CLIMB USA INC

EIN: 861598626 501(c)(3) Youth Development

MADISON, WI

Total Revenue
$345,572
Total Expenses
$472,818
Total Assets
$192,599
Net Assets
$176,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WI
Principal Officer
ROBERT WYNN
Phone
6083324423
Tax Period
2023-01-01 to 2023-12-31

CLIMB USA INC, founded in 2021, is a small nonprofit in the Youth Development sector that reported $346K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $473K exceeded revenue, resulting in a 37% operating deficit.

Mission

CLIMB'S MISSION IS TO HELP TEENS AND YOUNG ADULTS IMPROVE THEIR FINANCIAL CAPABILITY THROUGH EDUCATION AND CAPITAL MARKET ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $94,909

CLIMB USA HOSTED MULTI-REGIONAL STOCK MARKET EXPERIENCE WHICH WAS A PERFECT COMBINATION OF FUN, NETWORKING, FRIENDLY COMPETITION AND LEARNING TO BUILD WEALTH! THE SME IS A SIMULATION INVESTMENT GAME...

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CLIMB USA HOSTED MULTI-REGIONAL STOCK MARKET EXPERIENCE WHICH WAS A PERFECT COMBINATION OF FUN, NETWORKING, FRIENDLY COMPETITION AND LEARNING TO BUILD WEALTH! THE SME IS A SIMULATION INVESTMENT GAME DESIGNED FOR MIDDLE & HIGH SCHOOL STUDENTS, AS WELL AS ADULTS.

Program 2
Expenses: $72,034

CLIMB COMMUNITY BASED INVESTMENT ENTERPRISES PROVIDED REAL-TIME EDUCATIONAL EXPERIENCES IN LEARNING THE BASICS OF INVESTING AND BUILDING WEALTH THROUGH A STOCK PORTFOLIO.

Program 3
Expenses: $27,053

THE CLIMB YOUTH LEADERSHIP PROGRAM IS A SPECIAL (VIRTUAL) SPACE FOR AMBITIOUS YOUTH TO LEARN AND DEVELOP "THE ECONOMIC WAY OF THINKING AND LIVING". THE VIRTUAL SESSIONS ADDRESS VARIOUS FINANCIAL AND...

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THE CLIMB YOUTH LEADERSHIP PROGRAM IS A SPECIAL (VIRTUAL) SPACE FOR AMBITIOUS YOUTH TO LEARN AND DEVELOP "THE ECONOMIC WAY OF THINKING AND LIVING". THE VIRTUAL SESSIONS ADDRESS VARIOUS FINANCIAL AND HUMAN DEVELOPMENT TOPICS THAT ARE INTERESTING AND RELEVANT FOR TODAY'S TEENS AND YOUNG ADULTS. EACH PARTICIPANT IS ALSO GUIDED THROUGH THE PROCESS OF SELECTING A SPECIAL TOPIC OF INTEREST TO RESEARCH AND PREPARE AS A PRESENTATION FOR THEIR CAPSTONE IN MAY OF EACH YEAR.

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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 $339,434
Program Service Revenue $1,500
Investment Income $1,937
Other Revenue $2,701
TOTAL REVENUE $345,572

Expense Breakdown

Grants Paid $9,189
Salaries & Benefits $267,327
Fundraising Expenses $92,547
Program Expenses $241,767
Other Expenses $196,302
TOTAL EXPENSES $472,818

Year-over-Year Comparison

2023 2022 Change
Revenue $345,572 $529,061 -0.3%
Expenses $472,818 $242,251 +1.0%
Net Income $-127,246 $286,810 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
12
Volunteers
7

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
5
$104,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SCHUG VICE CHAIR 1.00
Officer Director
$0 $0 $0
SALLI MARTYNIAK TREASURER 1.00
Officer Director
$0 $0 $0
ANTHONY COBB CHAIR 1.00
Officer Director
$0 $0 $0
JEREMY TARDY SECRETARY 1.00
Officer Director
$0 $0 $0
CARLA CROSS DIRECTOR 1.00
Director
$0 $0 $0
JAMAR JONES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WYNN EXECUTIVE DIRECTOR 40.00
Officer
$104,000 $0 $104,000
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 $345,572 $472,818 $192,599 $-127,246
2022 $529,061 $242,251 $320,438 $286,810
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