DIVERSEWORKS INC (EIN 760035355) - 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

1982

Legal Domicile

Principal Officer

BEATRICE A EDEN

Phone

7132238346

Tax Period

2023-09-01 to 2024-08-31

DIVERSEWORKS INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $723K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $628K left a modest 13% surplus.

Mission

DIVERSEWORKS PRODUCES AND PRESENTS NEW MULTIDISCIPLINARY ART THROUGH INNOVATIVE COLLABORATIONS WITH ARTISTS AND COMMUNITIES. WE HONOR EACH ARTIST'S VISION WITHOUT LIMITS TO GENERATE EXPANSIVE ART EXPERIENCES AND LEARNING FOR ALL.

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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 $714,817

Program Service Revenue $7,693

Investment Income $1,388

Other Revenue $-608

TOTAL REVENUE $723,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,859

Fundraising Expenses $78,230

Program Expenses $467,374

Other Expenses $309,761

TOTAL EXPENSES $627,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$723,290	$451,827	+0.6%
Expenses	$627,620	$664,038	-0.1%
Net Income	$95,670	$-212,211	-1.5%

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

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

$84,277

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIMBOLA FARINDE PHD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY SUBER	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANCIS ALMENDAREZ	MEMBER	1.00	Director	$0	$0	$0
FREDERICK RHODES	MEMBER	1.00	Director	$0	$0	$0
IGNACIO CARRION	TREASURER	1.00	Officer Director	$0	$0	$0
KOOMAH	MEMBER	1.00	Director	$0	$0	$0
MAHENOU ILAHI	MEMBER	1.00	Director	$0	$0	$0
NATALYE APPEL	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN HAWK	MEMBER	1.00	Director	$0	$0	$0
TEK WILSON	CHAIR	1.00	Officer Director	$0	$0	$0
TROY SCHAUM	MEMBER	1.00	Director	$0	$0	$0
XANDRA EDEN	EXECUTIVE DIRECTOR	40.00	Officer	$84,277	$0	$84,277

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	$723,290	$627,620	$351,868	$95,670
2023	$451,827	$664,038	$260,445	$-212,211
2022	$915,697	$602,321	$467,720	$313,376
2021	$354,822	$490,829	$149,703	$-136,007
2020	$636,101	$555,485	$335,550	$80,616
2019	$530,257	$551,498	$209,847	$-21,241
2018	$634,223	$491,879	$241,936	$142,344

DIVERSEWORKS INC