URISE VENTURES 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

2020

Legal Domicile

Principal Officer

ALICE TURNER MED

Phone

8609223900

Tax Period

2023-01-01 to 2023-12-31

URISE VENTURES INC, founded in 2020, is a small nonprofit in the Education sector that reported $151K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 15% operating deficit.

Mission

AS THE ONLY COMMUNITY TECHNOLOGY AND ENTREPRENEURSHIP INCUBATOR IN NEW ENGLAND FOR URBAN YOUTH AND THEIR FAMILIES, WE'RE PROUDLY A MULT CULTURAL, MULTI GENERATIONAL, YOUTH CENTERED, AND EXPERT LED COMMUNITY NONPROFIT ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $31,620 Revenue: $37,500

TEENPRENEURS | TEENS AND YOUNG ADULTS ENTREPRENEURSHIP PROGRAMOUR PROGRAM FOR TEENS AND YOUNG ADULTS, AGES 14-19, AND OPPORTUNITY YOUTH, AGES 16 THROUGH 24, ARE OFFERED DURING AFTER SCHOOL HOURS AS A SCHOOL TO CAREER ENRICHMENT PROGRAM FOR STUDENTS INTERESTED IN CAREERS IN BUSINESS, DIGITAL MEDIA AND TECHNOLOGY

Program 2

Expenses: $47,811 Revenue: $72,100

KIDPRENEURS | YOUTH ENTREPRENEURSHIP PROGRAMOUR PROGRAM FOR TEENS AND YOUNG ADULTS, AGES 14-19, AND OPPORTUNITY YOUTH, AGES 16 THROUGH 24, ARE OFFERED DURING AFTER SCHOOL HOURS AS A SCHOOL TO CAREER ENRICHMENT PROGRAM FOR STUDENTS INTERESTED IN CAREERS IN BUSINESS, DIGITAL MEDIA AND TECHNOLOGY

Program 3

Expenses: $18,227 Revenue: $25,000

GETTING AHEAD: FINANCIAL EMPOWERMENT PROGRAMOUR "GETTING AHEAD IN A JUST GETTING BY WORLD" WORKSHOP SERIES IS A FINANCIAL LITERACY AND FINANCIAL EMPOWERMENT PROGRAM HELPS INDIVIDUALS STRUGGLING WITH FINANCIAL INSTABILITY RECEIVE THE KNOWLEDGE, GUIDANCE, AND RESOURCES THEY NEED TO ADDRESS THEIR FINANCIAL SITUATIONS AND TAKE ACTION

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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 $17,500

Program Service Revenue $168,200

Investment Income $0

Other Revenue $-34,267

TOTAL REVENUE $151,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,284

Fundraising Expenses $10,386

Program Expenses $138,764

Other Expenses $66,827

TOTAL EXPENSES $174,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,433	$230,006	-0.3%
Expenses	$174,111	$181,671	0.0%
Net Income	$-22,678	$48,335	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA ANGULA	DIRECTOR	0.50	Director	$0	$0	$0
A'LANNA BURWELL	DIRECTOR	0.50	Director	$0	$0	$0
DIONNE ADESSA	DIRECTOR	0.50	Director	$0	$0	$0
ROXANNA JACKSON RN	SECRETARY	1.00	Officer	$0	$0	$0
WIL JACQUES MBA	PRESIDENT	1.00	Officer	$0	$0	$0
ALTHEA HENDERSON	VICE PRESIDENT	1.00	Officer	$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	$151,433	$174,111	$27,467	$-22,678
2022	$191,105	$135,083	$66,630	$56,022