PARTICIPANT INC (EIN 260017746) - 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

2001

Legal Domicile

Principal Officer

LIA GANGITANO

Phone

2122544334

Tax Period

2024-01-01 to 2024-12-31

PARTICIPANT INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $353K, a strong 20% operating margin.

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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 $1,719,430

Program Service Revenue $0

Investment Income $9

Other Revenue $6,624

TOTAL REVENUE $1,726,063

Expense Breakdown

Grants Paid $610,953

Salaries & Benefits $172,883

Fundraising Expenses $135,187

Program Expenses $1,163,124

Other Expenses $589,258

TOTAL EXPENSES $1,373,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,726,063	$755,693	+1.3%
Expenses	$1,373,094	$478,788	+1.9%
Net Income	$352,969	$276,905	+0.3%

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

$36,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIA GANGITANO	FOUNDER/DIRECTOR	40.00	Officer	$36,462	$0	$36,462
VAGINAL DAVIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARI SPIRITO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ETHAN JARDINE	TREASURER	0.50	Officer Director	$0	$0	$0
THALIA FEILEN	SECRETARY	0.50	Officer Director	$0	$0	$0
RENAUD PROCH	BOARD MEMBER	0.50	Director	$0	$0	$0
ELISABETH SUSSMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNIE OHAYON	BOARD MEMBER (RESIGNED ON AUGUST 2024)	0.50	Director	$0	$0	$0
TONY OURSLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLEN F SALPETER	BOARD MEMBER (RESIGNED ON OCTOBER 2024)	0.50	Director	$0	$0	$0
JOSEPH R WOLIN	BOARD MEMBER (RESIGNED ON SEPTEMBER 2024)	0.50	Director	$0	$0	$0
MARISA NEWMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DERRICK ADAMS	BOARD MEMBER (RESIGNED IN 2024)	0.50	Director	$0	$0	$0
JUSTIN VIVIAN BOND	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFFREY GIBSON	BOARD MEMBER	0.50	Director	$0	$0	$0
APRIL HUNT	BOARD MEMBER	0.50	Director	$0	$0	$0
ROSE LORD	BOARD MEMBER	0.50	Director	$0	$0	$0
SHERI PASQUARELLA	BOARD MEMBER	0.50	Director	$0	$0	$0
RAMSEY MCPHILLIPS	BOARD MEMBER	0.50	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
2024	$1,726,063	$1,373,094	$976,365	$352,969
2024	No data	No data	No data	No data
2023	$755,693	$478,788	$845,798	$276,905
2022	$700,428	$562,930	$216,038	$137,498
2021	$349,783	$435,513	$74,734	$-85,730
2021	$418,378	$479,568	$147,673	$-61,190
2020	$454,339	$298,316	$160,469	$156,023
2019	$306,944	$369,037	$50,179	$-62,093
2018	$315,622	$330,363	$112,772	$-14,741
2018	$338,613	$333,063	$111,602	$5,550

PARTICIPANT INC