HARDWARE PARK (EIN 822262744) - 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

2017

Legal Domicile

Principal Officer

MATTHEW FITZGERALD

Phone

8778295500

Tax Period

2024-01-01 to 2024-12-31

HARDWARE PARK, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 2079% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 92% operating margin.

Mission

OUR MISSION IS TO RADICALLY IMPACT LIVES FOR THE BETTER BY EQUIPPING CURRENT AND FUTURE ENTREPRENEURS WITH THE RESOURCES TO TRANSFORM PROMISING IDEAS INTO WORLD-CHANGING PHYSICAL PRODUCTS. OUR INNOVATION ACTIVITIES BRING TOGETHER FUTURE, CURRENT, AND VETERAN INNOVATORS TO WORK COLLABORATIVELY IN ONE PLACE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,170,761

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,170,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,389

Fundraising Expenses $0

Program Expenses $328,449

Other Expenses $303,336

TOTAL EXPENSES $440,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,170,761	$272,365	+3.3%
Expenses	$440,725	$21,912	+19.1%
Net Income	$730,036	$250,453	+1.9%

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BRUCE FITZGERALD	PRESIDENT	4.00	Officer Director	$0	$0	$0
ARNAR THORS	VICE PRESIDENT/SECRETARY	4.00	Officer Director	$0	$0	$0
DOUG GARRISON	MEMBER	4.00	Director	$0	$0	$0
MARK CONNER	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	$1,170,761	$440,725	$1,136,400	$730,036
2023	$272,365	$21,912	$265,167	$250,453

HARDWARE PARK