ENYE INC

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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

2017

Legal Domicile

Principal Officer

MICHAEL PACCIONE

Phone

4155709782

Tax Period

2020-02-01 to 2021-01-31

ENYE INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $246K in total revenue in fiscal year 2020. Expenses of $231K left a modest 6% surplus.

Mission

ENYE IS A NON PROFIT COMMITTED TO EMPOWERING ASPIRING ENGINEERS AND ENTREPRENEURS IN THE DEVELOPING COUNTRY OF NIGERIA. OUR PROGRAM PAIRS THESE TWO GROUPS TOGETHER IN A FULL SCHOLARSHIP BASED PROGRAM. ENYE PROVIDES TECHNICAL AND BUSINESS MENTORSHIP WHILE THEY DEVELOP AN MVP SOFTWARE APPLICATION. AT THE END OF EACH PROGRAM THE ENGINEERS ARE PLACED INTO SECURED EMPLOYMENT, USUALLY AT EACH ENTREPRENEURS' COMPANY. IN THIS WAY WE ARE CREATING A COMMERCE AND DIGITAL INFRASTRUCTURE ENGINE TO HELP RAISE THE STANDARD OF LIVING IN DEVELOPING COUNTRIES SUCH AS NIGERIA.

Program Service Accomplishments

Program 1

Expenses: $50,202 Revenue: $50,270

ENYE'S 2020 PROGRAM SERVICE FEATURED "COHORT 4 AND OUR FIRST HACKATHON. COHORT 4 OF OUR ENGINEERING CAREER ACCELERATOR RECEIVED 645 APPLICANTS. 24 OF THE TOP APPLICANTS WERE ACCEPTED; 19 WERE ABLE TO COMPLETE THE PROGRAM. ALL 19 WERE PLACED AT COMPANIES, FURTHERING THEIR CAREER. ADDITIONALLY WE PILOTED OUR FOUNDERS PROGRAM IN WHICH THE ENGINEERS WERE TEAMED WITH ASPIRING ENTREPRENEURS. WE ALSO HOSTED OUR FIRST HACKATHON, DESPITE THE CHALLENGES POISED FROM CORONAVIRUS, IT WAS A GOOD EXPERIENCE FOR THE ENGINEERS WHO APPEARED WITH THE APPROPRIATE PPE.

Program 2

Expenses: $82,500

INGRESSIVE FOR GOOD (PHASE 1) - INGRESSIVE FOR GOOD'S MISSION IS TO CREATE AND INCREASE THE EARNING POWER OF TECH TALENTS IN AFRICA BY TRAINING 1 MILLION YOUTHS AND CONNECTING 5,000 TO...

INGRESSIVE FOR GOOD (PHASE 1) - INGRESSIVE FOR GOOD'S MISSION IS TO CREATE AND INCREASE THE EARNING POWER OF TECH TALENTS IN AFRICA BY TRAINING 1 MILLION YOUTHS AND CONNECTING 5,000 TO JOBS.MICROSCHOLARSHIPS: 5 SCHOLARSHIPS / $4,000 IN SUPPORT / 7 LAPTOPS DEPLOYEDTALENT PLACEMENT: 100+ TALENTS PLACEDTALENT TRAINING: 6 PARTNERSHIPS / 5,000 COURSERA LICENSES / 25,000+ TRAINEDCOMMUNITY DEVELOPMENT: 11,000 NETWORK / 42 AMBASSADORS / 30 CAMPUSES / 600 MEMBERSMENTORSHIP: 14 MENTORS AND MENTOR PROGRAM AUTOMATION SUPPORT

Program 3

Expenses: $97,500

INGRESSIVE FOR GOOD (PHASE 2) - PHASE 1 WAS TO FUND THE CREATION OF INGRESSIVE FOR GOOD (I4G). PHASE 2 WAS TO FUND THE EXPANSION. THE IN PROGRESS GOALS ARE BELOW:TEAM EXPANSION: HIRE EXECUTIVE...

INGRESSIVE FOR GOOD (PHASE 2) - PHASE 1 WAS TO FUND THE CREATION OF INGRESSIVE FOR GOOD (I4G). PHASE 2 WAS TO FUND THE EXPANSION. THE IN PROGRESS GOALS ARE BELOW:TEAM EXPANSION: HIRE EXECUTIVE DIRECTOR, FUNDRAISING SPECIALIST, TAX SPECIALISTCOMMUNITY EXPANSION: INCREASE NIGERIAN CAMPUS INCLUSION BY 100%MICROSCHOLARSHIP EXPANSION: INCREASE SCHOLARSHIP SIZE AND FREQUENCYCOMMUNITY CHALLENGES: INCREASING AWARDS AND CHALLENGES IN EXISTING PROGRAM TO ATTRACT HIGHER LEVEL TALENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $195,762

Program Service Revenue $50,270

Investment Income $0

Other Revenue $0

TOTAL REVENUE $246,032

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,202

Other Expenses $50,512

TOTAL EXPENSES $230,512

Year-over-Year Comparison

	2020	2019	Change
Revenue	$246,032	N/A	N/A
Expenses	$230,512	N/A	N/A
Net Income	$15,520	$0	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
UCHECHUKWU NNADI	CHIEF EXECUTIVE OFFICER	30.00	Officer Director	$0	$0	$0
EMMANUEL EZEAGWULA	CHIEF TECHNICAL OFFICER	5.50	Officer Director	$0	$0	$0
MICHAEL PACCIONE	CHIEF FINANCIAL OFFICER	3.50	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
2021	$246,032	$230,512	$25,979	$15,520