MY POSSIBILITIES (EIN 261509133) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

KAREN WALD

Phone

4692419100

Tax Period

2023-01-01 to 2023-12-31

MY POSSIBILITIES, founded in 2008, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $10.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDE A CENTER OF CONTINUED LEARNING AND PRE-VOCATIONAL TRAINING THAT WILL INCREASE THE INDEPENDENCE, ENHANCE QUALITY OF LIFE AND PRESERVE THE DIGNITY OF ADULTS WITH SPECIAL NEEDS WITHIN COLLIN COUNTY AND SURROUNDING AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,661,681

Program Service Revenue $3,510,094

Investment Income $-19,455

Other Revenue $719,315

TOTAL REVENUE $7,871,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,500,773

Fundraising Expenses $1,062,505

Program Expenses $7,851,273

Other Expenses $3,439,072

TOTAL EXPENSES $9,969,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,871,635	$9,558,893	-0.2%
Expenses	$9,969,845	$8,596,799	+0.2%
Net Income	$-2,098,210	$962,094	-3.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

140

Volunteers

1500

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

$234,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN WALD	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
TAMARA TRUMMER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
BECCY RATLIFF	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARMAINE SOLOMON	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROY ATWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BAUMGARTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BEHRENDT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY DILS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MERYL EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM GARDNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TARA GOODWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIENNE GRACE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONI KAFROUNI	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLETTE LADAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN LARKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFERY LAU	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON LINES	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY MCHUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE MCLAUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JON NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRIS RAMJI	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA RAYNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAELA SEARS	BOARD MEMBER	1.00	Director	$0	$0	$0
HELANIE SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL THOMAS	EXECUTIVE DIRECTOR	40.00	Officer	$213,793	$20,824	$234,617
SUSAN SWAN SMITH	DIRECTOR OF DEVELOPMENT	40.00	Highest	$108,881	$10,911	$119,792
SHELLEY CROWDER	CHIEF PROGRAM OFFICER	40.00	Highest	$102,038	$1,574	$103,612
BRENDA ROZINSKY	GRANTS & FOUNDATION OFFICER	40.00	Highest	$102,124	$1,822	$103,946

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	No data	No data	No data	No data
2023	$7,871,635	$9,969,845	$38,410,384	$-2,098,210
2022	$9,558,893	$8,596,799	$33,408,347	$962,094
2021	$10,188,118	$7,205,982	$35,881,798	$2,982,136
2020	$7,960,178	$6,887,957	$37,426,390	$1,072,221
2019	$13,278,811	$7,308,537	$38,446,189	$5,970,274
2018	$11,953,864	$6,064,061	$34,252,757	$5,889,803

MY POSSIBILITIES