Salt and Light Works (EIN 352667828) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Adrianne Hillman

Phone

5597993408

Tax Period

2023-01-01 to 2023-12-31

Salt and Light Works, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 40% operating margin.

Mission

To create a community that provides dignified homes, jobs and healing to permanently lift the chronically homeless neighbors off of the streets.

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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 $3,660,163

Program Service Revenue $0

Investment Income $3,509

Other Revenue $160,658

TOTAL REVENUE $3,824,330

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $1,151,886

Fundraising Expenses $0

Program Expenses $1,392,409

Other Expenses $589,472

TOTAL EXPENSES $2,291,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,824,330	$1,324,120	+1.9%
Expenses	$2,291,358	$831,044	+1.8%
Net Income	$1,532,972	$493,076	+2.1%

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

Volunteers

664

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

$311,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Garner-Ford	Chief Strategy	40.00	Officer	$132,144	$0	$132,144
Ed Largoza	COO	40.00	Officer	$120,801	$9,779	$130,580
Adrianne Hillman	CEO	40.00	Officer	$49,263	$0	$49,263
Scot Hillman	Director	1.00	Director	$0	$0	$0
Becky Prettyman	Director	1.00	Director	$0	$0	$0
Danika Curlee	Treasurer	1.00	Officer Director	$0	$0	$0
Jason Salazar	Director	1.00	Director	$0	$0	$0
Jody Gilman	Secretary	1.00	Officer Director	$0	$0	$0
Anita Ortiz	Board Chair	1.00	Officer Director	$0	$0	$0
Natalie Bolin	Director	1.00	Director	$0	$0	$0
Jessica Rodriquez	Director	1.00	Director	$0	$0	$0
Joe Avila	Director	1.00	Director	$0	$0	$0
Joe Herbert	Director	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	$3,824,330	$2,291,358	$2,491,834	$1,532,972
2022	$1,324,120	$831,044	$894,598	$493,076
2021	$728,883	$541,602	$408,845	$187,281
2020	$347,812	$118,707	$210,186	$229,105

Salt and Light Works