UNITE INC (EIN 810711157) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

TRAVIS SMITH

Phone

3344971042

Tax Period

2024-01-01 to 2024-12-31

UNITE INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $230K in total revenue in fiscal year 2021. Expenses of $206K left a modest 11% surplus.

Mission

The mission of UNITE Inc is to promote leadership scholarship and social awareness while motivating and empowering the youth to dream and excel in every aspect of life We strive to connect high school students to HBCUs and HBCU students to opportunities

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $318,018

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $318,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,331

Fundraising Expenses $0

Program Expenses $120,373

Other Expenses $114,288

TOTAL EXPENSES $196,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,018	N/A	N/A
Expenses	$196,619	N/A	N/A
Net Income	$121,399	N/A	N/A

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

N/A

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

$42,430

Total Directors

$33,830

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS SMITH	EXECUTIVE DIRECTOR	10.00	Director	$33,830	$0	$33,830
JEREMIAH STREETER	Officer	1.00	Officer	$17,494	$0	$17,494
SHENICE SMITH	Officer	1.00	Officer	$14,000	$0	$14,000
TRECARYA MITCHELL	Officer	1.00	Officer	$10,936	$0	$10,936

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	$318,018	$196,619	$163,126	$121,399
2021	$230,315	$206,108	$73,240	$24,207

UNITE INC