EDUCATION UPWARD INC

EIN: 994903673 501(c)(3) Education

Albany, NY

Total Revenue
$90,000
Total Expenses
$8,834
Total Assets
$81,166
Net Assets
$81,166
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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
2024
Legal Domicile
NY
Principal Officer
RICHARD HANNMANN
Phone
5184648500
Tax Period
2024-07-01 to 2025-06-30

EDUCATION UPWARD INC, founded in 2024, is a micro nonprofit in the Education sector that reported $90K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 90% operating margin.

Mission

Education Upward, Inc. activities are in furtherance of its charitable and educational purposes, which include the provision of administrative and other services to or for the benefit of, and to otherwise support and advance the purposes of, Excelsior University, Education Upward's sole corporate Member.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Planning for upcoming programs and activities focused on science and public policy, including related research and education initiatives, as well as thought leadership summits in partnership with the...

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Planning for upcoming programs and activities focused on science and public policy, including related research and education initiatives, as well as thought leadership summits in partnership with the Institute of Science for Global Policy.

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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 $90,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $90,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $8,834
TOTAL EXPENSES $8,834

Year-over-Year Comparison

2024 2023 Change
Revenue $90,000 N/A N/A
Expenses $8,834 N/A N/A
Net Income $81,166 $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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$298,989
Total Directors
4
$298,989
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD HANNMANN DIRECTOR - PRESIDENT 1
Officer Director
$0 $19,657 $298,989
CLAR ROSSO DIRECTOR - TREASURER until 1/28/2025 1
Officer Director
$0 $0 $0
CHRISTINE QUINN DIRECTOR - SECRETARY 1
Officer Director
$0 $0 $0
LAURA CASAMENTO DIRECTOR - TREASURER from 1/29/2025-9/17/2025 1
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
2025 $90,000 $8,834 $81,166 $81,166
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