NORTH PHILADELPHIA FINANCIAL PARTNERSHIP NEIGHBORHOOD PROGRESS FUND (EIN 232850840) - 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

1996

Legal Domicile

Principal Officer

LARRICO OWENS

Phone

2152320516

Tax Period

2024-07-01 to 2025-06-30

NORTH PHILADELPHIA FINANCIAL PARTNERSHIP NEIGHBORHOOD PROGRESS FUND, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $524K, a strong 29% operating margin.

Mission

TO FACILITATE ECONOMIC EMPOWERMENT AND FINANCIAL SELF-SUFFICIENCY FOR THE RESIDENTS LIVING IN DISTRESSED COMMUNITIES OF PHILADELPHIA.

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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 $1,102,497

Program Service Revenue $286,852

Investment Income $409,985

Other Revenue $0

TOTAL REVENUE $1,799,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $758,565

Fundraising Expenses $0

Program Expenses $935,021

Other Expenses $517,051

TOTAL EXPENSES $1,275,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,799,334	$1,123,180	+0.6%
Expenses	$1,275,616	$944,938	+0.3%
Net Income	$523,718	$178,242	+1.9%

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

$241,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN GILBERT	CHAIR	3.00	Officer Director	$0	$0	$0
SHIRLEY L COKER ESQ	VICE CHAIR	3.00	Officer Director	$0	$0	$0
MARNICIA DEVORE	SECRETARY	3.00	Officer Director	$0	$0	$0
MARGARET A COBB	TREASURER	3.00	Officer Director	$0	$0	$0
LISA CORBIN	BOARD MEMBER	3.00	Director	$0	$0	$0
TAUSHA SAUNDERS	BOARD MEMBER	3.00	Director	$0	$0	$0
LARRICO OWENS	EXECUTIVE DIRECTOR	50.00	Officer	$236,589	$4,904	$241,493
MILTON K LAWRENCE	SENIOR LOAN OFFICER	40.00	Highest	$126,106	$17,430	$143,536
CHERYL MERRITT	SMALL BUSINESS ADVISOR	40.00	Highest	$107,853	$20,656	$128,509

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	$1,799,334	$1,275,616	$10,397,675	$523,718
2024	$1,123,180	$944,938	$8,957,235	$178,242
2023	$1,430,398	$678,342	$8,099,914	$752,056
2022	$1,165,501	$583,849	$6,683,434	$581,652
2021	$1,228,667	$499,788	$6,459,146	$728,879
2020	$333,280	$572,435	$5,890,047	$-239,155
2019	$700,980	$432,836	$6,139,311	$268,144
2018	$396,011	$375,995	$6,212,083	$20,016

NORTH PHILADELPHIA FINANCIAL PARTNERSHIP NEIGHBORHOOD PROGRESS FUND