SIGMA REACH

EIN: 364935676 501(c)(3)

FORT WORTH, TX

Total Revenue
$462,556
Total Expenses
$335,724
Total Assets
$155,295
Net Assets
$154,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
DAVID T UNDERWOOD
Phone
8172919800
Tax Period
2021-01-01 to 2021-12-31

SIGMA REACH, founded in 2019, is a small nonprofit that reported $463K in total revenue in fiscal year 2021. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 27% operating margin.

Mission

SIGMA REACH COLLABORATES WITH PEOPLE AND ORGANIZATIONS, LOCALLY AND GLOBALLY WHICH EXHIBIT A HIGH DEGREE OF EXCELLENCE, UTILIZE AN EFFICIENT AND SUCCESSFUL STRATEGY, AND WHICH ARE FILLING A ROLE DIRECTLY RELATED TO REACHING THE UNREACHED WITH THE LOVE, CARE, AND RESOURCES THAT SHOULD BE ACCESSIBLE TO THEM NO MATTER THE REGION OF THE WORLD THEY LIVE IN.

Program Service Accomplishments

Program 1
Expenses: $119,236 Revenue: $25

KINGDOM PARNTERS IS AN EXTERNAL PROGRAM WHICH IS CENTERED AROUND REACHING THE UNREACHED WITH THE LOVE, CARE, AND RESOURCES THAT SHOULD BE ACCESSIBLE TO THEM NO MATTER THE REGION OF THE WORLD THEY...

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KINGDOM PARNTERS IS AN EXTERNAL PROGRAM WHICH IS CENTERED AROUND REACHING THE UNREACHED WITH THE LOVE, CARE, AND RESOURCES THAT SHOULD BE ACCESSIBLE TO THEM NO MATTER THE REGION OF THE WORLD THEY LIVE IN BY GIVING TO OTHER NON-PROFITS AND SELECT INDIVIDUALS.

Program 2
Expenses: $22,554 Revenue: $0

HARMONY IS AN INTERNAL PROGRAM WITH SIGMAPRO ENG. & MANUFACTURING, LLC THAT PROVIDES EMPLOYEES WITH THE FINANCIAL ASSISTANCE,RESPOURCES, AND ENCOURGAGEMENT THEY MAY NEED BASED ON THIER SPECIFIC...

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HARMONY IS AN INTERNAL PROGRAM WITH SIGMAPRO ENG. & MANUFACTURING, LLC THAT PROVIDES EMPLOYEES WITH THE FINANCIAL ASSISTANCE,RESPOURCES, AND ENCOURGAGEMENT THEY MAY NEED BASED ON THIER SPECIFIC CIRCUMSTANCES AND NEED. SOME EXTERNAL GIFTS ARE GIVEN AS WELL.

Program 3
Expenses: $152,682 Revenue: $130,476

SigmaKids Childcare center is a not for profit, fully licensed center serving families of SigmaPro Engineering and the surrounding community. The heart of this center is to provide exceptional...

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SigmaKids Childcare center is a not for profit, fully licensed center serving families of SigmaPro Engineering and the surrounding community. The heart of this center is to provide exceptional childcare for children, while setting the foundation to help grow and develop our leaders of tomorrow. UNVEILING JOY IS EXTERAL PROGRAM TO PROVIDE EMPOWERMENT, INFORMATION, ENCOURAGEMENT, AND OTHER ASSISTANCE TO ARAB WOMEN IN WEST ASIA.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $462,082
Program Service Revenue $474
Investment Income $0
Other Revenue $0
TOTAL REVENUE $462,556

Expense Breakdown

Grants Paid $132,605
Salaries & Benefits $91,129
Fundraising Expenses $0
Program Expenses $294,472
Other Expenses $111,990
TOTAL EXPENSES $335,724

Year-over-Year Comparison

2021 2020 Change
Revenue $462,556 $209,187 +1.2%
Expenses $335,724 $232,554 +0.4%
Net Income $126,832 $-23,367 -6.4%
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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Governance

Voting Members
4
Independent Members
4
Employees
6
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
4
$7,131
Total Directors
2
$7,131
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID T UNDERWOOD PRESIDENT 15.00
Officer Director
$0 $0 $0
NORMA A UNDERWOOD VICE PRESIDENT/ SECRETARY 15.00
Officer Director
$7,131 $0 $7,131
SIDNEE SILVA TREASURER 2.00
Officer
$0 $0 $0
VIVIAN ALLEN BOARD MEMBER 5.00
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
2021 $462,556 $335,724 $155,295 $126,832
2020 $209,187 $232,554 $33,183 $-23,367
2019 $240,000 $189,798 $50,458 $50,202
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