COLLAR WORKS INC (EIN 454523238) - Form 990 Financial Analysis & Trantor Score

🔒

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

2012

Legal Domicile

Principal Officer

KEN RAGSDALE

Phone

5182850765

Tax Period

2023-09-01 to 2024-08-31

COLLAR WORKS INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $62K, a strong 33% operating margin.

Mission

COLLAR WORKS IS A NON-PROFIT ARTS ORGANIZATION FROM TROY, NY SUPPORTING EMERGING AND UNDER-REPRESENTED ARTISTS MAKING CHALLENGING AND CULTURALLY RELEVANT WORK.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $142,096

Program Service Revenue $30,452

Investment Income $13,629

Other Revenue $55

TOTAL REVENUE $186,232

Expense Breakdown

Grants Paid $14,030

Salaries & Benefits $42,068

Fundraising Expenses $2,549

Program Expenses $88,024

Other Expenses $67,807

TOTAL EXPENSES $123,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,232	$706,916	-0.7%
Expenses	$123,905	$180,896	-0.3%
Net Income	$62,327	$526,020	-0.9%

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

Employees

Volunteers

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
KEN RAGSDALE	CHAIR	1.00	Officer	$0	$0	$0
DAISY MURRAY HOLMAN	VICE CHAIR	1.00	Officer	$0	$0	$0
ISABELLE HOLMES	TREASURER	1.00	Officer	$0	$0	$0
GEORGIA WOHNSEN	SECRETARY	1.00	Officer	$0	$0	$0
IAN BERRY	DIRECTOR	1.00	Director	$0	$0	$0
NICK DEMARCO	DIRECTOR	1.00	Director	$0	$0	$0
JENNY KEMP	DIRECTOR	1.00	Director	$0	$0	$0
DEMARI MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JADE WARRICK	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	$186,232	$123,905	$756,262	$62,327
2023	$706,916	$180,896	$587,014	$526,020

COLLAR WORKS INC