TEK Collaborative Inc

EIN: 881212411 501(c)(3) Science & Technology

Amesbury, MA

Total Revenue
$221,205
Total Expenses
$205,903
Total Assets
$78,698
Net Assets
$74,998
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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
2022
Legal Domicile
MA
Principal Officer
Jeff Williams
Phone
9783784660
Tax Period
2023-01-01 to 2023-12-31

TEK Collaborative Inc, founded in 2022, is a small nonprofit in the Science & Technology sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 234% from the prior year, signaling strong growth momentum. Expenses of $206K left a modest 7% surplus.

Mission

The Organizations purpose is to acquire, refurbish and distribute computers, laptops, tablets, and other electronic devices to people in need.

Program Service Accomplishments

Program 1
Expenses: $161,966 Revenue: $79,510

Acquired, refurbished and distributed computers, laptops, tablets, and other electronic devices to people in need.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $141,695
Program Service Revenue $79,510
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,994
Fundraising Expenses $0
Program Expenses $161,966
Other Expenses $64,909
TOTAL EXPENSES $205,903

Year-over-Year Comparison

2023 2022 Change
Revenue $221,205 $66,138 +2.3%
Expenses $205,903 $6,442 +31.0%
Net Income $15,302 $59,696 -0.7%
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

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Governance

Voting Members
3
Independent Members
1
Employees
3
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
3
$95,250
Total Directors
3
$95,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Williams President 30.00
Officer Director
$95,250 $0 $95,250
Elizabeth Hockmeyer-Williams Treasurer 1.00
Officer Director
$0 $0 $0
Melissa Marrama Clerk 1.00
Officer 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 No data No data No data No data
2023 $221,205 $205,903 $78,698 $15,302
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