UPCYCLE BIKES (EIN 883891309) - 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

2022

Legal Domicile

Principal Officer

RICK ARMBRUSTER

Phone

6164386400

Tax Period

2024-01-01 to 2024-12-31

UPCYCLE BIKES, founded in 2022, is a small nonprofit in the Human Services sector that reported $433K in total revenue in fiscal year 2024. Revenue surged 280% from the prior year, signaling strong growth momentum. The organization ran a surplus of $154K, a strong 36% operating margin.

Mission

UPCYCLE BIKES STRENGTHENS INDEPENDENCE, OPPORTUNITY, AND CONNECTION THROUGH AFFORDABLE AND ACCESSIBLE TRANSPORTATION BY PROVIDING REFURBISHED ADULT BIKES AT NO COST TO INDIVIDUALS WITH FINANCIAL CONSTRAINTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $332,115

Program Service Revenue $0

Investment Income $948

Other Revenue $99,665

TOTAL REVENUE $432,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,520

Fundraising Expenses $888

Program Expenses $160,472

Other Expenses $155,558

TOTAL EXPENSES $278,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,728	$113,876	+2.8%
Expenses	$278,966	$80,744	+2.5%
Net Income	$153,762	$33,132	+3.6%

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

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
MATT JAGLOWSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA SALTSMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEFANIE DITTMER	TREASURER	2.00	Officer Director	$0	$0	$0
BRANDON TOMASH	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL BOHNSACK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BUCCELLA	DIRECTOR	1.00	Director	$0	$0	$0
MUBASHIR HAIDARY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE QUIGG	DIRECTOR	1.00	Director	$0	$0	$0
RICK ARMBRUSTER	EXECUTIVE DIRECTOR	40.00	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	$432,728	$278,966	$200,527	$153,762

UPCYCLE BIKES