HIGHER WAGES LOWER RENT ALLIANCE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2024

Legal Domicile

Principal Officer

JOSEPH MURPHY

Phone

2134526565

Tax Period

2024-01-01 to 2024-12-31

HIGHER WAGES LOWER RENT ALLIANCE, founded in 2024, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 3% surplus.

Mission

THE ORGANIZATION SUPPORTS POLICIES THAT TAKE THE LEAD ON THE ISSUES WORKING PEOPLE MOST CARE ABOUT:HIGHER WAGES & LOWER RENT.WE SUPPORT GRASSROOTS POLITICS IN DISTRICTS WHERE WORKING PEOPLE LIVE, AND SUPPORT POLICY CAMPAIGNS TO GET WORKING PEOPLE INVOLVED IN LOCAL ISSUES THAT HAVE IMMEDIATE IMPACTS ON THEIR LIVES. WE DO THIS WITH THE HOPE OF IMPROVING THEIR CONNECTION TO AND PARTICIPATION IN ALL LEVELS OF THE POLITICAL PROCESS OVER TIME.

Program Service Accomplishments

Program 1

Expenses: $1,718,181 Revenue: $1,835,522

SUPPORTED CALIFORNIA STATE PROPOSITONS 32 (INCREASE MINIMUM WAGE) AND 32 (RENT CONTROL). OPPOSED CALIFORNIA STATE PROPOSITION 34 (PRESCRIPTION DRUG PRICES). ALSO SUPPORTED TWO CITY OF WEST HOLLYWOOD BALLOT MEASURES REGARDING SHORT TERM RENTALS AND HOTEL WORKER PROTECTION/MINIMUM WAGE. THE ORGANIZATION ALSO SERVED AS VENDOR TO CAMPAIGNS PROMOTING A NUMBER OF CANDIDATES WHO SUPPORT THE MISSION OF THE ORGANIZATION TO IMPROVE THE SOCIO-ECONOMIC CONDITIONS OF SOUTHERN CALIFORNIA WORKING FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,835,522

Investment Income $0

Other Revenue $342

TOTAL REVENUE $1,835,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,311,001

Fundraising Expenses $0

Program Expenses $1,718,181

Other Expenses $466,655

TOTAL EXPENSES $1,777,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,835,864	N/A	N/A
Expenses	$1,777,656	N/A	N/A
Net Income	$58,208	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

341

Volunteers

N/A

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
THOMAS WALSH GARCIA	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
CARLY KIRCHEN	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
JOSEPH MURPHY	TREASURER/DIRECTOR	1.00	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	$1,835,864	$1,777,656	$61,923	$58,208