COMPLEDGE CORP

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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

2021

Legal Domicile

Principal Officer

JOSEPH MUSCARELLE

Phone

2028625079

Tax Period

2023-01-01 to 2023-12-31

COMPLEDGE CORP, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $501K in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 468% operating deficit.

Mission

THE CHARITY WILL MAKE ANNUAL DISTRIBUTIONS TO ITS SUPPORTED ORGANIZATIONS CONSISTENT WITH THE REQUIREMENTS OF A TYPE III SUPPORTING ORGANIZATION, AS DEFINED UNDER SECTION 509(A)(3) AND FOLLOWING THE DEMONSTRATED NEEDS OF ITS SUPPORTED ORGANIZATIONS. AS ALL GRANTS WILL BE MADE TO THE CHARITY'S NAMED SUPPORTED ORGANIZATIONS, THE CHARITY WILL NOT REQUIRE APPLICATIONS OR PROPOSALS FOR EACH GRANT AND WILL DETERMINE THE AMOUNTS OF GRANTSEACH YEAR BASED ON THE NEEDS OF ITS SUPPORTED ORGANIZATIONS. THE CHARITY WILL MONITOR THE USE OF THE FINANCIAL SUPPORT PROVIDED TO ITS SUPPORTED ORGANIZATIONS THROUGH ITS CLOSE AND CONTINUING RELATIONSHIP WITH ITS SUPPORTED ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,825,850

THE ORGANIZATION IS ORGANIZED AND SHALL BE ADMINISTRERED AND OPERATED BY ITS TRUSTEES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3).

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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 $0

Program Service Revenue $0

Investment Income $500,530

Other Revenue $0

TOTAL REVENUE $500,530

Expense Breakdown

Grants Paid $2,825,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,825,850

Other Expenses $15,938

TOTAL EXPENSES $2,841,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,530	N/A	N/A
Expenses	$2,841,788	N/A	N/A
Net Income	$-2,341,258	$0	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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MUSCARELLE	PRES/SECRETARY/TRUSTEE	2.00	Officer Director	$0	$0	$0
JOSEPH FIORENZO	VP/TRUSTEE	2.00	Officer Director	$0	$0	$0
GEORGE HEINRICH MD	TREASURER/TRUSTEE	2.00	Officer Director	$0	$0	$0
CLYDE SZUCH	TRUSTEE	2.00	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	$500,530	$2,841,788	$3,317,857	$-2,341,258
2022	No data	No data	$7,837,735	No data