UNIVERSAL GIFTED SAVINGS INC

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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

Principal Officer

FARHAD MOHIT

Phone

6508047100

Tax Period

2023-01-01 to 2023-12-31

UNIVERSAL GIFTED SAVINGS INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $855K in total revenue in fiscal year 2023.

Mission

TO ALLEVIATE POVERTY AND SUPPORT FINANCIAL STABILITY THROUGH THE USE OF THE TRANSFORMATIONAL IMPACT OF UNRESTRICTED CASH PAYMENTS TO INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $642,193 Revenue: $0

THE ORGANIZATION ENGAGES IN CHARITABLE AND EDUCATIONAL ACTIVITIES TO ALLEVIATE PROVERTY AND SUPPORT FINANCIAL STABILITY THROUGH THE USE OF THE TRANSFORMATIONAL IMPACT OF UNRESTRICTED CASH PAYMENTS TO INDIVIDUALS WITH FINANCIAL NEED. ACTIVITIES DURING 2023 INCLUDED DESIGNING THE ORGANIZATION'S UNIVERSAL GIFTED SAVINGS PROGRAM WITH THE ASSISTANCE OF INTERNAL AND EXTERNAL CONSULTANTS.

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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 $855,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $855,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,287

Fundraising Expenses $0

Program Expenses $642,193

Other Expenses $356,295

TOTAL EXPENSES $845,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$855,000	N/A	N/A
Expenses	$845,582	N/A	N/A
Net Income	$9,418	$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

N/A

Employees

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
STEVEN BOWER	ENGINEERING	40.00	Highest	$150,000	$14,193	$164,193
RAYMOND MARCEAU	ENGINEERING	40.00	Highest	$146,250	$12,442	$158,692
FARHAD MOHIT	PRESIDENT/DIRECTOR	1.00	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	$855,000	$845,582	$142,904	$9,418