291	$349,847	$53,858	$-7,556
2024	$254,161	$377,576	$64,071	$-123,415
2023	$252,934	$250,783	$63,356	$2,151