EMERGENT WORKS INC (EIN 851197743) - 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

2020

Legal Domicile

Principal Officer

KENNITH ARMSTEAD

Phone

9172747965

Tax Period

2023-01-01 to 2023-12-31

EMERGENT WORKS INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 8% surplus.

Mission

WE IMAGINE A WORLD WHERE TECH LITERACY, EDUCATION, SKILLS-BASED TRAINING, AND EMPLOYMENT OPPORTUNITIES ARE FREE AND AVAILABLE TO COMMUNITIES IMPACTED BY MASS INCARCERATION.

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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 $2,301,444

Program Service Revenue $54,146

Investment Income $3,589

Other Revenue $40

TOTAL REVENUE $2,359,219

Expense Breakdown

Grants Paid $43,160

Salaries & Benefits $1,751,240

Fundraising Expenses $107,771

Program Expenses $1,426,717

Other Expenses $359,981

TOTAL EXPENSES $2,167,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,359,219	N/A	N/A
Expenses	$2,167,981	N/A	N/A
Net Income	$191,238	$0	N/A

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

$216,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSALIND ZAVRAS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ASHLEY CHEN	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERTO GOIZUETA	TREASURER	2.00	Officer Director	$0	$0	$0
JERONE HSU	DIRECTOR	2.00	Director	$0	$0	$0
KENNITH ARMSTEAD	EXECUTIVE DIRECTOR	40.00	Officer	$195,453	$20,684	$216,137
ELIJAH JOHNSON	DIRECTOR OF TECHNICAL EDUCATION	40.00	Highest	$112,201	$10,762	$122,963
ARIEL HERMAN	TECHNICAL PROGRAM MANAGER	40.00	Highest	$185,000	$6,120	$191,120
ELLE NEUBAUER	SWE II, FULL STACK TECH LEAD	40.00	Highest	$152,633	$20,084	$172,717
CAROLYN SY	SENIOR BACKEND ENGINEER	40.00	Highest	$199,185	$13,672	$212,857

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	$2,359,219	$2,167,981	$432,775	$191,238

EMERGENT WORKS INC