HOSPITALITY IS WORKING 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

2022

Legal Domicile

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

THE CORPORATION IS ORGANIZED AND OPERATED TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF CODE SECTION 501(C)(4), INCLUDING BUT NOT LIMITED TO, ADVOCACY AND COMMUNICATIONS RELATED TO PUBLIC POLICIES THAT CREATE NEW JOB OPPORTUNITIES FOR LOCAL RESIDENTS, SUPPORT LOCAL COMMUNITIES, AND DRIVE ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

Expenses: $547,775 Revenue: $0

THE OBJECTIVE OF HOSPITALITY IS WORKING IS TO COMMUNICATE ABOUT THE OPPORTUNITIES TO WORK IN THE HOSPITALITY INDUSTRY AND THE POSITIVE IMPACT THE HOSPITALITY INDUSTRY HAS ON LOCAL ECONOMIES AND...

THE OBJECTIVE OF HOSPITALITY IS WORKING IS TO COMMUNICATE ABOUT THE OPPORTUNITIES TO WORK IN THE HOSPITALITY INDUSTRY AND THE POSITIVE IMPACT THE HOSPITALITY INDUSTRY HAS ON LOCAL ECONOMIES AND COMMUNITIES. THIS ORGANIZATION ALSO EDUCATES THE PUBLIC ABOUT WAYS TO MAKE IT MORE ACCESSIBLE FOR PEOPLE TO ENTER THE INDUSTRY. EDUCATES THE PUBLIC ABOUT THE CAREER TRAJECTORY THAT THIS INDUSTRY PROVIDES AS WELL AS THE HIGH WAGES, GREAT BENEFITS AND APPRENTICESHIP OPPORTUNITIES AVAILABLE TO THOSE IN THE INDUSTRY. HOSPITALITY IS WORKING AD CAMPAIGN RAN FROM JANUARY TO MAY 2023. IT WAS AN ADVOCACY CAMPAIGN FOCUSED ON PROMOTING CAREER OPPORTUNITIES IN THE HOSPITALITY INDUSTRY.

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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 $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

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
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