HIGHER WORKS COLLABORATIVE (EIN 830930283) - 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

Principal Officer

JAMES ALBERTS II

Phone

3207741588

Tax Period

2022-10-01 to 2023-09-30

HIGHER WORKS COLLABORATIVE, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $372K in total revenue in fiscal year 2022.

Mission

COMMUNITY DEVELOPMENT ORGANIZATION WITH A FOCUS ON BIPOC (BLACK INDIGENOUS PEOPLE OF COLOR).

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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 (2022)

Revenue Breakdown

Contributions & Grants $352,980

Program Service Revenue $19,401

Investment Income $0

Other Revenue $0

TOTAL REVENUE $372,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,983

Fundraising Expenses $36,928

Program Expenses $255,285

Other Expenses $214,905

TOTAL EXPENSES $387,888

Year-over-Year Comparison

	2022	2021	Change
Revenue	$372,381	$371,803	+0.0%
Expenses	$387,888	$465,130	-0.2%
Net Income	$-15,507	$-93,327	-0.8%

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

$45,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATOYIA ALBERTS	EXEC ADMINIS	40.00	Officer	$37,671	$0	$37,671
BUDDY KING	OPERATIONS D	40.00	Officer	$8,305	$0	$8,305
JAMES ALBERTS II	EXECUTIVE DI	40.00	Officer	$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
2023	$372,381	$387,888	$363,877	$-15,507
2022	$371,803	$465,130	$13,719	$-93,327
2021	$293,122	$211,461	$105,247	$81,661

HIGHER WORKS COLLABORATIVE