Sb Works

Nonprofit profile at a glance

EIN
473838493
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Location
Washington, DC, USA
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Support N.E.C.

Official website

Reported finances

Revenue
$915,001
Expenses
$666,197
Assets
$536,006
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • John Mains (Executive Director)

Highest reported compensation

  • John Mains (Executive Director): $103,699 total reported compensation
  • Thomas Litke (Grants Administrator): $91,376 total reported compensation
  • Micah Feinstein (Program Specialist): $65,999 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

SB Works is a non-profit organization devoted to the protection and promotion of small businesses and the improvement of local economies. Our mission is to find smart, progressive, and efficient ways to help communities increase their economic and social resiliency by strengthening the roles of their small businesses and self-employed residents.

What it reported doing in 2023

Small Business Technical Service involves the assistance of small businesses through coaching, consulting, and training services, in classes and one on one. Grant funding was the primary source of revenue with minimal fee for service revenue, approximately 125 businesses assisted in the Washington DC area

Operating model

Revenue model
Grant-funded. 99% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Accountability: 91
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 90.7%; rating input score 91
  • Fundraising efficiency: $250.95 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 27.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 43.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 12.9% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 22% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 66.1% of revenue deployed · 90.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $661K in reported program spending
  • Leadership: top reported pay $104K · 4 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.