Poverty Solutions Inc CED Capital (EIN 271916296) - 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

2008

Legal Domicile

Principal Officer

FRANK I IGWEALOR

Phone

3108951839

Tax Period

2023-01-01 to 2023-12-31

Poverty Solutions Inc CED Capital, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 84% operating margin.

Mission

Poverty Solutions designs and deploys programs that empower lowincome to permanently escape poverty through financial capability training

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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 $3,524,165

Program Service Revenue $301,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,825,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,260

Fundraising Expenses $11,643

Program Expenses $622,668

Other Expenses $435,574

TOTAL EXPENSES $627,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,825,665	$1,456,095	+1.6%
Expenses	$627,834	$510,520	+0.2%
Net Income	$3,197,831	$945,575	+2.4%

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

N/A

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
FRANK I IGWEALOR	President and CEO	N/A	Officer	$0	$0	$0
MARTIN NWAEGE	Director	N/A	Director	$0	$0	$0
AMBROSE O EGBUONU	Chairman	N/A	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
2023	$3,825,665	$627,834	$10,846,692	$3,197,831
2022	$1,456,095	$510,520	$5,234,004	$945,575
2021	$4,792,625	$296,959	$7,314,975	$4,495,666
2020	$231,611	$187,985	$3,612,416	$43,626
2019	$2,592,697	$622,767	$2,804,865	$1,969,930
2018	$32,753	$749,497	$1,218,166	$-716,744

Poverty Solutions Inc CED Capital