POWER ACCESS 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

DAVID NEW

Phone

5617039716

Tax Period

2022-01-01 to 2022-12-31

POWER ACCESS INC, founded in 2010, is a small nonprofit in the Diseases & Disorders sector that reported $200K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

To raise funds to promote disability awareness and develop technologies to facilitate accessibility for all.

Program Service Accomplishments

Program 1

Expenses: $205,181 Revenue: $189,879

To raise funds to promote disability awareness through the Annual Jazz Festival

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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 $199,945

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,945

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,181

Other Expenses $204,681

TOTAL EXPENSES $205,181

Year-over-Year Comparison

	2022	2021	Change
Revenue	$199,945	$160,375	+0.2%
Expenses	$205,181	$126,574	+0.6%
Net Income	$-5,236	$33,801	-1.2%

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

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
DAVID NEW	President	10.00	Officer	$0	$0	$0
CECILIA VELASCO	Vice President	5.00	Director	$0	$0	$0
LORI BAKKUM	Director	8.00	Director	$0	$0	$0
SAUL GROSS	Treasurer	2.00	Director	$0	$0	$0
PHIL WALKER	Director	2.00	Director	$0	$0	$0
ENRIQUE ARCE	Director	2.00	Director	$0	$0	$0
TONY OAKLEY	Director	2.00	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
2025	No data	No data	No data	No data
2022	$199,945	$205,181	$56,032	$-5,236
2021	$157,443	$146,634	$30,063	$10,809
2021	$160,375	$126,574	$59,384	$33,801
2020	$196,147	$196,147	$33,185	No data
2019	$201,739	$188,152	$18,527	$13,587