EMBARC 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

2010

Legal Domicile

Principal Officer

MICHAEL MULLARKEY

Phone

7732701175

Tax Period

2024-07-01 to 2025-06-30

EMBARC INC, founded in 2010, is a community nonprofit in the Youth Development sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $4.1M exceeded revenue, resulting in a 43% operating deficit.

Mission

EMBARC, INC. IS AN ORGANIZATION WHICH INCREASES ACADEMIC SUCCESS FOR LOW INCOME HIGH SCHOOL STUDENTS BY IMMERSING THEM IN SOCIAL AND CULTURAL ENRICHMENT, CAREER DEVELOPMENT, LIFE SKILLS, AND ACADEMIC SUPPORT SERVICES. THE ORGANIZATION USES A SYSTEMATIC AND LONG-TERM MODEL THAT EXTENDS THROUGH THE COURSE OF A STUDENT'S HIGH SCHOOL CAREER.

Program Service Accomplishments

Program 1

Expenses: $2,536,257 Revenue: $201,860

EMBARC IS A HIGH SCHOOL PROGRAM THAT PROVIDES COMMUNITY-DRIVEN, EXPERIENCED-BASED LEARNING OPPORTUNITIES TO LOW-INCOME HIGH SCHOOL STUDENTS TO INSPIRE AND PREPARE THEM FOR POSTSECONDARY SUCCESS.

Program 2

Expenses: $7,002

POST-SECONDARY INITIATIVE IS AIMED AT GUIDING SENIORS AND RECENT GRADUATES INTO AND THROUGH THEIR FIRST YEAR OF COLLEGE. THIS INCLUDES ADVISEMENT AROUND COLLEGE AND PATHWAY FIT, SUPPORT WITH THE...

POST-SECONDARY INITIATIVE IS AIMED AT GUIDING SENIORS AND RECENT GRADUATES INTO AND THROUGH THEIR FIRST YEAR OF COLLEGE. THIS INCLUDES ADVISEMENT AROUND COLLEGE AND PATHWAY FIT, SUPPORT WITH THE POST-SECONDARY PROCESS, AND ESTABLISHING PARTNERSHIPS WITH KEY INSTITUTIONS AND PROGRAMS THAT TARGET AND ADVOCATE FOR LOW-INCOME, FIRST GENERATION STUDENTS. ONCE OUR SENIORS GRADUATE FROM HIGH SCHOOL, EMBARC CONTINUES TO OFFER A RANGE OF SERVICES SUCH AS: QUARTERLY ALUMNI EVENTS, MENTORING OPPORTUNITIES, ASSISTANCE WITH FAFSA AND OTHER COLLEGE/JOB RELATED APPLICATIONS, AS WELL AS MONETARY SUPPORT FOR TEXTBOOKS, COLLEGE FEES AND OTHER NEEDS TO ENSURE PERSISTENCE.

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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 $2,526,267

Program Service Revenue $201,860

Investment Income $114,694

Other Revenue $-6,531

TOTAL REVENUE $2,836,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,945,113

Fundraising Expenses $984,895

Program Expenses $2,543,259

Other Expenses $1,109,496

TOTAL EXPENSES $4,054,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,836,290	$2,778,891	+0.0%
Expenses	$4,054,609	$4,693,059	-0.1%
Net Income	$-1,218,319	$-1,914,168	-0.4%

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

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

$481,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IMRAN KHAN	CHIEF EXECUTIVE OFFICER - TERM	40.00	Officer	$213,645	$8,680	$222,325
AMANDA LONG	EXECUTIVE DIRECTOR - TERM	40.00	Officer	$178,176	$7,272	$185,448
AMY BESIDA	CHIEF PROGRAM OFFICER	40.00	Highest	$131,575	$5,268	$136,843
THOMAS GOODWIN	DIRECTOR OF DATA AND ANALYTICS	40.00	Highest	$111,068	$4,460	$115,528
ANDREW ZALLAR	DIRECTOR OF FINANCE	40.00	Officer	$70,554	$2,942	$73,496
MICHAEL MULLARKEY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$0	$0	$0
DAVID SLADE	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$0	$0	$0
LYNN JERATH	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DAVID ALLOCCO	BOARD MEMBER	4.00	Director	$0	$0	$0
SHAYNE EVANS	BOARD MEMBER	4.00	Director	$0	$0	$0
ALEX JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TELLEF LUNDEVALL	BOARD MEMBER	4.00	Director	$0	$0	$0
LINDSEY SHAW	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIA STASCH	BOARD MEMBER	2.00	Director	$0	$0	$0
LONNIE THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY TOUSI	BOARD MEMBER	4.00	Director	$0	$0	$0
LISA WHEELER	BOARD MEMBER	2.00	Director	$0	$0	$0
NELLY PITOCCO	BOARD MEMBER	4.00	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
2025	$2,836,290	$4,054,609	$3,258,399	$-1,218,319
2024	$2,778,891	$4,693,059	$4,429,247	$-1,914,168
2023	$5,898,167	$4,106,495	$6,305,372	$1,791,672
2022	$3,839,352	$3,155,713	$4,540,107	$683,639
2021	$3,542,652	$1,951,923	$4,038,402	$1,590,729
2020	$2,698,499	$2,089,726	$2,413,877	$608,773
2019	$2,462,530	$1,852,361	$1,586,230	$610,169
2018	$1,751,119	$1,681,424	$1,067,323	$69,695