NORTHWEST COLLABORATIVE CENTER

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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

YONGWOON CHUNG

Phone

2063496421

Tax Period

2024-01-01 to 2024-12-31

NORTHWEST COLLABORATIVE CENTER, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $36K in total revenue in fiscal year 2024. The organization ran a surplus of $11K, a strong 32% operating margin.

Mission

Northwest Collaborative Center (NWCC) is a nonprofit organization dedicated to advancing educational and charitable opportunities for underserved youth by providing free music education and academic support.

Program Service Accomplishments

Program 1

Expenses: $24,568 Revenue: $35,940

During the year, Northwest Collaborative Center (NWCC) continued its mission to improve the lives of economically and socially disadvantaged youth through free educational and musical programming...

During the year, Northwest Collaborative Center (NWCC) continued its mission to improve the lives of economically and socially disadvantaged youth through free educational and musical programming. The organization provided weekly, no-cost music lessons to young people in the community, including those with autism spectrum disorder (ASD), helping them develop musical skills, social interaction, and confidence. Sessions were conducted by volunteers, including the organizations founder and community members, fostering a spirit of mentorship and community service.

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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 $35,940

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,568

Other Expenses $24,568

TOTAL EXPENSES $24,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,940	N/A	N/A
Expenses	$24,568	N/A	N/A
Net Income	$11,372	N/A	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

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

$12,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YONGWOON CHUNG	PRESIDENT	0.00	Officer	$6,240	$0	$6,240
JEONGWON HYUN	TREASURER	0.00	Officer	$6,240	$0	$6,240

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	$35,940	$24,568	$29,177	$11,372