PROSPERITY CATALYST 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

2010

Legal Domicile

Principal Officer

CATHERINE GIBBONS

Phone

6179360187

Tax Period

2022-10-01 to 2023-09-30

PROSPERITY CATALYST INC, founded in 2010, is a small nonprofit in the International Affairs sector that reported $938K in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $891K left a modest 5% surplus.

Mission

PROSPERITY CATALYST DEVELOPS AND STRENGTHENS WOMEN-LED BUSINESSES IN DISTRESSED REGIONS, PROVIDING BUSINESS AND TECHNICAL TRAINING, CREATING OPPORTUNITIES FOR WOMEN TO ACHIEVE ECONOMIC AND SOCIAL EMPOWERMENT.

Program Service Accomplishments

Program 1

Expenses: $335,574

IN 2013, NOT LONG AFTER THE EARTHQUAKE, PCAT STARTED WORKING IN HAITI, BY PROVIDING BUSINESS MANAGEMENT TRAINING TO 100 WOMEN IN CAP-HAITIAN AND LAUNCHING A WOMEN-LED CANDLE PRODUCTION AND EXPORT...

IN 2013, NOT LONG AFTER THE EARTHQUAKE, PCAT STARTED WORKING IN HAITI, BY PROVIDING BUSINESS MANAGEMENT TRAINING TO 100 WOMEN IN CAP-HAITIAN AND LAUNCHING A WOMEN-LED CANDLE PRODUCTION AND EXPORT COMPANY CALLED FANM LIMYE (WOMEN ILLUMINATED), A FOR-PROFIT BUSINESS, WHICH IS 97% OWNED BY PROSPERITY CATALYST WITH EACH OF THE REMAINING SHARES OWNED BY TWO PCAT BOARD MEMBERS AND THE CURRENT EXECUTIVE DIRECTOR. FANM LIMYE IS ALSO REGISTERED IN HAITI AS A LOCAL NONPROFIT. IN JANUARY 2015, PCAT MOVED THE OPERATION TO PORT-AU-PRINCE (PAP), WHERE THERE WOULD BE EASIER AND CHEAPER ACCESS TO SUPPLIES AND TO BOTH LOCAL AND EXPORT MARKETS.THE GROUP OF WOMEN TRAINED IN CANDLE-MAKING IN PAP FOUND THAT THEIR PRODUCTION WAS HAMPERED BY HIGH QUALITY BEESWAX, SO PCAT DECIDED TO WORK WITH LOCAL BEEKEEPERS STARTING IN 2016. TO DATE, WE HAVE TRAINED 1,108 BEEKEEPERS, 62% WOMEN IN 5 COMMUNES OF THE WEST DEPARTMENT AND 3 COMMUNES OF NIPPES DEPARTMENT. THIS YEAR WE ADDED AGROFORESTRY TRAINING TO THE 32 BEEKEEPING COMMUNITIES AND PLANTED ANOTHER 25,000 TREES. WE ARE ALSO LAUNCHING A MATERNAL CHILD HEALTH AND NUTRITION COMPONENT.

Program 2

Expenses: $390,113

OUR WORK IN IRAQ HAS A SPECIAL EMPHASIS ON SUPPORTING AND PROVIDING ECONOMIC OPPORTUNITIES FOR FEMALE HEADS OF HOUSEHOLD, WAR WIDOWS, INTERNALLY DISPLACED PERSONS (IDPS), AND OTHER VULNERABLE WOMEN. IN 2013, PROSPERITY CATALYST LAUNCHED AN INNOVATIVE AND MARKET-DRIVEN MODEL IN BAGHDAD, IRAQ, WITH THE GOAL OF CREATING ECONOMIC OPPORTUNITY FOR HUNDREDS OF IRAQI WOMEN. WE HAVE SUPPORTED OPERATIONS IN ERBIL, DOHUK, MOSUL, BAGHDAD, BASRA, DHI QAR, MUTHANA, AND HILLA. TO DATE, WE HAVE PROVIDED TECHNICAL TRAINING TO 1,695 IRAQI ARTISANS, 93% WOMEN; PROVIDED BUSINESS FEASIBILITY AND PLANNING TRAINING TO 1,428 ENTREPRENEURS909 ARTISANS, 9285% WOMEN; AND PROVIDED BUSINESS EXPANSION OR START-UP KITS TO 154 142 ARTISAN BUSINESSES EMPLOYING MORE THAN 505 PEOPLE. WE HAVE ALSO TRAINED 103 TOUR GUIDES AND 150 TOURISM ENTREPRENEURS, 55% WOMEN.

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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 $963,354

Program Service Revenue $0

Investment Income $-22,647

Other Revenue $-3,173

TOTAL REVENUE $937,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,166

Fundraising Expenses $59,373

Program Expenses $725,687

Other Expenses $726,539

TOTAL EXPENSES $890,705

Year-over-Year Comparison

	2022	2021	Change
Revenue	$937,534	$823,517	+0.1%
Expenses	$890,705	$951,007	-0.1%
Net Income	$46,829	$-127,490	-1.4%

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

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

$85,964

Total Directors