128 COLLECTIVE INITIATIVES 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

THOMAS PRESTON-WERNER

Phone

6508047100

Tax Period

2024-01-01 to 2024-12-31

128 COLLECTIVE INITIATIVES INC, founded in 2019, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $49K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 4550% operating deficit.

Mission

PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.

Program Service Accomplishments

Program 1

Expenses: $2,100,000

THE ORGANIZATION MAKES GRANTS TO PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR...

THE ORGANIZATION MAKES GRANTS TO PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.

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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 $0

Program Service Revenue $0

Investment Income $48,947

Other Revenue $0

TOTAL REVENUE $48,947

Expense Breakdown

Grants Paid $2,100,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,100,000

Other Expenses $175,862

TOTAL EXPENSES $2,275,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,947	$3,272,117	-1.0%
Expenses	$2,275,862	$1,162,908	+1.0%
Net Income	$-2,226,915	$2,109,209	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS PRESTON-WERNER	CO-PRESIDENT/DIRECTOR	0.40	Officer Director	$0	$0	$0
THERESA PRESTON-WERNER	CO-PRESIDENT/DIRECTOR	0.40	Officer Director	$0	$0	$0
TOM VAN LOBEN SELS	TREASURER/CO-SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$0
KATHLEEN GOSS	CO-SECRETARY	0.10	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
2024	$48,947	$2,275,862	$76,062	$-2,226,915
2023	$3,272,117	$1,162,908	$2,309,493	$2,109,209
2022	$490,763	$2,235,754	$209,497	$-1,744,991
2021	$3,490,733	$1,499,572	$2,006,182	$1,991,161
2020	$4,399	$1,059,020	$388,555	$-1,054,621
2019	$999,673	$4,462	$999,673	$995,211