XLR8X (EIN 843697780) - 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

2019

Legal Domicile

Principal Officer

OMAR SULTAN

Phone

8087727255

Tax Period

2022-07-01 to 2023-06-30

XLR8X, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $455K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $389K left a modest 15% surplus.

Mission

TO DEVELOP AND ADMINISTER ACTIVITIES AND PROGRAMS DESIGNED TO EDUCATE STUDENTS AND ENTREPRENEURS, COMBAT COMMUNITY DETERIORATION, RELIEVE POVERTY AND LESSEN THE BURDENS OF THE GOVERNMENT THROUGH STIMULATING ECONOMIC DEVELOPMENT IN SELECT COMMUNITIES IN THE UNITED STATES AND AROUND THE WORLD, WITH A PARTICULAR EMPHASIS ON COMMUNITIES WITHIN THE STATE OF HAWAII.

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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 (2022)

Revenue Breakdown

Contributions & Grants $454,192

Program Service Revenue $0

Investment Income $421

Other Revenue $0

TOTAL REVENUE $454,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,493

Fundraising Expenses $20,410

Program Expenses $340,857

Other Expenses $19,183

TOTAL EXPENSES $388,676

Year-over-Year Comparison

	2022	2021	Change
Revenue	$454,613	$622,869	-0.3%
Expenses	$388,676	$591,271	-0.3%
Net Income	$65,937	$31,598	+1.1%

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

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

$380,911

Total Directors

$114,357

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OMAR SULTAN	PRESIDENT/EXEC DIR	40.00	Officer Director	$108,650	$5,707	$114,357
FRANK DE REGO	DIRECTOR	1.00	Director	$0	$0	$0
LUELLA COSTALES	DIRECTOR	1.00	Director	$0	$0	$0
STACEY KATAKURA	DIRECTOR	1.00	Director	$0	$0	$0
TARIK SULTAN	TREASURER	40.00	Officer	$214,619	$4,867	$219,486
KATARINA MATAYOSHI	SECRETARY	40.00	Officer	$47,068	$0	$47,068

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
2023	$454,613	$388,676	$117,799	$65,937
2022	$622,869	$591,271	$31,947	$31,598

XLR8X