757 ACCELERATE INC (EIN 823232312) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

NANCY GRDEN

Phone

8043661535

Tax Period

2024-01-01 to 2024-12-31

757 ACCELERATE INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $657K in total revenue in fiscal year 2018. The organization ran a surplus of $420K, a strong 64% operating margin.

Mission

757 ACCELERATE IS A NON-PROFIT STARTUP ACCELERATOR AND INCUBATOR PROGRAM. OUR MISSION IS TO PROVIDE STARTUPS WITH THE CUSTOMIZED RESOURCES AND CAPITAL THEY NEED TO GROW. WE BOOST PROMISING STARTUPS TOWARDS CUSTOMER TRACTION AND REVENUE USING THEIR OWN NETWORK OF MENTORS, INVESTORS, SUPPORT SERVICE, WORKING SPACE, AND A LEAN STARTUP EDUCATION. OUR VALUES ARE ENTREPRENEURS-FIRST, GIVE BEFORE YOU GET, AND A LONG-TERM COMMITMENT TO HELPING STARTUPS DO MORE, FASTER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $893,613

Program Service Revenue $331,632

Investment Income $13,453

Other Revenue $0

TOTAL REVENUE $1,238,698

Expense Breakdown

Grants Paid $160,000

Salaries & Benefits $709,962

Fundraising Expenses $0

Program Expenses $883,795

Other Expenses $793,116

TOTAL EXPENSES $1,663,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,238,698	$1,566,357	-0.2%
Expenses	$1,663,078	$1,379,308	+0.2%
Net Income	$-424,380	$187,049	-3.3%

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

250

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

$100,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY GRDEN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
BLAKE LUSE	BOARD MEMBER	0.50	Director	$0	$0	$0
DREW UNVGARSKY	BOARD MEMBER	0.50	Director	$0	$0	$0
ANGELA REDDIX	BOARD MEMBER	0.50	Director	$0	$0	$0
RISHAP MALHOTRA	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE LEVIN	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL NOLDE	PREDSIDENT	40.00	Director	$100,663	$0	$100,663
WILLY DONALDSON	VICE OFFICER	0.50	Officer Director	$0	$0	$0
TINA MCRAE	BOARD MEMBER	0.50	Director	$0	$0	$0
CRISSIE HALL	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM RYAN	EXECUTIVE DIRECTOR	0.50	Director	$0	$0	$0
SARAH JANE KIRKLAND	BOARD MEMBER	0.50	Director	$0	$0	$0
DALIP KAPOOR	BOARD MEMBER	0.50	Director	$0	$0	$0
RHONDA ALEXANDER	BOARD MEMBER	0.50	Director	$0	$0	$0
TOI HUNTER	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF CONROY	TREASURER	0.50	Officer Director	$0	$0	$0
CHARLES CORPREW	SECRETARY	40.00	Highest	$140,400	$0	$140,400

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	$1,238,698	$1,663,078	$507,572	$-424,380
2023	$1,566,357	$1,379,308	$976,372	$187,049
2022	$1,564,123	$1,334,638	$821,015	$229,485
2021	$961,820	$847,498	$615,934	$114,322
2020	$461,076	$378,597	$411,992	$82,479
2019	$446,536	$384,552	$316,179	$61,984
2018	$657,157	$236,688	$447,629	$420,469

757 ACCELERATE INC