NEVER TOO LATE TO START 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

NEVER TOO LATE TO START INC, founded in 2020, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. The organization ran a surplus of $9K, a strong 32% operating margin.

Mission

NEVER TOO LATE TO START ACKNOWLEDGES THAT WITH AGE COMES MANY SIGNIFICANT ADVANTAGES WHEN STARTING A NEW BUSINESS, ONE OF WHICH IS A COMMITMENT TO MAKING YOUR PASSION NOT ONLY A FINANCIAL WIN, BUT YOUR LEGACY. OUR MISSION IS TO HELP ALL ENTREPRENEURS, AT ANY AND EVERY AGE.

Program Service Accomplishments

Program 1

Expenses: $20,530

THE WOMENS ENTREPRENEURSHIP CONFERENCE (WEC) IS A SERIES OF EVENTS PUT ON BY PARENT COMPANY NEVER TOO LATE TO START THAT HELPS WOMEN BREAK DOWN ENTREPRENEURIAL BARRIERS. THE FIRST WEC WAS AN...

THE WOMENS ENTREPRENEURSHIP CONFERENCE (WEC) IS A SERIES OF EVENTS PUT ON BY PARENT COMPANY NEVER TOO LATE TO START THAT HELPS WOMEN BREAK DOWN ENTREPRENEURIAL BARRIERS. THE FIRST WEC WAS AN OVERWHELMING SUCCESS AND STARTED A MUCH-NEEDED MOVEMENT. THERE WAS A HUGE DEMAND TO MAKE WEC AN ANNUAL OR EVEN SEMI-ANNUAL EVENT AND TO KEEP THE MOMENTUM BUILDING. THROUGH A SERIES OF ENTREPRENEURSHIP CONFERENCES AND EVENTS, NEVER TOO LATE TO START CONTINUES TO MAKE AN IMPACT, BY PROVIDING VALUABLE ADVICE FROM EXPERIENCED SPEAKERS AND PANELISTS, ACCESS TO FUNDING, NUMEROUS OPPORTUNITIES FOR NETWORKING, AND A CHANCE TO FEEL CONNECTED, SUPPORTED AND INSPIRED. AND IN ADDITION TO ALL THIS, EACH EVENT TAKES PLACE IN A BEAUTIFUL LOCATION, WITH A FUN, FAMILIAR AND SOCIAL ATMOSPHERE INCLUDING FOOD, DRINKS AND A VARIETY OF COMPLIMENTARY SERVICES, GIVING NEVER TOO LATE TO START A SUPERIOR AND QUALITY EDGE THAT IS SO WELCOMED AND APPRECIATED BY ENTREPRENEURS TODAY.

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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 $30,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,000

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,530

Other Expenses $18,030

TOTAL EXPENSES $20,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,000	N/A	N/A
Expenses	$20,530	N/A	N/A
Net Income	$9,470	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DIANE LEMPERT	SECRETARYTREASURER	Director	$0	$0	$0
RICHARD FINK	VICE PRESIDENT	Director	$0	$0	$0
JOSEPH SPRUNG	PRESIDENT	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	$30,000	$20,530	$17,912	$9,470
2022	$10,000	$3,008	$181,992	$6,992
2021	No data	No data	No data	No data
2020	No data	No data	No data	No data