Achieving Success on Purpose Inc

EIN: 460878912 501(c)(3) Education

Charlotte, NC

Total Revenue
$275,197
Total Expenses
$245,963
Total Assets
$89,196
Net Assets
$82,327
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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

Legal Domicile
NC
Phone
7042644761
Tax Period
2024-01-01 to 2024-12-31

Achieving Success on Purpose Inc is a small nonprofit in the Education sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $246K left a modest 11% surplus.

Mission

To help underserved youth, develop the emotional and social intelligence needed to counteract delinquency and refute negative social narratives.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $274,949
Program Service Revenue $0
Investment Income $0
Other Revenue $248
TOTAL REVENUE $275,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,223
Fundraising Expenses $0
Program Expenses $244,662
Other Expenses $168,740
TOTAL EXPENSES $245,963

Year-over-Year Comparison

2024 2023 Change
Revenue $275,197 $211,283 +0.3%
Expenses $245,963 $187,895 +0.3%
Net Income $29,234 $23,388 +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

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Governance

Voting Members
6
Independent Members
5
Employees
4
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
3
$13,682
Total Directors
6
$55,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nalo Coban Executive Dir. 30.00
Director
$41,922 $0 $41,922
Lori Brown Secretary 8.00
Officer Director
$13,482 $0 $13,482
Kareem Puranda Vice President 20.00
Officer Director
$200 $0 $200
Steve Durant President 8.00
Officer Director
$0 $0 $0
Michael Sherman Director 8.00
Director
$0 $0 $0
Treva Boone Director 8.00
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 $275,197 $245,963 $89,196 $29,234
2023 $211,283 $187,895 $43,757 $23,388
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