HUSTLE WINSTON-SALEM

EIN: 823510672 501(c)(3) Community Improvement

WINSTONSALEM, NC

Total Revenue
$196,507
Total Expenses
$149,731
Total Assets
$84,778
Net Assets
$79,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NC
Principal Officer
MAGALIE YACINTHE
Phone
3057206384
Tax Period
2024-01-01 to 2024-12-31

HUSTLE WINSTON-SALEM, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $197K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 24% operating margin.

Mission

HUSTLE WINSTON-SALEM'S MISSION IS TO HELP GROW THE LOCAL ECONOMY BY ACCELERATING UNDER-REPRESENTED ENTREPRENEURS WITH A FOCUS ON WOMEN, PEOPLE OF COLOR, AND MARGINALIZED BUSINESS DISTRICTS.

Program Service Accomplishments

Program 1
Expenses: $95,704 Revenue: $5,186

MARKETING OUTSIDE THE BOX - SHIFTED FROM WORKSHOPS TO NOW INCLUDE SERVICES. SELECTED PARTICIPANTS ARE MATCHED WITH A MARKETING PROFESSIONAL TO PROVIDE THEM WITH A SERVICE THEIR BUSINESS NEEDS AT NO...

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MARKETING OUTSIDE THE BOX - SHIFTED FROM WORKSHOPS TO NOW INCLUDE SERVICES. SELECTED PARTICIPANTS ARE MATCHED WITH A MARKETING PROFESSIONAL TO PROVIDE THEM WITH A SERVICE THEIR BUSINESS NEEDS AT NO COST. THEY ALSO WORK WITH THE HUSTLE TEAM FOR 12 WEEKS FOR ONE-ON-ONE SUPPORT TO HELP THEM TACKLE THEIR UNIQUE CHALLENGES AROUND STRATEGY, STORYTELLING, SALES, SEO, AND MORE. ALSO, THERE'S AN OPPORTUNITY FOR ALL ENTREPRENEURS WE SERVE TO WIN MARKETING PRIZES EACH MONTH FOR THEIR BUSINESS.CONTINUED ON SCHEDULE OPAPER CHA$ER - INTERACTIVE WORKSHOPS FOCUSED ON CASH FLOW MODELS, FINANCIAL PROJECTIONS & FORECASTS, AND BASIC BOOKKEEPING & BUDGETING FOR BUSINESS. REFRESHMENTS PROVIDED. LAPTOP REQUIRED.BLACK WALL STREET FORWARD INITIATIVE - MODELED ON THE PILLARS THAT MADE THE ORIGINAL BLACK WALL STREET SUCCESSFUL, AND AIMS TO CONTINUE THE LEGACY OF THIS VIBRANT WORK BY SUPPORTING AND CATALYZING LOCAL LEADERS, BLACK BUSINESS OWNERS, AND CHAMPIONS. POW"HER"FUL LUNCH - A SPORADIC LUNCHEON EVENT WITH AN OPEN INVITATION FOR ALL PROFESSIONAL WOMEN TO COME, NETWORK, AND BE EMPOW"HER"ED.WOMENPRENEUR WEDNESDAY - PROVIDING A FREE AND SUPPORTIVE ENVIRONMENT WHERE WOMEN ENTREPRENEURS CAN CONNECT, COLLABORATE, AND GROW. THE INTENT IS TO SHAPE AN ATMOSPHERE WHERE WOMEN ARE FREE TO BE THEMSELVES, LEARN NEW THINGS, AND SHARE THEIR GIFTS WITH ONE ANOTHER.HUSTLE NIGHT - A SPORADIC GATHERING TO ENHANCE INCLUSIVE ENTREPRENEURSHIP WITH AN EVENING OF NETWORKING, IMPACT LEARNING, AND COMMUNITY-BUILDING. WE GATHER FOR A HUSTLE STORY, AN INNOVATION SPRINT, OR AN INTERACTIVE WORKSHOP ON A RELEVANT BUSINESS TOPIC, PRIMARILY FOCUSED ON OPERATIONS.COFFEE + CONVERSATIONS - A PROGRAM FOCUSED IN GREENSBORO TO OPEN THE FLOOR FOR LOCAL MARGINALIZED ENTREPRENEURS TO SHARE THEIR EXPERIENCES, NETWORK, AND CONNECT WITH LOCAL RESOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $191,321
Program Service Revenue $5,186
Investment Income $0
Other Revenue $0
TOTAL REVENUE $196,507

Expense Breakdown

Grants Paid $4,375
Salaries & Benefits $30,333
Fundraising Expenses $0
Program Expenses $95,704
Other Expenses $115,023
TOTAL EXPENSES $149,731

Year-over-Year Comparison

2024 2023 Change
Revenue $196,507 $120,434 +0.6%
Expenses $149,731 $139,913 +0.1%
Net Income $46,776 $-19,479 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$30,333
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLIE EASTON CHAIR 1.00
Officer Director
$0 $0 $0
ALLAN YOUNGER VICE CHAIR 1.00
Officer Director
$0 $0 $0
SANTIAGO RAMOS TREASURER 1.00
Officer Director
$0 $0 $0
JANET CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN MATTHEW WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
LEA METZ BOARD MEMBER 1.00
Director
$0 $0 $0
DARYL SHAW BOARD MEMBER 1.00
Director
$0 $0 $0
MAGALIE YACINTHE EXECUTIVE DIRECTOR 25.00
Officer
$30,333 $0 $30,333
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 $196,507 $149,731 $84,778 $46,776
2023 $120,434 $139,913 $40,126 $-19,479
2022 $144,936 $126,760 $59,605 $18,176
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