AIRE VENTURES INC (EIN 814117606) - 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

2016

Legal Domicile

Principal Officer

NICOLE SEDLACK

Phone

7863057557

Tax Period

2023-01-01 to 2023-12-31

AIRE VENTURES INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $764K in total revenue in fiscal year 2023. Revenue surged 458% from the prior year, signaling strong growth momentum. Expenses of $974K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO BRIDGE SYSTEMIC GAPS IN ACCESS, OPPORTUNITY, AND RACIAL EQUITY BY SCALING INNOVATION AND TECHNOLOGY SOLUTIONS TO THEM.

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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 $764,399

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $764,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,501

Fundraising Expenses $0

Program Expenses $615,150

Other Expenses $439,148

TOTAL EXPENSES $973,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$764,399	$137,078	+4.6%
Expenses	$973,649	$1,096,321	-0.1%
Net Income	$-209,250	$-959,243	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCAS HERNANDEZ	DIRECTOR	0.50	Director	$0	$0	$0
ANDRES RIVERO	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN CORPION	DIRECTOR	0.50	Director	$0	$0	$0
MONIQUE HAYES	BOARD CHAIR	1.00	Officer	$0	$0	$0
IMRAN ARIF SIDDIQUI	EMPLOYEE	40.00	Highest	$201,202	$0	$201,202

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	No data	No data	No data	No data
2023	$764,399	$973,649	$1,011,501	$-209,250
2022	$137,078	$1,096,321	$1,443,227	$-959,243
2021	$1,912,559	$752,755	$2,047,559	$1,159,804
2020	$540,622	$762,804	$875,889	$-222,182
2019	$375,605	$672,103	$1,080,950	$-296,498
2018	$1,677,461	$369,455	$1,357,451	$1,308,006

AIRE VENTURES INC