PRISM Economic Development Corporation (EIN 274679627) - 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

2011

Legal Domicile

Principal Officer

Walter Harvey

Phone

2622276507

Tax Period

2024-01-01 to 2024-12-31

PRISM Economic Development Corporation, founded in 2011, is a small nonprofit in the Human Services sector that reported $412K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $376K left a modest 9% surplus.

Mission

PRISM exists to provide the Sherman Park Community access to resources that result in sustained economic growth human flourishing

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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 $444,459

Program Service Revenue $27,236

Investment Income $-59,847

Other Revenue $0

TOTAL REVENUE $411,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,516

Fundraising Expenses $13,891

Program Expenses $292,716

Other Expenses $295,805

TOTAL EXPENSES $376,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,848	$806,418	-0.5%
Expenses	$376,321	$1,132,129	-0.7%
Net Income	$35,527	$-325,711	-1.1%

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

$51,635

Total Directors

$51,635

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER HARVEY	Executive Director	40.00	Officer Director	$51,635	$0	$51,635
THERESA JONES	Secretary	2.00	Officer Director	$0	$0	$0
YVONNA JOHNS	Treasurer	2.00	Officer Director	$0	$0	$0
MICHAEL ROGERS	ViceChairperson	2.00	Officer Director	$0	$0	$0
BETTY HILL	Chairperson	8.00	Officer 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	$411,848	$376,321	$756,020	$35,527
2023	$806,418	$1,132,129	$745,391	$-325,711
2022	$1,155,184	$754,750	$1,174,483	$400,434
2021	$738,909	$502,478	$810,993	$236,431
2020	$317,636	$335,118	$567,400	$-17,482
2019	$303,637	$235,897	$502,585	$67,740
2018	$415,246	$171,690	$327,905	$243,556

PRISM Economic Development Corporation