HWD ON SECOND INC

EIN: 933819976 501(c)(3) Community Improvement

FLINT, MI

Total Revenue
$17,527,581
Total Expenses
$13,810
Total Assets
$26,187,067
Net Assets
$19,892,553
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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
MI
Phone
8102385555
Tax Period
2024-01-01 to 2024-12-31

HWD ON SECOND INC, founded in 2023, is a mid-sized nonprofit in the Community Improvement sector that reported $17.5M in total revenue in fiscal year 2024. Revenue surged 663% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.5M, a strong 100% operating margin.

Mission

SUPPORTING THE UPTOWN REINVESTMENT CORPORATION (501(C)(3) ORGANIZATION) IN ITS MISSION OF PROMOTING ECONOMIC GROWTH AND DEVELOPMENT IN DOWNTOWN, FLINT, MICHIGAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,141,483
Program Service Revenue $0
Investment Income $386,098
Other Revenue $0
TOTAL REVENUE $17,527,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $13,810
TOTAL EXPENSES $13,810

Year-over-Year Comparison

2024 2023 Change
Revenue $17,527,581 $2,298,576 +6.6%
Expenses $13,810 N/A N/A
Net Income $17,513,771 $2,298,576 +6.6%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN STOCK SECRETARY/DIRECTOR 0.3
Officer Director
$0 $0 $0
STEPHANIE FENTON TREASURER/DIRECTOR 0.3
Officer Director
$0 $0 $0
TIM HERMAN PRESIDENT/DIRECTOR 0.3
Officer Director
$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 $17,527,581 $13,810 $26,187,067 $17,513,771
2023 $2,298,576 No data $2,368,348 No data
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