TECH COLLECTIVE-WORKFORCE DEVELOPMENT FUND INC D/B/A TECH COLLECTIVE (EIN 421548699) - 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

2004

Legal Domicile

Principal Officer

OSCAR HEBERT

Phone

4015217805

Tax Period

2021-01-01 to 2021-12-31

TECH COLLECTIVE-WORKFORCE DEVELOPMENT FUND INC D/B/A TECH COLLECTIVE, founded in 2004, is a small nonprofit in the Education sector that reported $734K in total revenue in fiscal year 2021. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $274K, a strong 37% operating margin.

Mission

PROMOTE TECHNOLOGY EDUCATION AND WORKFORCE IN RHODE ISLAND

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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 (2021)

Revenue Breakdown

Contributions & Grants $417,219

Program Service Revenue $314,423

Investment Income $2

Other Revenue $2,108

TOTAL REVENUE $733,752

Expense Breakdown

Grants Paid $16,933

Salaries & Benefits $277,245

Fundraising Expenses $0

Program Expenses $430,593

Other Expenses $165,838

TOTAL EXPENSES $460,016

Year-over-Year Comparison

	2021	2020	Change
Revenue	$733,752	$417,349	+0.8%
Expenses	$460,016	$634,266	-0.3%
Net Income	$273,736	$-216,917	-2.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
OSCAR T HEBERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH DEVINE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDY ROSS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA SHORR	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM ANNINO	DIRECTOR	1.00	Director	$0	$0	$0
JASON ALBURQUERQUE	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE LIEB	DIRECTOR	1.00	Director	$0	$0	$0
PETER MOREAU	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DEBERARDIS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY ARCAND	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLASS TONDREAU	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CIUNCI	DIRECTOR	1.00	Director	$0	$0	$0
MICHEAL SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
KENO MULLINGS	DIRECTOR	1.00	Director	$0	$0	$0
SIU-LI KHOE	DIRECTOR	1.00	Director	$0	$0	$0
TODD KNAPP	DIRECTOR	1.00	Director	$0	$0	$0
TUNI SCHARTNER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SILVER	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
2021	$733,752	$460,016	$85,338	$273,736
2020	$417,349	$634,266	$62,072	$-216,917
2019	$1,368,541	$1,273,809	$246,264	$94,732
2018	$1,536,171	$1,633,491	$250,953	$-97,320

TECH COLLECTIVE-WORKFORCE DEVELOPMENT FUND INC D/B/A TECH COLLECTIVE