EMPIRICAL RESOLUTION INC

EIN: 462736440 501(c)(3) Education

NEW YORK, NY

Total Revenue
$6,961,854
Total Expenses
$5,203,929
Total Assets
$10,514,173
Net Assets
$9,622,101
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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
CT
Principal Officer
PETER GAULT
Phone
6464421095
Tax Period
2024-01-01 to 2024-12-31

EMPIRICAL RESOLUTION INC, founded in 2013, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 25% operating margin.

Mission

QUILL PROVIDES FREE ONLINE TOOLS TO HELP LOW-INCOME STUDENTS BECOME STRONG WRITERS.

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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 $5,383,944
Program Service Revenue $1,331,596
Investment Income $246,314
Other Revenue $0
TOTAL REVENUE $6,961,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,536,331
Fundraising Expenses $314,256
Program Expenses $4,203,824
Other Expenses $2,667,598
TOTAL EXPENSES $5,203,929

Year-over-Year Comparison

2024 2023 Change
Revenue $6,961,854 $4,364,704 +0.6%
Expenses $5,203,929 $4,966,748 +0.0%
Net Income $1,757,925 $-602,044 -3.9%
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
7
Independent Members
6
Employees
N/A
Volunteers
7

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
2
$312,098
Total Directors
8
$312,098
Key Employees
3
$662,097
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER GAULT EXECUTIVE DIRECTOR 60.00
Officer Director
$292,694 $19,404 $312,098
PAUL WALKER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BENJAMIN SUSSMAN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE COHEN DIRECTOR 1.00
Director
$0 $0 $0
HEEJAE LIM DIRECTOR 1.00
Director
$0 $0 $0
TONY SEBRO DIRECTOR 1.00
Director
$0 $0 $0
DAVID SIEGEL DIRECTOR (THRU MID DEC) 1.00
Director
$0 $0 $0
DANIEL DRABIK CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$254,221 $16,905 $271,126
HANNAH MONK VP OF CURRICULUM 40.00
Key Emp
$174,506 $6,600 $181,106
CHRISTINA COLLINS-BERRY VP OF PARTNERSHIP & PROFESSIONAL SERVICES 40.00
Key Emp
$192,167 $17,698 $209,865
THOMAS ROBERTSON SENIOR SOFTWARE ENGINEER II 40.00
Highest
$178,840 $14,767 $193,607
PETER SHARKEY PRINCIPAL PRODUCT MANAGER 40.00
Highest
$219,924 $1,799 $221,723
BRENDAN SHEAN STAFF SOFTWARE ENGINEER 40.00
Highest
$174,407 $16,193 $190,600
PETER KONG SENIOR SOFTWARE ENGINEER II 40.00
Highest
$164,048 $14,017 $178,065
MAHEEN SAHOO MANAGING DIRECTOR OF STRATEGIC PARTNERSHIPS 40.00
Highest
$184,846 $5,890 $190,736
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 $6,961,854 $5,203,929 $10,514,173 $1,757,925
2023 $4,364,704 $4,966,748 $8,839,719 $-602,044
2022 $6,347,316 $4,530,189 $9,282,372 $1,817,127
2021 $4,345,659 $4,405,499 $7,350,506 $-59,840
2020 $5,302,000 $3,267,164 $7,230,692 $2,034,836
2019 $4,064,793 $1,761,539 $4,905,004 $2,303,254
2018 $1,223,869 $888,664 $2,512,125 $335,205
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