HWD ON SECOND 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

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.

Program Service Accomplishments

Program 1

Expenses: $0

SUPPORT UPTOWN REINVESTMENT CORPORATION IN ITS MISSION BY DEVELOPING AND OWNING THE MSU EXPANSION BUILDING.

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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 $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

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
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