ESSENTIALS FOR SUCCESS INC

EIN: 932787199 501(c)(3) Human Services

BROOKLYN, NY

Total Revenue
$249,901
Total Expenses
$262,682
Total Assets
$32,891
Net Assets
$32,891
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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
2023
Legal Domicile
NY
Principal Officer
ABE SHREM
Phone
9175206007
Tax Period
2024-01-01 to 2024-12-31

ESSENTIALS FOR SUCCESS INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION EDUCATES, EMPOWERS, AND MENTORS YOUNG ADULTS FOR LIFE AND CAREER DIRECTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $249,901
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $249,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $188,036
Program Expenses $58,454
Other Expenses $262,682
TOTAL EXPENSES $262,682

Year-over-Year Comparison

2024 2023 Change
Revenue $249,901 $218,524 +0.1%
Expenses $262,682 $172,852 +0.5%
Net Income $-12,781 $45,672 -1.3%
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
3
Independent Members
3
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABE SHREM SECRETARY 1.00
Officer
$0 $0 $0
MARK SERUYA PRESIDENT 2.00
Officer
$0 $0 $0
JEFFREY COHEN TREASURER 2.00
Officer
$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 $249,901 $262,682 $32,891 $-12,781
2023 $218,524 $172,852 $45,672 $45,672
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