THE UPWARD PROJECT (EIN 825201485) - 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

2020

Legal Domicile

Principal Officer

MINDY WRIGHT

Phone

4018646343

Tax Period

2023-01-01 to 2023-12-31

THE UPWARD PROJECT, founded in 2020, is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 37% operating margin.

Mission

TO PROVIDE LOW INCOME, FIRST GENERATION STUDENTS WHO ATTEND SELECTIVE COLLEGES THE SKILLS AND RESOURCES THEY NEED TO SUCCEED IN COLLEGE AND GRADUATE PREPARED FOR CAREERS IN COMPETITIVE AND HIGH WAGE FIELDS. TO SEEK UPWARD MOBILITY FOR STUDENTS AND WORK TO DISRUPT THE RACIAL EQUITY WEALTH GAP IN BOSTON.

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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 $445,424

Program Service Revenue $0

Investment Income $0

Other Revenue $4,893

TOTAL REVENUE $450,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,184

Fundraising Expenses $16,025

Program Expenses $175,675

Other Expenses $140,957

TOTAL EXPENSES $284,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,317	$173,685	+1.6%
Expenses	$284,141	$141,029	+1.0%
Net Income	$166,176	$32,656	+4.1%

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

$80,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY WRIGHT	EXECUTIVE DI	35.00	Director	$80,096	$0	$80,096
DANELIA GOSSOP	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE NEWTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDRIA NUNEZ-BIBBY	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW WARD	TREASURER	1.00	Officer Director	$0	$0	$0
EJ WHELAN	VICE PRESIDE	1.00	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
2024	No data	No data	No data	No data
2023	$450,317	$284,141	$252,151	$166,176

THE UPWARD PROJECT