UPSWING FOUNDATION

EIN: 853622275 501(c)(3) Youth Development

LAKEWOOD, CO

Total Revenue
$1,010,282
Total Expenses
$2,779,966
Total Assets
$28,801,739
Net Assets
$27,344,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
HARMONY MYERS
Phone
7206080259
Tax Period
2023-10-01 to 2024-09-30

UPSWING FOUNDATION, founded in 2020, is a community nonprofit in the Youth Development sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 175% operating deficit.

Mission

UPSWING FOUNDATION'S MISSION IS TO CATAPULT DREAMS AND CONNECT PEOPLE, SPECIFICALLY BY (I) PROVIDING FIRST-RATE RESOURCES & OPPORTUNITIES TO UNDERSERVED YOUTH. (II) UNIFYING DIVERSE COMMUNITIES VIA EDUCATION, WHIMSY & GATHERING. (III) BUILDING & MAINTAINING SPORTS FACILITY THAT EMPOWERS & INSPIRES ALL. (IV) SUPPORTING OTHER NONPROFIT AND FOREIGN ORGANIZATIONS THAT ALIGN BOTH IN MISSION AND APPLICATION OF FOUNDATION'S AIM.

Program Service Accomplishments

Program 1
Expenses: $1,849,152 Revenue: $11,105

ENRICHMENT, SCHOLARSHIPS, ATHLETIC FACILITY:UPSWING PROVIDES SPECIALIZED SPORTS TRAINING AND MENTORSHIP TO EDUCATE GIFTED UNDERSERVED STUDENT-ATHLETES WHO DO NOT OTHERWISE HAVE THE RESOURCES TO...

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ENRICHMENT, SCHOLARSHIPS, ATHLETIC FACILITY:UPSWING PROVIDES SPECIALIZED SPORTS TRAINING AND MENTORSHIP TO EDUCATE GIFTED UNDERSERVED STUDENT-ATHLETES WHO DO NOT OTHERWISE HAVE THE RESOURCES TO OBTAIN SUCH SPORTS TRAINING.OUR UPSWING EXPERIENCE SCHOLARSHIP PROVIDES ASPIRING ATHLETES WITH ACCESS TO THE HIGHEST QUALITY PERFORMANCE TRAINING AND RECOVERY PROGRAMS AVAILABLE, HELPING BUILD SPEED, STRENGTH, ENDURANCE, AND OVERALL HEALTH BOTH INSIDE AND OUTSIDE OF STANDARD SPORTS SEASONS.CONTINUED ON SCHEDULE O.ANOTHER PURPOSE OF UPSWING FOUNDATION INCLUDES BUILDING AND MAINTAINING A SPORTS FACILITY (PREVIOUSLY THE SPORTSPLEX) THAT LESSENS THE BURDENS OF GOVERNMENT BY PROVIDING MUCH-NEEDED YOUTH TRAINING, COMPETITION, AND ATHLETIC RECREATION SPACE AND THAT COMBATS JUVENILE DELINQUENCY BY SERVING THE WHOLE STUDENT-ATHLETE.

Program 2
Expenses: $446,238

HUMANITARIAN:UPSWING FOUNDATION MAINTAINS A RETREAT HOME AND EDUCATION FACILITY (PREVIOUSLY THE RETREAT HOME) TO SUPPORT GENERAL WELL-BEING, MENTAL HEALTH, AND DEVELOPMENT AND PROVIDE RETREATS FOR...

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HUMANITARIAN:UPSWING FOUNDATION MAINTAINS A RETREAT HOME AND EDUCATION FACILITY (PREVIOUSLY THE RETREAT HOME) TO SUPPORT GENERAL WELL-BEING, MENTAL HEALTH, AND DEVELOPMENT AND PROVIDE RETREATS FOR CHILDREN FROM UNDERSERVED COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,627
Program Service Revenue $11,105
Investment Income $991,827
Other Revenue $1,723
TOTAL REVENUE $1,010,282

Expense Breakdown

Grants Paid $291,091
Salaries & Benefits $746,272
Fundraising Expenses $0
Program Expenses $2,295,390
Other Expenses $1,742,603
TOTAL EXPENSES $2,779,966

Year-over-Year Comparison

2023 2022 Change
Revenue $1,010,282 $915,309 +0.1%
Expenses $2,779,966 $1,829,147 +0.5%
Net Income $-1,769,684 $-913,838 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
7
Volunteers
6

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
4
$597,187
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARMONY MYERS PRESIDENT 15.00
Officer Director
$0 $0 $0
JASON MYERS SECRETARY/TREASURER 10.00
Officer Director
$0 $0 $0
SUSAN HOLLERN DIRECTOR 1.00
Director
$0 $0 $0
JOSH WILSON CEO 40.00
Officer
$159,549 $1,955 $366,734
TED GERBICK CMO (THRU 7/24) 40.00
Officer
$89,706 $8,881 $230,453
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 $1,010,282 $2,779,966 $28,801,739 $-1,769,684
2023 $915,309 $1,829,147 $29,390,588 $-913,838
2022 $10,093,105 $1,720,281 $30,631,775 $8,372,824
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