THE WALTER HIVE

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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

Principal Officer

DIANNE HAWS

Phone

6024569482

Tax Period

2023-01-01 to 2023-12-31

THE WALTER HIVE, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $123K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $254K exceeded revenue, resulting in a 106% operating deficit.

Mission

THE HIVE EXISTS BECAUSE WE WANT TO GIFT AS MANY PEOPLE AS WE CAN WITH THE EMPOWERMENT THEY FEEL WHEN THEY LEARN THAT THEYRE CAPABLE OF CHANGING THEIR WORLD THROUGH ART AND TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $189,091 Revenue: $76,066

THE WALTER HIVE PROVIDES EDUCATIONAL PROGRAMS AND DIRECT SERVICES TO ASSIST OUR COMMUNITY PARTNERS TO SERVE THE POPULATIONS WHO ARE MOST AT RISK IN UNDERSERVED COMMUNITIES. WE ALSO PARTNER WITH THOSE ORGANIZATIONS WHO ADDRESS THE NEEDS OF INDIVIDUALS WHO HAVE A CHRONIC ILLNESS OR PHYSICAL DISABILITY. OUR COMMITMENT IS TO INVEST OVER 50 OF OUR OPERATING BUDGET TO PROVIDE THESE NECESSARY PROGRAMS WHICH IMPACT THE ARIZONA COMMUNITY. OUR PRIMARY GOAL WITH THESE POPULATIONS IS POSITIVE OUTCOMES FOR BUILDING RESILIENCE FOR THE CHRONICALLY ILL AND MENTORSHIP IN DEVELOPING THE SKILLS FOR CAREER EXPLORATION THROUGH ARTS AND STEM EDUCATION. DURING 2023, WE DOUBLED THE NUMBER OF WORKSHOP PARTICIPANTS, INCREASED VOLUNTEER HOURS BY 84, AND EXPANDED OUR WORKSHOPS OFFERED BY 9.

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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 $50,436

Program Service Revenue $70,988

Investment Income $-3,007

Other Revenue $5,078

TOTAL REVENUE $123,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,055

Fundraising Expenses $14,184

Program Expenses $189,091

Other Expenses $75,347

TOTAL EXPENSES $254,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,495	$155,901	-0.2%
Expenses	$254,402	$345,863	-0.3%
Net Income	$-130,907	$-189,962	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$75,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE HAWS	EXECUTIVE DIRECTOR	040.00	Officer	$72,692	$3,098	$75,790
KIRK B STRAWN	CHAIR FROM 10/2023	010.00	Officer Director	$0	$0	$0
JESSIE BECK	DIRECTOR	002.00	Director	$0	$0	$0
ANITA LANG	DIRECTOR	002.00	Director	$0	$0	$0
DARREN JEFFRIES	DIRECTOR	002.00	Director	$0	$0	$0
DAVE EDWARDS MD	DIRECTOR	002.00	Director	$0	$0	$0
SETH PHILBIN	DIRECTOR	002.00	Director	$0	$0	$0
JENNIFER ERICKSON	TREASURER THRU 12/2023	010.00	Officer Director	$0	$0	$0
MARY STRAWN	CHAIR THRU 10/2023	010.00	Officer 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
2023	$123,495	$254,402	$174,872	$-130,907
2022	$155,901	$345,863	$284,204	$-189,962
2021	$28,712	$321,178	$529,546	$-292,466
2020	$35,145	$230,799	$785,502	$-195,654
2019	$32,189	$260,369	$981,542	$-228,180
2018	$24,116	$224,921	$1,210,466	$-200,805