THE BIKE UNION MENTORING PROJECT

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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

2014

Legal Domicile

Principal Officer

MIAH SOMMER

Phone

4022385890

Tax Period

2024-01-01 to 2024-12-31

THE BIKE UNION MENTORING PROJECT, founded in 2014, is a small nonprofit in the Youth Development sector that reported $651K in total revenue in fiscal year 2024.

Mission

EMPOWER AT-RISK YOUTH BY PROVIDING THEM JOBS AND ESSENTIAL CORE-COMPETENCY SKILLS.

Program Service Accomplishments

Program 1

Expenses: $620,827 Revenue: $232,069

HIRED AND TRAINED ADDITIONAL AT-RISK YOUTHS DURING THE FISCAL YEAR. SOME EMPLOYEES WERE TRAINED TO FIX BIKES AND TAUGHT THE HEALTH AND ENVIRONMENTAL BENEFITS OF BICYCLING TO SHARE WITH THE PUBLIC...

HIRED AND TRAINED ADDITIONAL AT-RISK YOUTHS DURING THE FISCAL YEAR. SOME EMPLOYEES WERE TRAINED TO FIX BIKES AND TAUGHT THE HEALTH AND ENVIRONMENTAL BENEFITS OF BICYCLING TO SHARE WITH THE PUBLIC. OTHER EMPLOYEES WERE TAUGHT HOW TO BREW A CUP OF COFFEE AND THE VALUES OF CUSTOMER SERVICE.

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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 $418,883

Program Service Revenue $232,069

Investment Income $0

Other Revenue $0

TOTAL REVENUE $650,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,838

Fundraising Expenses $0

Program Expenses $625,768

Other Expenses $264,057

TOTAL EXPENSES $653,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,952	$618,423	+0.1%
Expenses	$653,895	$701,430	-0.1%
Net Income	$-2,943	$-83,007	-1.0%

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
BOBBY BRUMFIELD	BOARD MEMBER	N/A	Director	$0	$0	$0
ALEXANDER CAYETANO	BOARD MEMBER	N/A	Director	$0	$0	$0
MIAH SOMMER	BOARD MEMBER	N/A	Director	$0	$0	$0
JOHN SULLIVAN	BOARD MEMBER	N/A	Director	$0	$0	$0
SCHALISHA WALKER	BOARD MEMBER	N/A	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	$650,952	$653,895	$53,392	$-2,943
2023	$618,423	$701,430	$60,018	$-83,007
2022	$548,552	$573,518	$137,783	$-24,966
2021	$557,050	$439,919	$169,263	$117,131
2020	$221,515	$404,132	$102,058	$-182,617
2019	$422,976	$427,786	$228,499	$-4,810
2018	$316,052	$329,269	$232,921	$-13,217