Good Works Collective

EIN: 934022972 501(c)(3) Employment

Houston, TX

Total Revenue
$862,682
Total Expenses
$493,896
Total Assets
$390,436
Net Assets
$368,786
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
David Ten Have
Phone
7137027881
Tax Period
2024-01-01 to 2024-12-31

Good Works Collective, founded in 2023, is a small nonprofit in the Employment sector that reported $863K in total revenue in fiscal year 2024. The organization ran a surplus of $369K, a strong 43% operating margin.

Mission

The Good Works Collective in partnership with area churches and volunteers serves those in the Houston area who live in economic, relational and spiritual poverty by providing tuition-free, personal, career and community development training. The 6 month program is designed to be life-changing and offers resources to develop the skills to succeed.

Program Service Accomplishments

Program 1
Expenses: $358,912

Life changing personal development program enhancing vocational and career hirability, spiritual, personal relationships and professional development to create generational change to 44 individuals...

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Life changing personal development program enhancing vocational and career hirability, spiritual, personal relationships and professional development to create generational change to 44 individuals participating during 2024.

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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 $858,288
Program Service Revenue $0
Investment Income $4,394
Other Revenue $0
TOTAL REVENUE $862,682

Expense Breakdown

Grants Paid $19,085
Salaries & Benefits $267,259
Fundraising Expenses $60,272
Program Expenses $358,912
Other Expenses $207,552
TOTAL EXPENSES $493,896

Year-over-Year Comparison

2024 2023 Change
Revenue $862,682 N/A N/A
Expenses $493,896 N/A N/A
Net Income $368,786 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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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
40

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
1
$94,804
Total Directors
3
$0
Key Employees
1
$94,804
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Ten Have President 040.00
Officer Key Emp
$71,519 $23,285 $94,804
Lewis Ten Have Director 005.00
Director
$0 $0 $0
Mark Semmelbeck Director 005.00
Director
$0 $0 $0
Mike Ozburn Director 005.00
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 $862,682 $493,896 $390,436 $368,786
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