SMART CITY WORKS INC (EIN 820941868) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

DAVID HEYMAN

Phone

9292762789

Tax Period

2023-01-01 to 2023-12-31

SMART CITY WORKS INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $300K in total revenue in fiscal year 2020. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $257K left a modest 14% surplus.

Mission

SMART CITY WORKS IS A NON-PROFIT THAT EMPOWERS COMMUNITIES TO SOLVE URBAN CHALLENGES AND IMPROVE ECONOMIC GROWTH, THROUGH TECHNOLOGY INNOVATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $523,302

Program Service Revenue $4,684

Investment Income $0

Other Revenue $0

TOTAL REVENUE $527,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,191

Fundraising Expenses $0

Program Expenses $440,713

Other Expenses $318,350

TOTAL EXPENSES $513,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,986	$585,530	-0.1%
Expenses	$513,541	$568,707	-0.1%
Net Income	$14,445	$16,823	-0.1%

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

$184,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HEYMAN	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
GREG SAUTER	VICE CHAIRPERSON	4.00	Officer Director	$0	$0	$0
SOL GLASNER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE KHADEMIAN	BOARD MEMBER	2.00	Director	$0	$0	$0
AVI HALPERT	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE LEVINE	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLA MANDELABUM	EXECUTIVE DIRECTOR (THRU 9/2023)	40.00	Officer	$134,152	$3,128	$137,280
DEBORA SCHANTZ-HISCOTT	EXECUTIVE DIRECTOR (EFFECTIVE 9/2023)	40.00	Officer	$47,596	$0	$47,596

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	$527,986	$513,541	$158,415	$14,445
2022	$585,530	$568,707	$166,777	$16,823
2021	$354,565	$354,761	$180,590	$-196
2020	$300,325	$257,017	$75,867	$43,308

SMART CITY WORKS INC