SB WORKS (EIN 473838493) - 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

2015

Legal Domicile

Principal Officer

John Mains

Tax Period

2023-01-01 to 2023-12-31

SB WORKS, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $915K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $249K, a strong 27% operating margin.

Mission

Local small business assistance and grant based community economic development

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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 $903,431

Program Service Revenue $11,570

Investment Income $0

Other Revenue $0

TOTAL REVENUE $915,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,632

Fundraising Expenses $3,600

Program Expenses $661,440

Other Expenses $338,565

TOTAL EXPENSES $666,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$915,001	$669,058	+0.4%
Expenses	$666,197	$507,314	+0.3%
Net Income	$248,804	$161,744	+0.5%

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

$187,477

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Mains	Executive Director	40.00	Highest	$103,699	$0	$103,699
Micah Feinstein	Program Specialist	40.00	Key Emp	$65,999	$0	$65,999
Thomas Litke	Grants Administrator	40.00	Key Emp	$91,376	$0	$91,376
Chris Van Orden	Food and Beverage Specialist	18.00	Key Emp	$30,102	$0	$30,102

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	$915,001	$666,197	$536,006	$248,804
2022	$669,058	$507,314	$472,750	$161,744
2021	$574,807	$496,144	$367,219	$78,663
2020	$473,434	$431,835	$288,558	$41,599
2019	$816,854	$652,997	$222,457	$163,857

SB WORKS