ADVENTUROUS MINDS PRODUCE EXTRAORD… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

DAVE W CHRISTOPHER SR

Phone

5028221953

Tax Period

2023-01-01 to 2023-12-31

ADVENTUROUS MINDS PRODUCE EXTRAORDINARY DREAMS INC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

AMPED LOCATED IN LOUISVILLE, KENTUCKY SEEKS TO BUILD GENERATIONAL WEALTH FOR FAMILIES AND ENTREPRENEURS IN MARGINALIZED COMMUNITIES BY CREATING SELF-SUFFICIENCY, ECONOMIC MOBILITY AND A MORE EQUITABLE SOCIETY. SERVICES FOCUS ON YOUTH PROGRAMMING, TEHCNOLOGY WORKFORCE TRAINING, AND SMALL BUSINESS INCUBATION.

Program Service Accomplishments

Program 1

Expenses: $602,745 Revenue: $40,971

AMPED PROVIDES A FREE, OUT-OF-SCHOOL TIME, MUSIC PROGRAM THAT IS AVAILABLE YEAR-ROUND. AMPED USES MUSIC AND TECHNOLOGY AS A CATALYST TO EMPOWER YOUTH AND THEIR FAMILIES TO WORK AS A TEAM, LEARN HOW TO EXPRESS THEMSELVES EFFECTIVELY, AND DEVELOP INTO HEALTHY, PRODUCTIVE MEMBERS OF THE COMMUNITY AND THE WORLD. THE ACADEMY HAS ONE CAMPUS IN THE WEST END AND ONE IN EAST DOWNTOWN.

Program 2

Expenses: $237,321

AMPED'S TECHNOLOGY WORKFORCE DEVELOPMENT PROGRAM AIMS TO ASSIST THE COMMUNITY WITH THE EDUCATION AND ENRICHMENT OF DIGITAL LITERACY EDUCATION AND PROVIDE THE NECESSARY TECHNOLOGY NEEDS TO GAIN ENTRY...

Program 3

Expenses: $1,296,358

AMPED'S RUSSELL TECH BUSINESS INCUBATOR (RTBI) IS A STATE-OF-THE-ART TECHNOLOGY SERVICE CENTER OFFERING BUSINESS INCUBATION, CAREER TRAINING AND EMPLOYMENT TARGETED TO THE BLACK AND LATINX...

AMPED'S RUSSELL TECH BUSINESS INCUBATOR (RTBI) IS A STATE-OF-THE-ART TECHNOLOGY SERVICE CENTER OFFERING BUSINESS INCUBATION, CAREER TRAINING AND EMPLOYMENT TARGETED TO THE BLACK AND LATINX COMMUNITIES LOCATED IN WEST AND SOUTH LOUISVILLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,170,871

Program Service Revenue $32,845

Investment Income $0

Other Revenue $279,636

TOTAL REVENUE $3,483,352

Expense Breakdown

Grants Paid $186,031

Salaries & Benefits $1,447,161

Fundraising Expenses $195,812

Program Expenses $2,186,781

Other Expenses $1,879,240

TOTAL EXPENSES $3,512,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,483,352	$7,407,733	-0.5%
Expenses	$3,512,432	$4,420,670	-0.2%
Net Income	$-29,080	$2,987,063	-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

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

$136,025

Total Directors