UPSURGE BALTIMORE COMMUNITY INC

EIN: 881443475 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$2,943,164
Total Expenses
$2,073,102
Total Assets
$3,067,091
Net Assets
$2,903,429
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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
2022
Legal Domicile
MD
Principal Officer
MADELEINE STOKES
Phone
4438696245
Tax Period
2023-01-01 to 2023-12-31

UPSURGE BALTIMORE COMMUNITY INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $870K, a strong 30% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO MOBILIZE ECOSYSTEM-WIDE SUPPORT IN THE AREAS OF ENTREPRENEURSHIP AND TECHNOLOGY FOR MORE BALTIMOREANS, WITH AN INTENTIONAL FOCUS ON UNDERREPRESENTED AND UNDERSERVED COMMUNITIES, AND PROMOTE COMMUNITY WELFARE BY OFFERING ACCESS TO EDUCATIONAL PROGRAMMING AND OTHER INITIATIVES THAT PROMOTE SOCIAL MOBILITY, AND THE DEVELOPMENT OF PATHWAYS TO BUSINESS OWNERSHIP AND EMPLOYMENT IN THE KNOWLEDGE ECONOMY.

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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 $2,870,000
Program Service Revenue $0
Investment Income $73,164
Other Revenue $0
TOTAL REVENUE $2,943,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $873,085
Fundraising Expenses $0
Program Expenses $1,780,066
Other Expenses $1,200,017
TOTAL EXPENSES $2,073,102

Year-over-Year Comparison

2023 2022 Change
Revenue $2,943,164 $2,568,270 +0.1%
Expenses $2,073,102 $534,903 +2.9%
Net Income $870,062 $2,033,367 -0.6%
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
9
Independent Members
8
Employees
N/A
Volunteers
8

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
$613,642
Total Directors
9
$278,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HANKIN CHAIRPERSON 1.00
Officer Director
$0 $0 $0
RYLAND SUMNER VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JEFFREY CHERRY DIRECTOR 0.50
Director
$0 $0 $0
NICK CULBERTSON DIRECTOR 0.50
Director
$0 $0 $0
ELISE LIBERTO DIRECTOR 0.50
Director
$0 $0 $0
JACOB HODES DIRECTOR 0.50
Director
$0 $0 $0
KEITH STONE DIRECTOR 0.50
Director
$0 $0 $0
SHERVONNE CHERRY DIRECTOR 0.50
Director
$0 $0 $0
JAMIE MCDONALD FORMER PRESIDENT 16.00
Officer Director
$262,500 $15,750 $278,250
MADELEINE STOKES SECRETARY/TREASURER 26.00
Officer
$148,320 $11,161 $159,481
KORY BAILEY PRESIDENT 16.00
Officer
$163,600 $12,311 $175,911
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 $2,943,164 $2,073,102 $3,067,091 $870,062
2022 $2,568,270 $534,903 $2,364,676 $2,033,367
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