THINKWATTS FOUNDATION (EIN 832224841) - 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

2018

Legal Domicile

Principal Officer

BRANDON SALAAM-BAILEY

Phone

3107569619

Tax Period

2023-01-01 to 2023-12-31

THINKWATTS FOUNDATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $871K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE PRIMARY FOCUS ON COMMUNITY GRASSROOTS ACTIVATIONS ALONG WITH DEVELOPING FINANCIAL LITERACY PROGRAMS, PROGRAM DEVELOPMENT, LOCAL REFURBISHMENTS, TOOLS, EQUIPMENT, AND SUPPLIES FOR STUDENTS, CUSTOM CONTAINER HOUSING SOLUTIONS, AND CHARITABLE FUNDRAISING THROUGH ENTERTAINMENT INDUSTRY EFFORTS.

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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 $871,160

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $871,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,957

Fundraising Expenses $0

Program Expenses $513,890

Other Expenses $652,943

TOTAL EXPENSES $1,001,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$871,160	$930,043	-0.1%
Expenses	$1,001,900	$642,127	+0.6%
Net Income	$-130,740	$287,916	-1.5%

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

N/A

Volunteers

N/A

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

$263,002

Total Directors

$263,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON SALAAM-BAILEY	CEO AND CORPORATE SECRETAR	40.00	Officer Director	$203,002	$0	$203,002
FELICIA USHER	CHIEF FINANCIAL OFFICER	40.00	Officer Director	$60,000	$0	$60,000

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	No data	No data	No data	No data
2023	$871,160	$1,001,900	$320,946	$-130,740
2023	No data	No data	No data	No data
2022	$930,043	$642,127	$451,686	$287,916
2021	$307,161	$196,955	$163,770	$110,206

THINKWATTS FOUNDATION