RED WORLDWIDE INC

EIN: 822507122 501(c)(3) Education

Fort Worth, TX

Total Revenue
$220,354
Total Expenses
$96,305
Total Assets
$212,000
Net Assets
$12,499
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
Patience Rose
Phone
4693103378
Tax Period
2022-01-01 to 2022-12-31

RED WORLDWIDE INC, founded in 2017, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $124K, a strong 56% operating margin.

Mission

RED Worldwide, Inc. is a social enterprise nonprofit organization that exists to navigate a business from the very informal concepts to the point of becoming a thriving viable concern. Our goal is to help clients become part of the new generation of owners who prioritize value over size. With RED's guidance, clients are able to go to market quickly, generate recurring profits, and scale their businesses. RED offers a comprehensive approach to business success. We start by helping clients explore their visions and develop ideas. From there, we move on to strategizing and implementing those ideas to bring them to fruition. Our team is comprised of experienced certified business advisors who navigate clients through every step of the process, from ideation to successful execution. While we do not discriminate in providing services to anyone seeking our guidance and support, we target the underserved communities and individuals who may have historically faced barriers starting a business

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $35,620
Program Service Revenue $184,734
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $187,501
Other Expenses $96,305
TOTAL EXPENSES $96,305

Year-over-Year Comparison

2022 2021 Change
Revenue $220,354 $184,734 +0.2%
Expenses $96,305 $12,000 +7.0%
Net Income $124,049 $172,734 -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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patience Rose CEO 30.00
Director
$0 $0 $0
Antonio Holt CTO 5.00
Director
$0 $0 $0
Howard Rose Jr COO 10.00
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
2022 $220,354 $96,305 $212,000 $124,049
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