FLYWHEEL FOUNDATION (EIN 473707235) - Form 990 Financial Analysis & Trantor Score

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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

IRIS COLE

Phone

3367257808

Tax Period

2024-01-01 to 2024-12-31

FLYWHEEL FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $358K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $413K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO SUPPORT ENTREPRENEURSHIP THROUGH RESEARCH, ECOSYSTEM DEVELOPMENT, EDUCATION, INVESTMENT, ENTREPRENEURSHIP FOCUSED EVENTS, AND TRAINING.

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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 $308,144

Program Service Revenue $50,321

Investment Income $0

Other Revenue $0

TOTAL REVENUE $358,465

Expense Breakdown

Grants Paid $148,700

Salaries & Benefits $98,443

Fundraising Expenses $0

Program Expenses $226,110

Other Expenses $165,768

TOTAL EXPENSES $412,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,465	$499,451	-0.3%
Expenses	$412,911	$423,672	0.0%
Net Income	$-54,446	$75,779	-1.7%

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

N/A

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

$74,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL ATHERTON	EXECUTIVE DI	40.00	Officer	$70,000	$4,301	$74,301
PETER MARSH	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY BARRON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED DILWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
WILMENIA GRIPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
SAJID HUSSAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIAN MARABLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH MCGEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SKYLER SHIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS COLE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RICK LEANDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SURESH GOPALAN	TREASURER	1.00	Officer Director	$0	$0	$0
IRENE WONG	SECRETARY	1.00	Officer 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	$358,465	$412,911	$227,032	$-54,446
2023	$499,451	$423,672	$313,466	$75,779
2022	$322,010	$274,217	$230,834	$47,793
2021	$263,282	$288,757	$102,230	$-25,475

FLYWHEEL FOUNDATION