Poetice (EIN 270842642) - 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

2009

Legal Domicile

Principal Officer

Abigail R Van Peursem

Phone

6162924919

Tax Period

2023-01-01 to 2023-12-31

Poetice, founded in 2009, is a community nonprofit in the Diseases & Disorders sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

Poetice is a vibrant family of Jesus followers actively transforming cities through the revelation of Jesus and the power of the Holy Spirit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,653,863

Program Service Revenue $0

Investment Income $396

Other Revenue $0

TOTAL REVENUE $1,654,259

Expense Breakdown

Grants Paid $1,446,149

Salaries & Benefits $227,310

Fundraising Expenses $48,263

Program Expenses $1,655,595

Other Expenses $87,723

TOTAL EXPENSES $1,761,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,654,259	$1,395,733	+0.2%
Expenses	$1,761,182	$1,265,193	+0.4%
Net Income	$-106,923	$130,540	-1.8%

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

$55,000

Total Directors

$55,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abigail Van Peursem	CEO / Chair	040.00	Officer Director	$55,000	$0	$55,000
Natalie Wiseman	Secretary	001.00	Officer Director	$0	$0	$0
Marlin Van Peursem	Treasurer	001.00	Officer Director	$0	$0	$0
Mitchell Bakker	Director	001.00	Director	$0	$0	$0
Jake Schwertfeger	Director	001.00	Director	$0	$0	$0
David Swenson	Director	001.00	Director	$0	$0	$0
Mary Vandehoef	Director	001.00	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	No data	No data	No data	No data
2023	$1,654,259	$1,761,182	$532,144	$-106,923
2022	$1,395,733	$1,265,193	$628,648	$130,540
2021	$1,098,533	$925,533	$490,843	$173,000
2020	$968,402	$778,876	$339,584	$189,526
2019	$1,033,388	$1,027,483	$191,193	$5,905
2018	$832,302	$935,813	$159,352	$-103,511

Poetice