JOLT INITIATIVE (EIN 821708759) - 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

2017

Legal Domicile

Phone

5125371012

Tax Period

2023-01-01 to 2023-12-31

JOLT INITIATIVE, founded in 2017, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 110% operating deficit.

Mission

Jolt Initiative is a non-profit organization that increases the civic participation of Latinos in Texas to build a stronger democracy and ensure that everyone's voice is heard.

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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 $1,156,949

Program Service Revenue $0

Investment Income $2,099

Other Revenue $0

TOTAL REVENUE $1,159,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,328,367

Fundraising Expenses $112,189

Program Expenses $2,072,977

Other Expenses $1,099,871

TOTAL EXPENSES $2,428,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,159,048	$2,699,961	-0.6%
Expenses	$2,428,238	$2,075,396	+0.2%
Net Income	$-1,269,190	$624,565	-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

N/A

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

$187,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Elmo	Board Chair	1	Officer Director	$0	$0	$0
Baron Mora Alcazar	Board Treasurer	1	Officer Director	$0	$0	$0
Stacie Sanchez Hare	Board Secretary	1	Officer Director	$0	$0	$0
Carrie Rodriguez	Member	1	Director	$0	$0	$0
Daniela Rubio	Board Vice Chair	1	Officer Director	$0	$0	$0
Diana Maldonado	Executive Director	40	Officer	$0	$0	$187,155

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	$1,159,048	$2,428,238	$1,796,538	$-1,269,190
2022	$2,699,961	$2,075,396	$2,941,287	$624,565
2021	$1,716,414	$1,844,753	$2,310,398	$-128,339
2020	$2,728,962	$2,101,851	$3,117,939	$627,111
2019	$1,421,120	$1,456,416	$2,517,517	$-35,296
2018	$3,577,819	$1,756,655	$2,521,477	$1,821,164

JOLT INITIATIVE