Lodgic Workplace Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Scott D Hart

Phone

6308592000

Tax Period

2022-05-01 to 2023-04-30

Lodgic Workplace Inc, founded in 2017, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 9% surplus.

Mission

Lodgic Workplace is an open coworking environment designed to cultivate collaboration and shared economic opportunity through proximity of its members.

Program Service Accomplishments

Program 1

Expenses: $799,652 Revenue: $1,429,783

Operation of Lodgic Workplace, a productive professional working collective of independent workers, businesses, families, and kids who believe that communities can thrive more, aspire more, achieve...

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,429,783

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,429,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,205

Fundraising Expenses $0

Program Expenses $799,652

Other Expenses $960,551

TOTAL EXPENSES $1,297,756

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,429,783	$1,915,389	-0.3%
Expenses	$1,297,756	$2,036,820	-0.4%
Net Income	$132,027	$-121,431	-2.1%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$529,218

Total Directors

$696,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott D Hart	Director and President	1	Officer Director	$0	$43,503	$317,647
Joseph R Mech	Director and Secretary/Treasurer	1	Officer Director	$0	$18,620	$211,571
Michael A Rios Jr	Director	1	Director	$0	$29,442	$167,742

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
2023	$1,429,783	$1,297,756	No data	$132,027
2022	$1,915,389	$2,036,820	$19,745	$-121,431
2021	$246,545	$2,211,497	$85,386	$-1,964,952