PURPOSE POINT COMMUNITY RESOURCE C… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

WALTER HITCHCOCK

Phone

4233224988

Tax Period

2024-01-01 to 2024-12-31

PURPOSE POINT COMMUNITY RESOURCE CENTER, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

PURPOSE POINT COMMUNITY RESOURCE CENTER'S MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES BY EMPOWERING THEM TO MEET THE CHALLENGES OF DAILY LIVING USING COMPREHENSIVE METHODS THAT WILL ADDRESS THE EDUCATIONAL, HEALTH AND SOCIO-ECONOMIC WELL-BEING OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,638,882 Revenue: $348,038

LEARNING ACADEMY-THE CONTINUED SHORTAGE OF OVER 2,500 EARLY CHILDHOOD SEATS AVAILABLE IN UNDERSERVED COMMUNITIES OF CHATTANOOGA,OUR ACADEMY IS LOCATED IN AN AREA WITH A 72% MINORITY POPULATION AREA, WITH MORE THAN 68% OF FAMILIES WITH A TOTAL HOUSEHOLD INCOME UNDER $42,000. OUR ACADEMY OPENED IN OCTOBER 2021 SERVING 8 STUDENTS AND QUICKLY GREW TO 60 PLUS WITHIN A YEAR. CONSTRUCTION OF PHASE II BEGAN IN JANUARY OF 2023 TO EXPAND SEATS AVAILABLE IN OUR ACADEMY. CURRENTLY WE ARE SERVING 137 STUDENTS WITH A WAITING LIST OF OVER 82.

Program 2

Expenses: $71,019

COMMUNITY HEALTH & WELLNESS-PROVIDES FREE HEALTH CARE TO PATIENTS IN A COMMUNITY THAT HAS THE WORST HEALTH DISPARITIES IN THE STATE OF TENNESSEE (ZIP CODE 37406). FOCUSING ON PHYSICAL,EMOTIONAL AND SPIRITUAL CARE NEEDS AND OFFERING NUTRITIONAL EDUCATION AND COOKING CLASSES (HEALTHY WAYS). THE PROGRAM IMPACTED 68 PEOPLE IN 2024.

Program 3

Expenses: $53,208

TRAUMATIC HEALING-PROVIDES A COMMUNITY BASED APPROACH TO ADDRESSING THE EPIDEMIC OF PTSD AND OTHER MENTAL HEALTH ISSUES IN URBAN NEIGHBORHOODS. THE TRAUMATIC HEALING PROGRAMMING IMPACTED 46 PEOPLE IN...

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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 $1,539,748

Program Service Revenue $348,038

Investment Income $0

Other Revenue $3,139

TOTAL REVENUE $1,890,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,274,021

Fundraising Expenses $0

Program Expenses $1,764,300

Other Expenses $578,306

TOTAL EXPENSES $1,852,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,890,925	$3,455,936	-0.5%
Expenses	$1,852,327	$1,226,477	+0.5%
Net Income	$38,598	$2,229,459	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER HITCHCOCK	BOARD CHAIR	1.63	Officer Director	$0	$0	$0
LUCIA COOK	BOARD VICE-CHAIR	0.19	Officer Director	$0	$0	$0
TIMOTHY SCOTTON	TREASURER	0.87	Officer Director	$0	$0	$0
LORRAINE MILLER	INTERIM SECRETARY	0.19	Officer Director	$0	$0	$0
ANDREW THOMPSON	BOARD MEMBER	0.19	Director	$0	$0	$0
HAL BOWLING	BOARD MEMBER	0.19	Director	$0	$0	$0
KEN STRIPLING	BOARD MEMBER	0.19	Director	$0	$0	$0
MARK WEST	BOARD MEMBER	0.19	Director	$0	$0	$0
LURONE JENNINGSSR	BOARD MEMBER	0.05	Director	$0	$0	$0
STEPHEN DUGGINS	BOARD MEMBER	0.19	Director	$0	$0	$0
TERNAE JORDAN SR	BOARD MEMBER	1.35	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	$1,890,925	$1,852,327	$4,427,191	$38,598
2023	$3,455,936	$1,226,477	$4,519,697	$2,229,459
2022	$1,147,376	$708,787	$1,282,858	$438,589
2021	$955,561	$272,032	$1,047,621	$683,529
2020	$223,770	$108,079	$166,326	$115,691

PURPOSE POINT COMMUNITY RESOURCE CENTER