Inspiring Minds of New York City Inc (EIN 352646735) - 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

2019

Legal Domicile

Principal Officer

Katrena Perou

Phone

5163753703

Tax Period

2025-01-01 to 2025-06-30

Inspiring Minds of New York City Inc, founded in 2019, is a community nonprofit in the Youth Development sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $534K, a strong 29% operating margin.

Mission

TO ENGAGE INSPIRE AND EMPOWER YOUTH TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION AND EXPOSURE TO LIFE CHANGING EXPERIENCES.

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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 $1,840,821

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,840,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,444

Fundraising Expenses $0

Program Expenses $1,217,812

Other Expenses $928,416

TOTAL EXPENSES $1,306,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,840,821	$2,206,768	-0.2%
Expenses	$1,306,860	$1,658,276	-0.2%
Net Income	$533,961	$548,492	0.0%

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

$86,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katrena Perou	Executive Dir.	40.00	Officer	$80,500	$6,204	$86,704
Sharleen Morris	Chairman	1.00	Officer Director	$0	$0	$0
Renee K Smith	Co-Chairmain	1.00	Officer Director	$0	$0	$0
Tabari Bomani	Secretary	1.00	Officer Director	$0	$0	$0
Jordan Weiss	Director	1.00	Director	$0	$0	$0
Suhui Won	Director	1.00	Director	$0	$0	$0
Duane Kinnon	Director	1.00	Director	$0	$0	$0
Sheridan Jack-Brown	Director	1.00	Director	$0	$0	$0
Nicole Anaejinou	Director	1.00	Director	$0	$0	$0
Marquitta Speller	Director	1.00	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	$1,840,821	$1,306,860	$2,264,881	$533,961
2024	No data	No data	No data	No data
2023	$1,762,861	$1,055,448	$1,364,185	$707,413
2022	$502,990	$443,928	$364,011	$59,062
2021	$414,582	$222,844	$295,837	$191,738
2020	$219,515	$125,416	$105,767	$94,099

Inspiring Minds of New York City Inc