EMPOWER TOMORROW INC

EIN: 842695250 501(c)(3) Education

RALEIGH, NC

Total Revenue
$219,909
Total Expenses
$81,555
Total Assets
$249,875
Net Assets
$249,875
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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
NC
Principal Officer
PRIYANKA PATEL
Phone
2522994507
Tax Period
2022-01-01 to 2022-12-31

EMPOWER TOMORROW INC, founded in 2019, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2022. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $138K, a strong 63% operating margin.

Mission

Empower Tomorrw is engagedin helping our kids and youth by providing the tools and necessary materials for a child s success in education.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $219,909
TOTAL REVENUE $219,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,410
Fundraising Expenses $0
Program Expenses $4,500
Other Expenses $17,145
TOTAL EXPENSES $81,555

Year-over-Year Comparison

2022 2021 Change
Revenue $219,909 $75,736 +1.9%
Expenses $81,555 $61,074 +0.3%
Net Income $138,354 $14,662 +8.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
0
$0
Total Directors
1
$21,091
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRIYANKA PATEL OFFICER 39
Director
$21,091 $0 $21,091
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
2022 $219,909 $81,555 $249,875 $138,354
2021 $75,736 $61,074 $111,521 $14,662
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