INVEST UP (EIN 822441360) - 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

2017

Legal Domicile

Principal Officer

MARTIN F FITTANTE

Phone

9062510592

Tax Period

2024-01-01 to 2024-12-31

INVEST UP, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 53% operating margin.

Mission

TO ENHANCE THE VITALITY OF THE COMMUNITIES AFFECTED BY THE MICHIGAN'S UPPER PENINSULA BY LEVERAGING LOCAL RESOURCES WITH CAPITAL AND EXPERTISE AND FOSTERING ECONOMIC OPPORTUNITY THROUGHOUT THE AREA.

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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 $2,311,288

Program Service Revenue $0

Investment Income $2,820

Other Revenue $184,751

TOTAL REVENUE $2,498,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $607,159

Fundraising Expenses $0

Program Expenses $752,729

Other Expenses $568,394

TOTAL EXPENSES $1,175,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,498,859	$994,377	+1.5%
Expenses	$1,175,553	$1,044,163	+0.1%
Net Income	$1,323,306	$-49,786	-27.6%

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

$179,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN F FITTANTE	CEO	40.00	Director	$179,398	$0	$179,398
CHRIS BENDER	DIRECTOR	N/A	Director	$0	$0	$0
DEBB BRUNELL	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD CANALE	DIRECTOR	N/A	Director	$0	$0	$0
TONYA DARNER	DIRECTOR	N/A	Director	$0	$0	$0
ROXANNE DAUST	DIRECTOR	N/A	Director	$0	$0	$0
MIKE FEDRIZZI	DIRECTOR	N/A	Director	$0	$0	$0
GRADON HAEHNEL	DIRECTOR	N/A	Director	$0	$0	$0
STEVE HICKS	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA HOLMQUIST	DIRECTOR	N/A	Director	$0	$0	$0
PETER HOOD	DIRECTOR	N/A	Director	$0	$0	$0
MATT JOHNSON	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RYAN KORPELA	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD KOUBEK	DIRECTOR	N/A	Director	$0	$0	$0
TODD LAFAVE	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK LAMB	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT LEHTO	DIRECTOR	N/A	Director	$0	$0	$0
JEFFERY LITTMANN	DIRECTOR	N/A	Director	$0	$0	$0
BOB MAQHANEY	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MENEGHINI	DIRECTOR	N/A	Director	$0	$0	$0
ZACHARY MEYER	DIRECTOR	N/A	Director	$0	$0	$0
RICK NEBEL	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN NORMAN	DIRECTOR	N/A	Director	$0	$0	$0
BARRY O'SHEA	DIRECTOR	N/A	Director	$0	$0	$0
KARYN OLSSON	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY REED	DIRECTOR	N/A	Director	$0	$0	$0
DAVID ROWE	DIRECTOR	N/A	Director	$0	$0	$0
TODD SABOURIN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL STONE	DIRECTOR	N/A	Director	$0	$0	$0
BROCK TESSMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOE THIEL	DIRECTOR	N/A	Director	$0	$0	$0
STEVE VAIRO	DIRECTOR	N/A	Director	$0	$0	$0
STEVE VERRETTE	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER WATSON	DIRECTOR	N/A	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
2024	$2,498,859	$1,175,553	$2,705,062	$1,323,306
2023	$994,377	$1,044,163	$540,962	$-49,786
2022	$1,071,521	$971,374	$261,240	$100,147
2021	$612,162	$570,347	$228,607	$41,815
2020	$377,818	$370,120	$182,865	$7,698
2019	$286,153	$281,759	$114,139	$4,394
2018	$230,948	$156,682	$109,995	$74,266

INVEST UP