CLIMB HIRE INC

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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

2019

Legal Domicile

Principal Officer

SORBRIQUE GRANT

Phone

9704064275

Tax Period

2024-01-01 to 2024-12-31

CLIMB HIRE INC, founded in 2019, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $5.4M exceeded revenue, resulting in a 175% operating deficit.

Mission

Climb Hire's mission is to prepare diverse and determined adults for jobs in technology by teaching them in-demand skills as well as critical soft skills including relationship building and networking.

Program Service Accomplishments

Program 1

Expenses: $4,346,203 Revenue: $168,069

Climb Hires mission is to give determined adults the upper hand in their careers, even when life didnt give them a head start. Climb Hire prepares Climbers for jobs in technology by teaching them...

Climb Hires mission is to give determined adults the upper hand in their careers, even when life didnt give them a head start. Climb Hire prepares Climbers for jobs in technology by teaching them in-demand technical skills alongside evergreen people skills like relationship building and networking. Climb Hire has helped hundreds of Climbers build their professional networks, land higher paying jobs, and achieve long lasting career success.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,321,462

Program Service Revenue $168,069

Investment Income $415,187

Other Revenue $63,763

TOTAL REVENUE $1,968,481

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $2,490,433

Fundraising Expenses $257,437

Program Expenses $4,346,203

Other Expenses $2,787,234

TOTAL EXPENSES $5,417,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,968,481	$9,491,958	-0.8%
Expenses	$5,417,667	$5,764,811	-0.1%
Net Income	$-3,449,186	$3,727,147	-1.9%

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

$560,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NITZAN PELMAN-THRU 324	CEO	40.00	Officer	$288,513	$1,871	$290,384
SORBRIQUE GRANT-FROM 324	CEO	40.00	Officer	$259,350	$10,417	$269,767
MICHELLE BORNAZIAN	VP GROWTH	40.00		$147,832	$5,967	$153,799
KATHERINE SMALKIN	SR VP EMPLOYER PSH	40.00		$132,206	$5,313	$137,519
TJWANA DIXON	VP ALUMNI SUCCESS	40.00		$115,538	$4,296	$119,834
JONATHAN GARFINKEL	Chairman	0.25	Officer Director	$0	$0	$0
CLARENCE WOOTEN	Director	0.25	Director	$0	$0	$0
ANDREW BUHER	Director	0.25	Director	$0	$0	$0
KEN OLIVER	Director	0.25	Director	$0	$0	$0
ADAM BROITMAN	Director	0.25	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	$1,968,481	$5,417,667	$7,992,694	$-3,449,186
2023	$9,491,958	$5,764,811	$11,475,015	$3,727,147
2022	$3,566,705	$3,874,555	$7,731,932	$-307,850
2021	$7,989,034	$2,974,019	$8,148,253	$5,015,015
2020	$2,020,821	$467,117	$1,710,739	$1,553,704