ENTREPENEURSHIP AWARD CORP

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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

2016

Legal Domicile

Principal Officer

CHRISTOPHER UPPERMAN

Phone

2124019333

Tax Period

2024-01-01 to 2024-12-31

ENTREPENEURSHIP AWARD CORP, founded in 2016, is a small nonprofit in the Education sector that reported $325K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

FOUNDER FORWARD WORKS WITH UNDERREPRESENTED FOUNDERS TO BUILD A COMMUNITY AND PLATFORM THAT ADVANCES EQUITY AND ACCESS IN THE ENTREPRENEURSHIP ENVIRONMENT. ITS EFFORTS ARE CURRENTLY FOCUSED ON SERVING BLACK, INDIGENOUS, LATINX, AND (CONTINUED ON SCHEDULE O)FEMALE FOUNDERS. FOUNDER FORWARD STRIVES TO CONTRIBUTE TO REBUILDING AND RESHAPING THE ENTREPRENEURSHIP LANDSCAPE INTO ONE THAT REFLECTS THE WEALTH OF DIVERSITY THAT IS THE CORNERSTONE OF AMERICA'S IDENTITY. OUR EFFORTS ARE CENTERED AROUND COMMUNITY, EQUITY, AND UPLIFTING VOICES THAT HAVE BEEN LEFT OUT.

Program Service Accomplishments

Program 1

Expenses: $350,149

IN 2024, FOUNDER FORWARD DISTRIBUTED FUNDING TO ITS 125TH FOUNDER SINCE 2016 AND DIRECTLY SUPPORTED 13 EARLY-STAGE BUSINESSES WITH OVER $59,000 IN CAPITAL GRANTS. WE LAUNCHED NEW PROGRAMMING CALLED PITCHPROV WHICH HAD OVER 30 ATTENDEES WHO PARTICIPATED IN THE ACTIVATION AT A FORMER GRANTEES CAF IN BROOKLYN, NEW YORK (GINJAN). IN 2024, FOUNDER FORWARD ALSO PARTICIPATED IN CONFERENCES AS A THOUGHT LEADER DISCUSSING ECONOMIC EMPOWERMENT THROUGH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $325,210

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $325,210

Expense Breakdown

Grants Paid $58,200

Salaries & Benefits $226,835

Fundraising Expenses $0

Program Expenses $350,149

Other Expenses $70,244

TOTAL EXPENSES $355,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,210	$264,617	+0.2%
Expenses	$355,279	$412,807	-0.1%
Net Income	$-30,069	$-148,190	-0.8%

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

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

$112,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA-MARIE PIERRE	EXECUTIVE DIRECTOR	45.00	Officer	$112,598	$0	$112,598
ANGELINE APOSTOLOU	DIRECTOR	2.00	Director	$0	$0	$0
CHRISPTOPHER UPPERMAN	PRESIDENT	1.00	Director	$0	$0	$0
TULANI WATKINS	SECRETARY	1.00	Director	$0	$0	$0
BRIAN TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ROSANNA MORTOGLOU	DIRECTOR	1.00	Director	$0	$0	$0
URIRIDIAKOGHENE ONOVAKPURI	DIRECTOR	1.00	Director	$0	$0	$0
GINA CRIVELLI	DIRECTOR	1.00	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	$325,210	$355,279	$353,963	$-30,069
2023	$264,617	$412,807	$402,864	$-148,190
2022	$176,082	$389,388	$594,403	$-213,306
2021	$259,158	$273,943	$459,583	$-14,785
2020	$140,938	$175,553	$491,007	$-34,615