Prepare and Prosper

EIN: 237131829 501(c)(3) Human Services

St Paul, MN

Total Revenue
$2,777,225
Total Expenses
$3,407,399
Total Assets
$1,478,737
Net Assets
$913,940
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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
1971
Legal Domicile
MN
Principal Officer
Suyapa Miranda
Phone
6512622155
Tax Period
2024-07-01 to 2025-06-30

Prepare and Prosper, founded in 1971, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

Prepare + Prosper and its volunteers work with low- to moderate-income people to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.

Program Service Accomplishments

Program 1
Expenses: $1,911,415

Prepare + Prosper (P+P) is a Saint Paul based economic justice nonprofit founded in 1971 to provide free high-quality tax perparation to low-income and moderate-income Minnesotans. While tax...

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Prepare + Prosper (P+P) is a Saint Paul based economic justice nonprofit founded in 1971 to provide free high-quality tax perparation to low-income and moderate-income Minnesotans. While tax preparation remains the primary focus, P+P has since evolved into a nationally recognized leader in financial inclusion by offering innovative, accessible programs and tools to supposrt historically disinvested communities in building wealth and improving their financial health. P+P's mission is to work, along with volunteers, with people who have low to moderate incomes to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.

Program 2
Expenses: $801,420

Financial Capability and Learning: Prepare + Prosper runs two major initiatives - Money Mentors and Financial Access in Reach (FAIR) to support greater financial wellbeing. Money Mentors provides...

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Financial Capability and Learning: Prepare + Prosper runs two major initiatives - Money Mentors and Financial Access in Reach (FAIR) to support greater financial wellbeing. Money Mentors provides coaching and resources to participants as they work toward sef-identified goals like vuilding credit or reducing debt. FAIR provides a three-product financial solution for financial underserved households and is designed to be scaled nationally through a community-based distribution model.

Program 3
Expenses: $190,703

P + P has worked to leverage the expertise of its staff, amplify the voices of people directly affected, and build cross sector partnerships and networks to inform policy and systems change and build...

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P + P has worked to leverage the expertise of its staff, amplify the voices of people directly affected, and build cross sector partnerships and networks to inform policy and systems change and build a more equitable and inclusive financial future. Recent efforts include strengthening public policy related to tax credits, asset building and consumer protection. In 2025, P+P continued to enhance it's Systems Change department with the intention of positioning the families we serve as the key stakeholders within the systems and policies that affect them. The department focuses on bringing forth the voices and lived experiences of the many and varied communities we serve to guide our work and inform our change-making agenda. Systems change work includes advocacy, community engagement, network and capacity-building activities.

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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 $2,739,220
Program Service Revenue $0
Investment Income $36,922
Other Revenue $1,083
TOTAL REVENUE $2,777,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,236,900
Fundraising Expenses $329,140
Program Expenses $2,903,538
Other Expenses $1,170,499
TOTAL EXPENSES $3,407,399

Year-over-Year Comparison

2024 2023 Change
Revenue $2,777,225 $2,006,950 +0.4%
Expenses $3,407,399 $2,983,297 +0.1%
Net Income $-630,174 $-976,347 -0.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
65
Volunteers
462

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
$148,955
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremie Greer Chair 5.00
Officer Director
$0 $0 $0
Kara McGuire Vice Chair 3.00
Officer Director
$0 $0 $0
Emma Molls Secretary 1.00
Officer Director
$0 $0 $0
Ronda Chakolis Director 1.00
Director
$0 $0 $0
Marsha Pitts-Phillips Director 1.00
Director
$0 $0 $0
Elizabeth White Director 1.00
Director
$0 $0 $0
Andrew Morem Director 1.00
Director
$0 $0 $0
Roxanny Armendariz Director 1.00
Director
$0 $0 $0
Aide Salgado Director 1.00
Director
$0 $0 $0
Carrie Person Director 1.00
Director
$0 $0 $0
Tom Gottwalt Director 1.00
Director
$0 $0 $0
Suyapa Miranda Executive Director 40.00
Officer
$146,493 $2,462 $148,955
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 $2,777,225 $3,407,399 $1,478,737 $-630,174
2024 $2,006,950 $2,983,297 $1,996,108 $-976,347
2023 $2,572,017 $2,472,462 $3,147,378 $99,555
2022 $2,156,071 $2,195,120 $2,509,288 $-39,049
2021 $2,505,131 $2,242,173 $2,795,257 $262,958
2020 $2,338,121 $1,798,363 $2,435,005 $539,758
2019 $2,086,114 $2,095,497 $1,703,249 $-9,383
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