PRIMARY SOURCE INC (EIN 042911053) - 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

1989

Legal Domicile

Principal Officer

JENNIFER NIGRO

Phone

6179239933

Tax Period

2024-01-01 to 2024-12-31

PRIMARY SOURCE INC, founded in 1989, is a small nonprofit that reported $973K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

PRIMARY SOURCE EDUCATES GLOBAL CITIZENS BY WORKING WITH TEACHERS TO FOSTER STUDENTS' KNOWLEDGE, SKILLS, AND DISPOSITIONS FOR THOUGHTFUL AND ENGAGED CITIZENSHIP. WITH OUR GUIDANCE AND RESOURCES, TEACHERS CULTIVATE STUDENTS' CIVIC-MINDEDNESS, CULTURAL AWARENESS, AND GLOBAL EDUCATIONAL PROGRAMS.

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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 $251,514

Program Service Revenue $717,668

Investment Income $4,497

Other Revenue $-624

TOTAL REVENUE $973,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,057

Fundraising Expenses $149,055

Program Expenses $658,205

Other Expenses $265,327

TOTAL EXPENSES $1,022,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$973,055	$1,106,353	-0.1%
Expenses	$1,022,384	$1,130,622	-0.1%
Net Income	$-49,329	$-24,269	+1.0%

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

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

$187,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSEMARY HOEY-PISANO	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANNE WATT	DIRECTOR	5.00	Director	$0	$0	$0
MIKE MACEWEN	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM FLEMER	DIRECTOR	5.00	Director	$0	$0	$0
WHITNEY MCKNIGHT THRU 092024	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOIA KIRBY	DIRECTOR	5.00	Director	$0	$0	$0
CADDIE NATH-FOLSOM	DIRECTOR	5.00	Director	$0	$0	$0
DR DAN GREEN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER NIGRO	EXECUTIVE DIRECTOR	40.00	Officer	$147,384	$39,811	$187,195
DEBORAH CUNNINGHAM	SENIOR PROGRAM DIRECTOR	40.00	Highest	$107,851	$4,083	$111,934

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	$973,055	$1,022,384	$758,243	$-49,329
2023	$1,106,353	$1,130,622	$774,536	$-24,269
2022	$1,269,755	$1,105,934	$856,607	$163,821
2021	$1,214,924	$1,061,753	$560,849	$153,171
2020	$1,015,692	$944,455	$548,783	$71,237
2019	$798,465	$881,847	$428,544	$-83,382
2018	$916,323	$899,653	$437,925	$16,670

PRIMARY SOURCE INC