ENTREPRENEURSHIP FOR ALL INC

EIN: 471858182 501(c)(3) Community Improvement

LOWELL, MA

Total Revenue
$6,769,180
Total Expenses
$11,919,916
Total Assets
$4,039,285
Net Assets
$3,232,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Principal Officer
MERALIS HOOD
Phone
8333367255
Tax Period
2024-01-01 to 2024-12-31

ENTREPRENEURSHIP FOR ALL INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 76% operating deficit.

Mission

TO ACCELERATE ECONOMIC & SOCIAL IMPACT IN COMMUNITIES NATIONWIDE THROUGH INCLUSIVE ENTREPRENEURSHIP.

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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 $6,610,607
Program Service Revenue $0
Investment Income $156,808
Other Revenue $1,765
TOTAL REVENUE $6,769,180

Expense Breakdown

Grants Paid $532,719
Salaries & Benefits $9,595,020
Fundraising Expenses $838,491
Program Expenses $8,052,564
Other Expenses $1,792,177
TOTAL EXPENSES $11,919,916

Year-over-Year Comparison

2024 2023 Change
Revenue $6,769,180 $8,580,906 -0.2%
Expenses $11,919,916 $9,470,345 +0.3%
Net Income $-5,150,736 $-889,439 +4.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
104
Volunteers
894

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
7
$1,289,530
Total Directors
10
$312,786
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MERALIS HOOD CEO/PRESIDENT 40.00
Officer Director
$293,345 $19,441 $312,786
GAIL GOODMAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SERVJEET BHACHU DIRECTOR/TREASURER/CLERK 1.00
Officer Director
$0 $0 $0
SETH GOODALL DIRECTOR 1.00
Director
$0 $0 $0
INAMARIE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
DAVID PARKER DIRECTOR 1.00
Director
$0 $0 $0
MATT SHULMAN DIRECTOR 1.00
Director
$0 $0 $0
ANKUR GOPAL DIRECTOR 1.00
Director
$0 $0 $0
MARY ANN SKEWES DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE DILLION DIRECTOR 1.00
Director
$0 $0 $0
GARY CHAMBERLAIN CHIEF TECHNOLOGY OFFICER 40.00
Officer
$248,052 $19,441 $267,493
CARLETTA HILL DIRECTOR OF HR 40.00
Officer
$221,371 $13,438 $234,809
PETER WHALEY CHIEF OPERATING OFFICER 40.00
Officer
$226,593 $13,112 $239,705
JULIE SMITH CMO 40.00
Officer
$223,478 $11,259 $234,737
ANDRE SILVA DIRECTOR OF PROGRAM EXPENS 40.00
Highest
$157,500 $0 $157,500
VANESSA GALLANT DIRECTOR OF CREATIVE OPERA 40.00
Highest
$142,717 $12,825 $155,542
AKI DAVIS VP OF FINANCE 40.00
Highest
$198,025 $18,235 $216,260
JEREMIAH HERNANDEZ COMMUNITY GROWTH & EXPANSION MANAGER 40.00
Highest
$135,577 $10,973 $146,550
PETER CAKOUNES SOFTWARE DEVELOPMENT MANAGER 40.00
Highest
$132,774 $6,525 $139,299
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 $6,769,180 $11,919,916 $4,039,285 $-5,150,736
2023 $8,580,906 $9,470,345 $9,148,750 $-889,439
2022 $8,652,689 $7,975,154 $10,717,760 $677,535
2021 $9,183,052 $5,798,246 $9,819,862 $3,384,806
2020 $7,093,970 $4,034,093 $6,277,613 $3,059,877
2019 $5,023,446 $3,544,756 $3,364,841 $1,478,690
2018 $3,025,511 $2,297,645 $1,815,885 $727,866
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