HONDURAS GOOD WORKS

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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

2010

Legal Domicile

Principal Officer

ALINA RAMOS

Phone

5125171777

Tax Period

2023-01-01 to 2023-12-31

HONDURAS GOOD WORKS, founded in 2010, is a small nonprofit in the Human Services sector that reported $334K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 50% operating margin.

Mission

By working in partnership with our Honduran brothers and sisters,Honduras Good Works offers our time, commitment and resources to improve the health of rural Hondurans; to assist underserved youth in getting an education; and to nuture the spirit of the Hondurans we serve through church development and community development.

Program Service Accomplishments

Program 1

Expenses: $127,574 Revenue: $0

To deliver HEALTH care in Honduras to underserved rural populations.

Program 2

Expenses: $32,715 Revenue: $0

To support EDUCATION for underserved Honduran youth.

Program 3

Expenses: $2,000 Revenue: $0

To nuture the SPIRIT of Hondurans in underserved rural populations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $256,731

Program Service Revenue $0

Investment Income $15

Other Revenue $77,695

TOTAL REVENUE $334,441

Expense Breakdown

Grants Paid $30,034

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,289

Other Expenses $136,782

TOTAL EXPENSES $166,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,441	$239,071	+0.4%
Expenses	$166,816	$184,063	-0.1%
Net Income	$167,625	$55,008	+2.0%

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

140

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
THIERY SPARKS	CHAIR	10.00	Officer Director	$0	$0	$0
ALINA RAMOS MD	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARGARET CATHEY	TREASURER	6.00	Officer Director	$0	$0	$0
ROXANA MATHEW	SECRETARY	2.00	Officer Director	$0	$0	$0
AMI HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA ROSALES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEFINA SANTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
EDUARDO SOSA	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA SPARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALDEN TARVER	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS TWEEDY MD	BOARD MEMBER	2.00	Director	$0	$0	$0
GA WHITEHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA TOWELL MD	BOARD EMERITUS	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$334,441	$166,816	$319,305	$167,625
2022	$239,071	$184,063	$183,295	$55,008
2021	$176,618	$168,056	$138,897	$8,562
2020	$135,168	$131,975	$130,335	$3,193
2019	$188,606	$167,590	$128,667	$21,016
2018	$210,316	$190,188	$94,806	$20,128