PERKUP CORPORATION

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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

2013

Legal Domicile

Principal Officer

MICHELLE FORSELL

Phone

2156793336

Tax Period

2024-01-01 to 2024-12-31

PERKUP CORPORATION, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2024. Expenses of $47K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO GENERATE RESOURCES TO SUPPORT BUSINESS-RELATED EDUCATIONAL AND WORKFORCE DEVELOPMENT OPPORTUNITIES AS WELL AS OUTDOOR RECREATION AND NATURE TOURISM PROSPECTS IN THE UPPER PERKIOMEN VALLEY.

Program Service Accomplishments

Program 1

Expenses: $30,642

PERKUP HAS ESTABLISHED BUSINESS AND EDUCATION PARTNERSHIPS TO PROVIDE CAREER READINESS TRAINING AND FACILITY TOURS FOR HIGH SCHOOL STUDENTS, WORKPLACE EXPERIENCES FOR TEACHERS AND EDUCATIONAL...

PERKUP HAS ESTABLISHED BUSINESS AND EDUCATION PARTNERSHIPS TO PROVIDE CAREER READINESS TRAINING AND FACILITY TOURS FOR HIGH SCHOOL STUDENTS, WORKPLACE EXPERIENCES FOR TEACHERS AND EDUCATIONAL SCHOLARSHIPS. ADDITIONALLY, PERKUP CONTINUES TO PROMOTE OUTDOOR RECREATION, NATURE TOURISM, AND BUSINESS DEVELOPMENT.

Program 2

Expenses: $7,500

EDUCATIONAL SCHOLARSHIPS FOR AREA GRADUATES.

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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 $36,229

Program Service Revenue $0

Investment Income $286

Other Revenue $0

TOTAL REVENUE $36,515

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $23,384

Fundraising Expenses $1,064

Program Expenses $38,142

Other Expenses $16,496

TOTAL EXPENSES $47,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,515	$36,518	0.0%
Expenses	$47,380	$45,311	+0.0%
Net Income	$-10,865	$-8,793	+0.2%

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

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

$47,849

Total Directors