PERFORMANCE INITIATIVES INC (EIN 202984292) - 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

2005

Legal Domicile

Principal Officer

KERRI GOODRICH

Phone

9125077106

Tax Period

2023-01-01 to 2023-12-31

PERFORMANCE INITIATIVES INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 27% operating margin.

Mission

THE ORGANIZATION OPERATES A FITNESS CENTER IN ORDER TO EDUCATE AND MENTOR YOUTH AND ADULTS MENTALLY, PHYSICALLY, AND SPIRITUALLY BY USING ATHLETICS AND FITNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $399,357

Program Service Revenue $24,800

Investment Income $711

Other Revenue $130

TOTAL REVENUE $424,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,301

Fundraising Expenses $0

Program Expenses $248,930

Other Expenses $195,587

TOTAL EXPENSES $308,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,998	$264,968	+0.6%
Expenses	$308,888	$324,448	0.0%
Net Income	$116,110	$-59,480	-3.0%

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

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

$20,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRI GOODRICH	EXECUTIVE DI	40.00	Officer	$20,800	$0	$20,800
MATTHEW CAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL DENT	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM CHISHOLM JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE KILBRIDE	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL MEYER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
VALERIE WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM WIGGINS	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$424,998	$308,888	$177,685	$116,110
2022	$264,968	$324,448	$43,779	$-59,480
2021	$318,838	$369,819	$89,620	$-50,981
2021	$317,811	$356,437	$110,086	$-38,626
2020	$273,582	$258,954	$130,170	$14,628
2019	$237,832	$271,027	$23,107	$-33,195
2018	$224,406	$213,959	$47,425	$10,447

PERFORMANCE INITIATIVES INC