FLYWHEEL FUND FOR CAREER CHOICE

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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

ELLIOT SCHRAGE

Phone

4157301032

Tax Period

2023-01-01 to 2023-12-31

FLYWHEEL FUND FOR CAREER CHOICE, founded in 2022, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

THE PURPOSES FOR WHICH THE COMPANY IS ORGANIZED IS EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES, WITH THE PRIMARY GOAL OF PROVIDING GRADUATE STUDENTS WITH GREATER FREEDOM OVER THEIR CAREER PATHS BY REMOVING CONCERNS ABOUT THE HIGH COST OF LOAN REPAYMENTS. BY REMOVING FINANCES AS A PREDOMINANT CAREER DECISION MAKING FACTOR, THE OBJECTIVE IS TO ENCOURAGE GRADUATES TO CONSIDER POSITIONS IMPORTANT TO OUR SOCIETY, SUCH AS STATE PROSECUTORS, PUBLIC DEFENDERS, LEGAL AID PROVIDERS, AND OTHER LESS LUCRATIVE PRACTICE AREAS.

Program Service Accomplishments

Program 1

Expenses: $1,075,834

OFFER GRADUATE STUDENTS FLEXIBLE AND AFFORDABLE WAYS TO PAY FOR HIGHER EDUCATION VIA INCOME SHARED LOANS

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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 $1,150,000

Program Service Revenue $0

Investment Income $6,156

Other Revenue $0

TOTAL REVENUE $1,156,156

Expense Breakdown

Grants Paid $1,071,667

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,075,834

Other Expenses $4,167

TOTAL EXPENSES $1,075,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,156,156	$400,000	+1.9%
Expenses	$1,075,834	$84,760	+11.7%
Net Income	$80,322	$315,240	-0.7%

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
ELLIOT SCHRAGE	DIRECTOR, PRESIDENT, SECRETARY, CHAIRMAN	5.00	Officer Director	$0	$0	$0
EUGENE CLARK HERRERA	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN OSOFSKY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY COLD	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$1,156,156	$1,075,834	$395,562	$80,322
2022	$400,000	$84,760	$315,240	$315,240