SIDEXSIDE 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

2023

Legal Domicile

Principal Officer

CHAD JORDAN

Phone

9185279262

Tax Period

2023-01-01 to 2023-12-31

SIDEXSIDE INC, founded in 2023, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $941K left a modest 7% surplus.

Mission

AT SIDEXSIDE, WE GET TO STAND NEXT TO INDIVIDUALS WHO HAVE EXPERIENCED BARRIERS IN LIFE AND NEED TO EARN HIGHER INCOME FOR THEIR FAMILIES, SUCH THAT THEY CAN MAINTAIN HOUSING STABILITY AND PURSUE ECONOMIC SELF-SUFFICIENCY. WE'RE A BRIDGE TO WHAT ALREADY EXISTS. WE SIMPLY GET TO CONNECT THE PIECES BY STANDING SIDE-BY-SIDE WITH THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $830,426

PARTICIPANTS IN THE CAREER TRAINING AND PLACEMENT SERVICE PROGRAM SPEND NINE-WEEKS RECEIVING INTENSIVE POWER SKILLS TRAINING FROM TEN PLUS LOCAL AND NATIONAL CURRICULUM PARTNERS. DURING THIS TIME...

PARTICIPANTS IN THE CAREER TRAINING AND PLACEMENT SERVICE PROGRAM SPEND NINE-WEEKS RECEIVING INTENSIVE POWER SKILLS TRAINING FROM TEN PLUS LOCAL AND NATIONAL CURRICULUM PARTNERS. DURING THIS TIME, EACH PARTICIPANT IS EMBEDDED IN ONE OF OUR LOCAL PARTNERS FOR A CURATED "EARN & LEARN" DYNAMIC, ALLOWING THEM TO PUT ELEVATED SKILLS TO REAL WORLD PRACTICE WHILE THE EMPLOYER CAN ASSESS THESE SKILLS AND THE POSSIBILITY OF A LONG-TERM FIT. 2023 OUTCOMES FROM THIS PROGRAM INCLUDE: 35 PEOPLE SERVED WITH A RATIO OF 20% BLACK/AFRICAN AMERICAN, 17% HISPANIC/LATINO, 9% NATIVE AMERICAN, 46% CAUCASIAN/WHITE, AND 3% ASIAN. 86% OF PARTICIPANTS RECEIVED STATE BENEFITS UPON ENTRY, 89% STRUGGLED TO PAY MONTHLY BILLS UPON ENTRY, 86% HAD DIFFICULTY PAYING RENT UPON ENTRY, AND 69% REPORTED FOOD INSECURITY UPON ENTRY. THE PROGRAM ENDED WITH AN 83% GRADUATION RATE WITH 77 COMMUNITY REFERRALS INTO THE PROGRAM, 194 EDUCATION CERTIFICATES EARNED, AND A 90% CAREER PLACEMENT RATE OUT OF THE PROGRAM.

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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 $1,013,348

Program Service Revenue $0

Investment Income $1,104

Other Revenue $0

TOTAL REVENUE $1,014,452

Expense Breakdown

Grants Paid $93,325

Salaries & Benefits $325,091

Fundraising Expenses $0

Program Expenses $830,426

Other Expenses $522,107

TOTAL EXPENSES $940,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,014,452	N/A	N/A
Expenses	$940,523	N/A	N/A
Net Income	$73,929	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

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

$61,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA ROSE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GINNY BASS CARL	GOVERNANCE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS FLEMING	TREASURER	2.00	Officer Director	$0	$0	$0
KIM BANDY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDSAY LAIRD	SECERTARY	2.00	Officer Director	$0	$0	$0
KEVIN CHAD JORDAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$57,692	$4,200	$61,892

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	$1,014,452	$940,523	$73,929	$73,929