Evolve Mentoring (EIN 275203014) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

Tolulope OmoKaiye

Phone

9197928352

Tax Period

2022-01-01 to 2022-12-31

Evolve Mentoring, founded in 2011, is a small nonprofit in the Education sector that reported $101K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $133K exceeded revenue, resulting in a 32% operating deficit.

Mission

To assist young adults in the preparation of life after graduation through education and exposure to better financial, social, health & fitness choices, professional development, and mentoring.

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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 (2022)

Revenue Breakdown

Contributions & Grants $100,977

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,879

Fundraising Expenses $0

Program Expenses $23,578

Other Expenses $88,533

TOTAL EXPENSES $133,412

Year-over-Year Comparison

	2022	2021	Change
Revenue	$100,977	$144,510	-0.3%
Expenses	$133,412	$145,020	-0.1%
Net Income	$-32,435	$-510	+62.6%

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

$41,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tolulope Omokaiye	Executive Director	40.00	Director	$41,333	$0	$41,333
Tonya Locklear	Member	1.00	Director	$0	$0	$0
Vernessa Hoffman	Member	1.00	Director	$0	$0	$0
Devin Graham	Chair	2.00	Officer	$0	$0	$0
Fredrick Ravin III	Treasurer	1.00	Officer	$0	$0	$0
Tameka Reed	Secretary	1.00	Officer	$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
2022	$100,977	$133,412	$17,784	$-32,435
2021	$144,510	$145,020	$43,561	$-510
2020	$202,505	$167,878	$60,142	$34,627

Evolve Mentoring