IRONWORKZ CORPORATION (EIN 922093136) - Form 990 Financial Analysis & Trantor Score

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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

Faith Spencer

Phone

2197419895

Tax Period

2023-01-01 to 2023-12-31

IRONWORKZ CORPORATION, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $8K in total revenue in fiscal year 2023. The organization ran a surplus of $2K, a strong 24% operating margin.

Mission

IronWorkz Corporation is dedicated to fostering equity in underserved communities through comprehensive support for entrepreneurial development. Our mission is to bridge knowledge and resource gaps, driving community revitalization, engagement, and economic growth. We believe in providing equitable opportunities for success and aim to become a vital pillar in these communities, enriching the lives of individuals who live and work there. As a charitable business incubator, IronWorkz empowers and enhances entrepreneurial journeys, offering guidance and community resources to those pursuing entrepreneurship as a pathway to success alongside traditional avenues of education and employment.

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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 $6,650

Program Service Revenue $1,386

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,036

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,069

Other Expenses $5,969

TOTAL EXPENSES $6,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,036	N/A	N/A
Expenses	$6,069	N/A	N/A
Net Income	$1,967	$0	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

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
FAITH SPENCER	CHIEF EXECUTIVE OFFICER	60	Officer	$0	$0	$0
EMMANI ELLIS	CHEIF OPERATING OFFICER	60	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
2023	$8,036	$6,069	$1,957	$1,967

IRONWORKZ CORPORATION