PROMYS FOUNDATION

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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

GLENN STEVENS

Phone

6173532563

Tax Period

2024-01-01 to 2024-12-31

PROMYS FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $541K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $949K exceeded revenue, resulting in a 75% operating deficit.

Mission

ALL ACTIVITIES OF THE PROMYS FOUNDATION ARE DESIGNED TO SERVE A SINGLE PURPOSE: TO SUPPORT THE NON-PROFIT PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS (PROMYS) WHOSE MISSION IS FINDING AND NURTURING TALENT IN MATHEMATICS. THE PROMYS PROGRAM IS A PROGRAM OF BOSTON UNIVERSITY, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 170(B)(I)(A)(II). THE ACTIVITIES OF THE PROMYS FOUNDATION WILL CENTER ON FUNDRAISING WITH THE PRIMARY GOAL BEING TO PROVIDE FUNDS TO PROMYS TO FUND STUDENT SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $938,054

THE PROMYS FOUNDATION WAS DELIGHTED TO FUND $905,748 IN MISSION-RELATED ACTIVITIES IN 2024 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 24 STUDENTS AT PROMYS 2024. THIRTEEN FULL SCHOLARSHIPS...

THE PROMYS FOUNDATION WAS DELIGHTED TO FUND $905,748 IN MISSION-RELATED ACTIVITIES IN 2024 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 24 STUDENTS AT PROMYS 2024. THIRTEEN FULL SCHOLARSHIPS WERE AWARDED INCLUDING THE BREAKOUT FELLOWSHIP AND JANE STREET FELLOWSHIPS. 38% OF ALL FINANCIAL AID RECIPIENTS IN 2024 HAD FAMILY INCOMES UNDER $41,000 A YEAR. EIGHTY-TWO HIGH SCHOOL STUDENTS, 23 UNDERGRADUATE COUNSELORS, AND 2 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2024 ON THE CAMPUS OF BOSTON UNIVERSITY. THANKS TO GENEROUS SUPPORT FROM THE POLYNERA FUND AND JANE STREET, PROMYS FOUNDATION HELPED FUND PROMYS PATHWAYS AND PROMYS FOR TEACHERS, BOTH RUN AT BOSTON UNIVERSITY.PROMYS WAS EXCITED TO RUN THE 2ND SUMMER OF PROMYS INDIA IN 2024 IN PARTNERSHIP WITH THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. TWENTY-EIGHT HIGH SCHOOL STUDENTS AND NINE COUNSELORS PARTICIPATED. PROMYS INDIA 2024 WAS FREE FOR ALL STUDENTS THANKS TO GENEROUS SUPPORT FROM OUR PARTNERS AND DONORS. THE FOUNDING SPONSORS OF PROMYS INDIA ARE NICK NASH & PHALGUN RAJU, AVI AND SANDRA NASH, AND THE INDIRA FOUNDATION. WE ARE ALSO VERY GRATEFUL FOR THE GENEROSITY OF THE PACKARD FOUNDATION, JANE STREET, AND SQUAREPOINT FOUNDATION.

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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 $475,169

Program Service Revenue $0

Investment Income $65,717

Other Revenue $0

TOTAL REVENUE $540,886

Expense Breakdown

Grants Paid $905,748

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $938,054

Other Expenses $43,056

TOTAL EXPENSES $948,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,886	$977,797	-0.4%
Expenses	$948,804	$493,575	+0.9%
Net Income	$-407,918	$484,222	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GREENE RESIGNED 111025	TRUSTEE	1.00	Director	$0	$0	$0
GLENN STEVENS	TREASURER	1.00	Officer Director	$0	$0	$0
WAN-YIN WU	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARJORY BARUCH	VICE PRESIDENT 2024 / PRESIDENT ELECT 11 10 25	1.00	Officer Director	$0	$0	$0
HENRY COHN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL KING	TRUSTEE	1.00	Director	$0	$0	$0
ILA VARMA	TRUSTEE	1.00	Director	$0	$0	$0
CAMERON FREER	TRUSTEE	1.00	Director	$0	$0	$0
CALEB SHOR	TRUSTEE	1.00	Director	$0	$0	$0
LI-MEI LIM	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA TUCKER	TRUSTEE	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
2024	$540,886	$948,804	$1,548,919	$-407,918
2023	$977,797	$493,575	$1,946,644	$484,222
2022	$867,128	$404,975	$1,448,389	$462,153
2021	$438,814	$158,756	$1,024,658	$280,058
2020	$403,554	$282,323	$755,442	$121,231
2019	$435,420	$348,978	$603,587	$86,442
2018	$423,852	$381,327	$487,163	$42,525