UP BUSINESS CAPITAL

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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

2002

Legal Domicile

Principal Officer

ELIZABETH SANGALLI

Phone

9062285571

Tax Period

2023-01-01 to 2023-12-31

UP BUSINESS CAPITAL, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $47K exceeded revenue, resulting in a 108% operating deficit.

Mission

TO PROVIDE TAILORED BUSINESS SOLUTIONS TO ADVANCE AND CONNECT RURAL ECONOMIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $29,594 Revenue: $22,291

PROVIDED AFFORDABLE ACCESS TO CAPITAL TO RURAL UNDERSERVED MARKETS FROM THE CORPORATION'S REVOLVING LOAN FUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,291

Investment Income $64

Other Revenue $0

TOTAL REVENUE $22,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,594

Other Expenses $46,592

TOTAL EXPENSES $46,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,355	$35,049	-0.4%
Expenses	$46,592	$48,790	0.0%
Net Income	$-24,237	$-13,741	+0.8%

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

$325,262

Total Directors

$450,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH SANGALLI	PRESIDENT, B	1.00	Officer Director	$0	$17,730	$193,930
CHARLES H HURST	BOARD SECRET	1.00	Officer Director	$0	$10,547	$131,332
ALFRED JOYAL III	BOARD DIRECT	0.02	Director	$0	$0	$0
CAROL JOHNSON	BOARD DIRECT	0.02	Director	$0	$0	$0
WES MAURER JR	BOARD DIRECT	0.02	Director	$0	$0	$0
PETER GRAVES	BOARD DIRECT	0.02	Director	$0	$0	$0
BRIAN SHERIDAN	BOARD DIRECT	0.02	Director	$0	$0	$0
THOMAS VEAR	BOARD DIRECT	0.02	Director	$0	$0	$0
JILL MILLER	BOARD DIRECT	1.00	Director	$0	$32,996	$125,306

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	No data	No data
2023	$22,355	$46,592	$604,836	$-24,237
2022	$35,049	$48,790	$679,908	$-13,741
2021	$47,133	$73,865	$686,201	$-26,732
2020	$53,375	$92,965	$769,229	$-39,590
2019	$54,559	$42,746	$864,555	$11,813
2018	$56,271	$22,065	$907,983	$34,206