UPSTATE ECONOMIC OPPORTUNITY INC (EIN 863756053) - Form 990 Financial Analysis & Trantor Score

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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

KERI KERPER

Phone

7163325959

Tax Period

2023-01-01 to 2023-12-31

UPSTATE ECONOMIC OPPORTUNITY INC, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 3990% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 99% operating margin.

Mission

TO HELP AMELIORATE POVERTY AND IMPROVE LIVING CONDITIONS FOR RESIDENTS OF UPSTATE NEW YORK BY IMPROVING EMPLOYMENT AND HOUSING OPPORTUNITIES, AND TO DO ANY AND ALL ACTS TO PROVIDE GUIDANCE AND ECONOMIC GROWTH OPPORTUNITIES FOR PEOPLE RESIDING IN UPSTATE NEW YORK THROUGH THE IMPROVEMENT, DEVELOPMENT, MANAGEMENT OR PROVISION OF QUALITY HOUSING AND OTHER FACILITIES FOR PERSONS OF LOW OR MODERATE INCOME AND/OR PERSONS WITH DISABILITIES; GUIDANCE COUNSELING FOR YOUNG PARENTS; CREATION OF JOB OPPORTUNITIES; JOB, CAREER AND VOCATIONAL COUNSELING; IMPROVEMENT OR PROVISION OF RECREATIONAL AND/OR AFTERSCHOL FACILITIES FOR TEENAGERS AND YOUTHS; AND PROVISION OF RECREATIONAL FACILITIES FOR SENIORS.

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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 $1,227,683

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,227,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,184

Other Expenses $8,171

TOTAL EXPENSES $8,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,227,683	$30,020	+39.9%
Expenses	$8,171	$13,199	-0.4%
Net Income	$1,219,512	$16,821	+71.5%

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
KERI KERPER	PRESIDENT	3.00	Officer Director	$0	$0	$0
ADAM TKACZUK	VP AND SECRETARY	3.00	Officer 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	$1,227,683	$8,171	$1,236,333	$1,219,512

UPSTATE ECONOMIC OPPORTUNITY INC