SPONSOR 4 SUCCESS INC

EIN: 814780035 501(c)(3) Human Services

LOUISVILLE, KY

Total Revenue
$590,297
Total Expenses
$454,347
Total Assets
$867,413
Net Assets
$845,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
KY
Principal Officer
VREELAND WILLIAM MOSBY
Phone
9494006902
Tax Period
2023-01-01 to 2023-12-31

SPONSOR 4 SUCCESS INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $590K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 23% operating margin.

Mission

OUR VISION IS TO DEVELOP A GIVING NETWORK OF PROFESSIONAL BUSINESS AND CIVIC LEADERS COMMITTED TO LESSENING THE SOCIAL AND ECONOMIC DISPARITIES AFFECTING POOR AND UNDER-SERVED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $9,210

BEECHER TERRACE REDEVELOPMENT - THIS PROGRAM IS TO ASSIST IN SPONSORING THE DEVELOPMENT OF A RETAIL CENTER THAT WILL BRING A GROCERY STORE AND PHARMACY TO THE RUSSELL NEIGHBORHOOD, AN UNDERSERVED...

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BEECHER TERRACE REDEVELOPMENT - THIS PROGRAM IS TO ASSIST IN SPONSORING THE DEVELOPMENT OF A RETAIL CENTER THAT WILL BRING A GROCERY STORE AND PHARMACY TO THE RUSSELL NEIGHBORHOOD, AN UNDERSERVED COMMUNITY.

Program 2
Expenses: $265,572

AFFORDABLE RENTAL PROGRAM - THIS PROGRAM IS TO PURCHASE ABANDONED HOUSES, REHAB THEM, AND PLACE THEM ON THE MARKET AT AFFORDABLE RATES BELOW MARKET VALUE.

Program 3
Expenses: $79,453

THE JOE HAMMOND PROJECT - THIS PROGRAM PRESERVES THE LEGACIES OF NEIGHBORHOOD HEREOS BY TELLING THEIR STORIES THROUGH DOCUMENTARIES WHICH UNCOVER THE RICH HISTORY OF AFRICAN AMERICAN CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $559,783
Program Service Revenue $0
Investment Income $0
Other Revenue $30,514
TOTAL REVENUE $590,297

Expense Breakdown

Grants Paid $68,838
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $423,073
Other Expenses $385,509
TOTAL EXPENSES $454,347

Year-over-Year Comparison

2023 2022 Change
Revenue $590,297 $393,238 +0.5%
Expenses $454,347 $359,285 +0.3%
Net Income $135,950 $33,953 +3.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VREELAND WILLIAM MOSBY PRESIDENT, CHAIRMAN 100.00
Officer Director
$0 $0 $0
BETHANY CLARKSON MORGAN VICE CHAIR, SECRETARY 5.00
Officer Director
$0 $0 $0
MUSA FURR DIRECTOR 3.00
Director
$0 $0 $0
HEATHER EMMICK DIRECTOR 3.00
Director
$0 $0 $0
JAMIE FISHER DIRECTOR 3.00
Director
$0 $0 $0
LLOYD LAMAR YOUNG VICE CHAIR 30.00
Officer Director
$0 $0 $0
REV NERRICK JACKSON DIRECTOR 3.00
Director
$0 $0 $0
MELISSA RODEN-MAYS DIRECTOR 3.00
Director
$0 $0 $0
SHAWN MUCKER DIRECTOR 3.00
Director
$0 $0 $0
LAUREN MUIR DIRECTOR 3.00
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 No data No data No data No data
2023 $590,297 $454,347 $867,413 $135,950
2022 $393,238 $359,285 $709,463 $33,953
2021 $624,545 $216,405 $675,510 $408,140
2020 $337,170 $80,839 $266,511 $256,331
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