VERGE 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

2008

Legal Domicile

Phone

2169054722

Tax Period

2024-01-01 to 2024-12-31

Mission

TO PROVIDE CHARITABLE OUTREACH PROGRAMS TO ECONOMICALLY AND SOCIALLY UNDERPRIVILEGED PERSONS IN THE AREAS OF ECONOMIC DEVELOPMENT, PERSONAL EMPOWERMENT, AND EDUCATIONAL ASSISTANCE.

Program Service Accomplishments

Program 1

TO PROVIDE CHARITABLE OUTREACH PROGRAMS TO ECONOMINCALLY AND SOCIALLY UNDERPRIVILEGED PERSONS IN THE AREAS OF ECONOMIC DEVELOPMENT, PERSONAL EMPOWERMENT, AND EDUCATIONAL ASSISTANCE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	$2,187	-1.0%
Net Income	N/A	$-2,187	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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
QUINTON MASSEY	TREASURER	1.00	Director	$0	$0	$0
SENEQUA RIVERS	SECRETARY	1.00	Director	$0	$0	$0
SHAUN WOODS	EXECUTIVE DIRECTOR	50.00	Key Emp	$0	$0	$0
LISA EVANS	ASSISTANT DIRECTOR	50.00	Key Emp	$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	No data	No data	$274,665	No data
2023	No data	$2,187	$274,665	No data
2022	No data	$6,868	$276,852	No data
2021	$773,710	$796,324	$283,720	$-22,614
2020	$738,839	$718,998	$287,047	$19,841
2019	$760,954	$695,936	$226,815	$65,018