TRUENU (EIN 920354787) - 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

DEAN KELLEY

Phone

6304979440

Tax Period

2024-01-01 to 2024-12-31

TRUENU, founded in 2022, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.9M in total revenue in fiscal year 2024. Revenue surged 582% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 61% operating margin.

Mission

TRUENU ENERGIZES STUDENT-ATHLETES, CHARITIES, AND NORTHWESTERN UNIVERSITY SUPPORTERS TO POSITIVELY IMPACT OUR COMMUNITY AND OUR WORLD. TRUENU IS A UNIQUE PLATFORM THAT ENABLES COMMUNITY-MINDED NU STUDENT- ATHLETES TO DO WELL WHILE DOING GOOD THROUGH NIL PARTNERSHIPS. WE CONNECT LOCAL CHARITIES WITH WILDCATS FROM ALL VARSITY PROGRAMS - PUTTING THEIR TIME, TALENTS AND INFLUENCE TO WORK TO HELP OUR COMMUNITY THRIVE.

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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 $10,881,363

Program Service Revenue $0

Investment Income $32,714

Other Revenue $0

TOTAL REVENUE $10,914,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $76,541

Program Expenses $3,629,117

Other Expenses $4,241,887

TOTAL EXPENSES $4,241,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,914,077	$1,600,923	+5.8%
Expenses	$4,241,887	$1,588,638	+1.7%
Net Income	$6,672,190	$12,285	+542.1%

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

Volunteers

N/A

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

$290,526

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB SCHMIDT	EXECUTIVE DI	40.00	Key Emp	$267,500	$23,026	$290,526
DEAN KELLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAUL SCHNEIDER	TREASURER	N/A	Officer Director	$0	$0	$0
NATHAN TAPHORN	SECRETARY	N/A	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	$10,914,077	$4,241,887	$6,900,954	$6,672,190
2023	$1,600,923	$1,588,638	$230,632	$12,285
2022	$386,000	$170,531	$215,469	$215,469

TRUENU