GREATER PURPOSE INC

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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

2015

Legal Domicile

Principal Officer

TERESA ANN HARRIS

Phone

8037290075

Tax Period

2022-01-01 to 2022-12-31

GREATER PURPOSE INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $6K in total revenue in fiscal year 2022. Expenses of $23K exceeded revenue, resulting in a 294% operating deficit.

Mission

OUR MISSION IS TO PROVDE TEMPORARY SUPPORTIVE HOMES TO THE HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $3,068 Revenue: $0

PROVIDE COUNSELING TO INDIVIDUALS, FAMILIES AND GROUPS WITH MENTAL HEALTH ISSUES

Program 2

Expenses: $2,455 Revenue: $0

PROVIDE INTERVENTION AND PREVENTION SERVICES TO INDIVIDUALS AND FAMILIES

Program 3

Expenses: $3,901 Revenue: $0

EDUCATE PUBLIC AND CLIENTS ON THE AFFECTS OF ALCOHOL AND DRUG ABUSE EFFECT ON THE BODY

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,788

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,788

Expense Breakdown

Grants Paid $2,034

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $11,458

Other Expenses $19,286

TOTAL EXPENSES $22,820

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,788	$5,361	+0.1%
Expenses	$22,820	N/A	N/A
Net Income	$-17,032	$5,361	-4.2%

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

Total Directors

Key Employees

$1,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA ANN HARRIS	PRESIDENT	40	Key Emp Highest	$1,500	$0	$1,500
HEATHER CERVALO	DIRECTOR	0	Director	$0	$0	$0
DORCHE L HARRIS	EXECUTIVE SECRETARY	10	Director	$0	$0	$0
CORA N HARRIS	VICE PRESIDENT	10	Director	$0	$0	$0
NAKIA L POWELL	DIRECTOR	0	Director	$0	$0	$0
THOMASINA GALLISHAW	DIRECTOR	10	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
2022	$5,788	$22,820	$11,149	$-17,032
2020	No data	$510	$3,794	No data
2019	$836	$1,010	$4,304	$-174
2018	$836	$953	$4,478	$-117