HOSPITALITY IS WORKING INC

EIN: 882366510 Community Improvement

WASHINGTON, DC

Total Revenue
$286,500
Total Expenses
$552,364
Total Assets
$39,717
Net Assets
$-3,170
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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
DC
Principal Officer
KEVIN CAREY
Phone
2022893100
Tax Period
2023-01-01 to 2023-12-31

HOSPITALITY IS WORKING INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $552K exceeded revenue, resulting in a 93% operating deficit.

Mission

PROMOTE CAREERS IN THE HOSPITALITY IND. AND EDUCATE ABOUT POLICIES IMPACTING THE ECONOMY.

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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 $286,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $286,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $547,775
Other Expenses $552,364
TOTAL EXPENSES $552,364

Year-over-Year Comparison

2023 2022 Change
Revenue $286,500 $600,000 -0.5%
Expenses $552,364 $337,306 +0.6%
Net Income $-265,864 $262,694 -2.0%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARUN PATEL BOARD MEMBER 2.00
Director
$0 $0 $0
WALTER ISENBERG BOARD MEMBER 2.00
Director
$0 $0 $0
WILLIAM ROGERS PRESIDENT & CEO 2.00
Officer
$0 $0 $0
KEVIN CAREY CHIEF OPERATING OFFICER 2.00
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 No data No data No data No data
2023 $286,500 $552,364 $39,717 $-265,864
2022 $600,000 $337,306 $283,413 $262,694
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