EDISON UNIVERSE 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

2012

Legal Domicile

Phone

7085860004

Tax Period

2024-01-01 to 2024-12-31

EDISON UNIVERSE INC, founded in 2012, is a small nonprofit in the Education sector that reported $390K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $455K exceeded revenue, resulting in a 17% operating deficit.

Mission

Edison Universe is dedicated to fostering, nurturing, developing and sponsoring curriculum, educational programs, events, media assets, etc. in support of innovation and innovators.As part of the mission listed above. Edison Universe has partnered with The Lewis Latimer Fellowship Program. There mission is to provide special access and mentorship to an exceptional small group of visionary innovators.The Latimer Fellowhsip Program's website is Latimer.com.

Program Service Accomplishments

Program 1

Expenses: $379,140

Current activities include the development of an on line portal that will promote and provide access to a vast library of learning resources made available by companies and organizations who are...

Current activities include the development of an on line portal that will promote and provide access to a vast library of learning resources made available by companies and organizations who are winners in an annual innovation awards program called Edison Awards. This content-rich resource will be promoted to K-12 educators and others who wish to instill curiosity and innovative thinking among their students. In addition, Edison Universe will solicit involvement of these same corporate partners to engage in hands-on learning activities, mentoring programs and other opportunities to bridge industry with these students.

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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 $606,334

Program Service Revenue $0

Investment Income $-7,047

Other Revenue $-209,604

TOTAL REVENUE $389,683

Expense Breakdown

Grants Paid $122,669

Salaries & Benefits $101,252

Fundraising Expenses $0

Program Expenses $379,140

Other Expenses $231,211

TOTAL EXPENSES $455,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$389,683	$276,745	+0.4%
Expenses	$455,132	$367,559	+0.2%
Net Income	$-65,449	$-90,814	-0.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BONAFILIA	President	40.00	Officer	$0	$0	$0
ROBIN MANES	Vice President	40.00	Officer	$0	$0	$0
FRANK BONAFILIA	Treasurer	40.00	Officer	$0	$0	$0
ANNA BONAFILA	Secretary	40.00	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
2024	$389,683	$455,132	$1,330,062	$-65,449
2023	$276,745	$367,559	$1,137,012	$-90,814
2022	$370,343	$448,788	$1,226,328	$-78,445
2021	$644,351	$450,201	$1,304,773	$194,150
2020	$1,245,262	$343,488	$1,110,623	$901,774
2019	$26,892	$393,303	$208,849	$-366,411
2018	$531,534	$420,603	$623,260	$110,931