NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)757 ACCELERATE INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 34% operating deficit.
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.
IN 2024, 757 COLLAB DELIVERED HIGH-IMPACT PROGRAMMING ACROSS ITS CONTINUUM - STARTUP STUDIOS, ACCELERATE, AND ANGELS - POSITIONING HAMPTON ROADS AS A NATIONALLY RECOGNIZED INNOVATION HUB. THE...
IN 2024, 757 COLLAB DELIVERED HIGH-IMPACT PROGRAMMING ACROSS ITS CONTINUUM - STARTUP STUDIOS, ACCELERATE, AND ANGELS - POSITIONING HAMPTON ROADS AS A NATIONALLY RECOGNIZED INNOVATION HUB. THE ORGANIZATION DIRECTLY ENGAGED OVER 2,500 ENTREPRENEURS, CREATED 350 NEW JOBS, AND FACILITATED 90 INTERNSHIPS. THROUGH 757 STARTUP STUDIOS, OVER 200 STARTUPS HAVE BEEN INCUBATED SINCE LAUNCH, INCLUDING 24 NEW PRODUCTS LAUNCHED IN THE PAST YEAR ALONE. FOUNDERS LOGGED OVER 7,000 VISITS TO THE SPACE AND PARTICIPATED IN MORE THAN 100 FACILITATED PROGRAMS - WITH 98% OF THEM CALLING HAMPTON ROADS HOME.
757 ACCELERATE, THE FLAGSHIP INVESTOR-READINESS PROGRAM, HAS NOW SUPPORTED 54 STARTUPS ACROSS EIGHT COHORTS, HELPING RAISE MORE THAN $100 MILLION TO DATE, INCLUDING $20+ MILLION IN 2024. THE PROGRAM...
757 ACCELERATE, THE FLAGSHIP INVESTOR-READINESS PROGRAM, HAS NOW SUPPORTED 54 STARTUPS ACROSS EIGHT COHORTS, HELPING RAISE MORE THAN $100 MILLION TO DATE, INCLUDING $20+ MILLION IN 2024. THE PROGRAM CREATED OVER 350 JOBS AND DELIVERED OVER 1,500 HOURS OF MENTORSHIP IN THE PAST YEAR. ADDITIONAL HIGHLIGHTS INCLUDE STRATEGIC INNOVATION PARTNERSHIPS ACROSS CLIMATE, HEALTH, AND DEFENSE TECH SECTORS. THE ORGANIZATION HOSTED 85 INVITE-ONLY INNOVATION EVENTS, FACILITATED OVER 200 MATB STARTUP CONNECTIONS, AND HELPED 28 SMALL BUSINESSES AND TWO UNIVERSITIES PITCH DIRECTLY TO NAVY AND AIR FORCE STAKEHOLDERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare 757 ACCELERATE INC with other nonprofits in Virginia and across the country.