PROPEL INC

EIN: 010793986 501(c)(3) Youth Development

DEERFIELD BEACH, FL

Total Revenue
$2,332,123
Total Expenses
$1,247,169
Total Assets
$1,363,757
Net Assets
$1,332,254
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
FL
Principal Officer
GREGG FRANCIS
Phone
5619558553
Tax Period
2023-01-01 to 2023-12-31

PROPEL INC is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 47% operating margin.

Mission

PROPEL IS A NOT-FOR-PROFIT ORGANIZATION IS DEDICATED TO FOSTERING LEADERSHIP POTENTIAL, ACADEMIC AND CAREER SUCCESS, AND HEALTHY LIVING CHOICES OF UNDERSERVED YOUTH (AGES 7-21) LIVING IN PALM BEACH, BROWARD, AND POLK COUNTIES OF FLORIDA BY PROVIDING AFTER-SCHOOL PROGRAMMING, COMMUNITY INVOLVEMENT AND ENRICHMENT ACTIVITIES, SUMMER CAMP OPPORTUNITIES, JOB PLACEMENT SUPPORT AND COLLEGE SCHOLARSHIPS. PROPEL IS A NOT-FOR-PROFIT ORGANIZATION CONSISTING OF FOUR PROFESSIONAL PAID STAFF, AND A BOARD OF DIRECTORS, ADVISERS, AND VOLUNTEERS WHICH ARE COMPRISED OF COMMUNITY LEADERS AND BENEFACTORS.

Program Service Accomplishments

Program 1
Expenses: $1,164,275

PROPEL ACTS AS A CATALYST FOR SUSTAINED POSITIVE CHANGE IN THE LIVES OF FAMILIES AND COMMUNITIES BY ESTABLISHING COLLABORATIVE PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS, BUSINESSES, SERVICE...

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PROPEL ACTS AS A CATALYST FOR SUSTAINED POSITIVE CHANGE IN THE LIVES OF FAMILIES AND COMMUNITIES BY ESTABLISHING COLLABORATIVE PARTNERSHIPS WITH COMMUNITY ORGANIZATIONS, BUSINESSES, SERVICE PROVIDERS, AND GOVERNMENT AGENCIES. PROPEL STRENGTHENS AND STABILIZES THE FUNCTIONING OF THOSE UNDERSERVED THROUGH A VARIETY OF MULTIFACETED SERVICES, SUCH AS LITERACY, FINANCIAL LITERACY, MENTORSHIP, TUTORING, NOURISHMENT, AND APPRENTICESHIP, WITH AN END GOAL FOR THE STUDENTS TO OBTAIN HIGHER EDUCATION AND/OR A SKILLED TRADE IN HOPE OF BREAKING CYCLES OF POVERTY. THIS IS ACCOMPLISHED BY DEVELOPING INNOVATIVE STRATEGIES AND INTERVENTIONS THAT RESPOND TO THE IDENTIFIED NEEDS OF INDIVIDUALS WITHIN A TARGETED COMMUNITY. PROPEL INSTILLS THE SENSE OF RESPONSIBILITY FOR ONE'S ACTIONS, INDOCTRINATES SELF-DISCIPLINE BASED ON HARD WORK, PROMOTES EMPOWERMENT AMONG YOUTH, FAMILIES, AND COMMUNITIES AND UTILIZES THE VARIED EXPERIENCE AND EXPERTISE OF INDIVIDUALS DEMONSTRATING KNOWLEDGE IN VARIOUS SUPPORTIVE SERVICES BEING OFFERED IN ADDITION TO ASSESSING INDIVIDUAL GOALS AND ASSISTING THEM IN BEING ACHIEVED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,990,443
Program Service Revenue $13,403
Investment Income $0
Other Revenue $328,277
TOTAL REVENUE $2,332,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $371,970
Fundraising Expenses $32,212
Program Expenses $1,164,275
Other Expenses $875,199
TOTAL EXPENSES $1,247,169

Year-over-Year Comparison

2023 2022 Change
Revenue $2,332,123 $1,126,853 +1.1%
Expenses $1,247,169 $1,103,645 +0.1%
Net Income $1,084,954 $23,208 +45.7%
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

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Governance

Voting Members
3
Independent Members
3
Employees
9
Volunteers
20

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
$120,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES MARCHITELLO VICE CHAIR 2.00
Officer
$0 $0 $0
MARTA BATMASIAN SECRETARY/TR 2.00
Officer
$0 $0 $0
GREGG FRANCIS CHAIR 40.00
Officer
$120,000 $0 $120,000
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
2023 $2,332,123 $1,247,169 $1,363,757 $1,084,954
2022 $1,126,853 $1,103,645 $374,975 $23,208
2021 $365,070 $336,111 $232,092 $28,959
2020 $257,282 $255,206 $240,926 $2,076
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