NEVER SURRENDER 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

2019

Legal Domicile

Principal Officer

DAVID KOLQUIST

Phone

2183021331

Tax Period

2023-09-01 to 2024-08-31

NEVER SURRENDER INC, founded in 2019, is a community nonprofit in the Diseases & Disorders sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

RAISING MONEY TO FIGHT ALS AND HELP PEOPLE WITH ALS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,965,433

RAISING MONEY TO FIGHT ALS AND HELP PEOPLE WITH ALS AND THEIR FAMILIES.

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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 $2,150,061

Program Service Revenue $0

Investment Income $29,573

Other Revenue $519,923

TOTAL REVENUE $2,699,557

Expense Breakdown

Grants Paid $2,022,000

Salaries & Benefits $187,741

Fundraising Expenses $37,547

Program Expenses $2,965,433

Other Expenses $874,379

TOTAL EXPENSES $3,084,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,699,557	$2,821,582	0.0%
Expenses	$3,084,120	$1,496,725	+1.1%
Net Income	$-384,563	$1,324,857	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMBER ERICKSON	BOARD	1.00	Director	$0	$0	$0
DANIEL HARTEL	BOARD	1.00	Director	$0	$0	$0
MATT HERROLD	BOARD	1.00	Director	$0	$0	$0
DAVID KOLQUIST	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SOLON	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE THORESON	SECRETARY	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
2025	No data	No data	No data	No data
2024	$2,699,557	$3,084,120	$2,117,580	$-384,563
2023	$2,821,582	$1,496,725	$2,533,337	$1,324,857
2022	$2,541,000	$2,265,031	$1,169,992	$275,969
2021	$1,724,534	$1,653,475	$900,085	$71,059
2020	$1,857,739	$1,068,657	$821,848	$789,082
2019	$74,879	$44,821	$41,939	$30,058