HOWARD ECOWORKS INC

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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

2016

Legal Domicile

Principal Officer

LORI LILLY

Phone

4435187665

Tax Period

2024-01-01 to 2024-12-31

HOWARD ECOWORKS INC, founded in 2016, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 18% operating margin.

Mission

TO EMPOWER COMMUNITIES AND DIVERSE WORKFORCES TO CONSERVE AND RESTORE OUR NATURAL SYSTEMS FOR FUTURE GENERATIONS

Program Service Accomplishments

Program 1

Expenses: $671,047 Revenue: $1,022,038

GRANTS BUILD RAIN GARDENS AND CONSERVATION LANDSCAPES THAT FILTER STORMWATER RUNOFF AND ALLEVIATE FLOODING FROM PAVEMENT AND OTHER IMPERVIOUS SURFACES. TO EMPOWER AN UNDER-SERVED WORKFORCE TO...

GRANTS BUILD RAIN GARDENS AND CONSERVATION LANDSCAPES THAT FILTER STORMWATER RUNOFF AND ALLEVIATE FLOODING FROM PAVEMENT AND OTHER IMPERVIOUS SURFACES. TO EMPOWER AN UNDER-SERVED WORKFORCE TO CONSERVE AND RESTORE OUR NATURAL SYSTEMS FOR FUTURE GENERATIONS TO LEAD IN DEVELOPING INNOVATIVE SOLUTIONS, A SKILLED WORKFORCE AND PARTNERSHIPS FOR RESILIENT COMMUNITIES.

Program 2

Expenses: $375,331 Revenue: $386,561

FEE FOR SERVICE BUILD RAIN GARDENS AND CONSERVATION LANDSCAPES THAT FILTER STORMWATER RUNOFF AND ALLEVIATE FLOODING FROM PAVEMENT AND OTHER IMPERVIOUS SURFACES. TO EMPOWER AN UNDER-SERVED WORKFORCE TO CONSERVE AND RESTORE OUR NATURAL SYSTEMS FOR FUTURE GENERATIONS TO LEAD IN DEVELOPING INNOVATIVE SOLUTIONS, A SKILLED WORKFORCE AND PARTNERSHIPS FOR RESILIENT COMMUNTIES.

Program 3

Expenses: $90,989 Revenue: $38,048

PRODUCT SALES SELL NURSERY PRODUCT TO PROJECTS AND PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,085,806

Program Service Revenue $386,561

Investment Income $12,689

Other Revenue $27,209

TOTAL REVENUE $1,512,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $813,774

Fundraising Expenses $328

Program Expenses $1,137,367

Other Expenses $432,397

TOTAL EXPENSES $1,246,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,512,265	$1,235,240	+0.2%
Expenses	$1,246,171	$1,168,473	+0.1%
Net Income	$266,094	$66,767	+3.0%

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

229

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

$92,514

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI LILLY	FOUNDER & EXECUTIVE DIRECTOR	40.00	Officer	$91,442	$1,072	$92,514
JAMIE FRASER	DIRECTOR	2.00	Director	$0	$0	$0
PAUL HAYDEN	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MORTON	DIRECTOR	2.00	Director	$0	$0	$0
LYDIA POOLE	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY GALIBER	DIRECTOR	2.00	Director	$0	$0	$0
TODD WARREN	DIRECTOR	2.00	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	$1,512,265	$1,246,171	$1,514,929	$266,094
2023	$1,235,240	$1,168,473	$588,160	$66,767
2022	$667,672	$752,891	$550,594	$-85,219
2021	$689,763	$737,976	$216,575	$-48,213
2020	$827,565	$654,441	$247,255	$173,124
2019	$605,303	$666,944	$87,029	$-61,641
2018	$589,502	$613,974	$135,443	$-24,472