E POLK INC (EIN 300156436) - 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

2003

Legal Domicile

Principal Officer

JIM EDWARDS

Tax Period

2023-01-01 to 2023-12-31

E POLK INC, founded in 2003, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 40% operating margin.

Mission

PANGAEA MISSION: TO DELIVER AFFORDABLE, RELIABLE CONNECTIVITY SERVICES TO THE REGION. THESE SERVICES WILL ACCELERATE ECONOMIC DEVELOPMENT AND IMPROVE QUALITY OF LIFE WHILE EXPANDING ACCESS INTO UNDERSERVED AREAS.

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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 $845,668

Program Service Revenue $1,924,615

Investment Income $1,009

Other Revenue $14,067

TOTAL REVENUE $2,785,359

Expense Breakdown

Grants Paid $50,319

Salaries & Benefits $722,080

Fundraising Expenses $0

Program Expenses $776,504

Other Expenses $886,349

TOTAL EXPENSES $1,658,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,785,359	$1,650,834	+0.7%
Expenses	$1,658,748	$1,606,355	+0.0%
Net Income	$1,126,611	$44,479	+24.3%

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

$179,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON A WALTERS	EXEC DIRECTOR	40.00	Officer	$179,130	$0	$179,130
RUSS PITTS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GARRISON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SHERPING	DIRECTOR	1.00	Director	$0	$0	$0
MARCHE PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
HARRY GRYMES	TREASURER	1.00	Officer Director	$0	$0	$0
JOE CROWDER	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$2,785,359	$1,658,748	$3,544,981	$1,126,611
2023	No data	No data	No data	No data
2022	$1,650,834	$1,606,355	$1,933,576	$44,479
2021	$1,526,655	$1,461,712	$1,902,633	$64,943
2020	$1,262,820	$1,280,285	$1,886,699	$-17,465
2019	$1,140,281	$1,106,315	$1,960,606	$33,966
2018	$1,168,498	$1,129,450	$1,997,097	$39,048

E POLK INC