NEVER TOO LATE TO START INC

EIN: 844554416 501(c)(3)

NEW YORK, NY

Total Revenue
$30,000
Total Expenses
$20,530
Total Assets
$17,912
Net Assets
$16,462
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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
NY
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE LEMPERT SECRETARYTREASURER 0.00
Director
$0 $0 $0
RICHARD FINK VICE PRESIDENT 0.00
Director
$0 $0 $0
JOSEPH SPRUNG PRESIDENT 0.00
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
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