SOCIALWORKS (EIN 813662609) - 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

2016

Legal Domicile

Principal Officer

JUSTIN CUNNINGHAM

Phone

7736336710

Tax Period

2023-01-01 to 2023-12-31

SOCIALWORKS, founded in 2016, is a small nonprofit in the Human Services sector that reported $567K in total revenue in fiscal year 2023. Expenses of $927K exceeded revenue, resulting in a 64% operating deficit.

Mission

SOCIALWORKS AIMS TO EMPOWER YOUTH THROUGH THE ARTS, EDUCATION AND CIVIC ENGAGEMENT.

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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 $552,505

Program Service Revenue $0

Investment Income $14,200

Other Revenue $0

TOTAL REVENUE $566,705

Expense Breakdown

Grants Paid $560,096

Salaries & Benefits $297,173

Fundraising Expenses $0

Program Expenses $927,345

Other Expenses $70,076

TOTAL EXPENSES $927,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,705	$525,766	+0.1%
Expenses	$927,345	$1,032,710	-0.1%
Net Income	$-360,640	$-506,944	-0.3%

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

$262,231

Total Directors

$262,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN CUNNINGHAM	EXECUTIVE DIRECTOR	40.00	Officer Director	$132,500	$0	$132,500
ESSENSE SMITH	SECRETARY	15.00	Officer Director	$129,731	$0	$129,731
CHANCELOR BENNETT	PRESIDENT	8.00	Director	$0	$0	$0
KENNETH BENNETT	DIRECTOR	5.00	Director	$0	$0	$0
DARIUS WHITE	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$566,705	$927,345	$134,904	$-360,640
2022	$525,766	$1,032,710	$497,955	$-506,944
2021	$1,351,430	$1,747,022	$1,004,899	$-395,592
2020	$1,222,413	$2,631,712	$1,400,491	$-1,409,299
2019	$1,309,662	$1,708,599	$2,809,890	$-398,937

SOCIALWORKS