PLACE OF POSSIBILITIES INC (EIN 300486905) - 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

Bill Early

Phone

2523451144

Tax Period

2023-01-01 to 2023-12-31

PLACE OF POSSIBILITIES INC, founded in 2008, is a micro nonprofit in the Human Services sector that reported $54K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 43% operating deficit.

Mission

To create and support programs hat offer literacy, health awareness and job training to impoverished counties of northeastern North Carolina

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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 $54,453

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,752

Other Expenses $77,970

TOTAL EXPENSES $77,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,453	$99,725	-0.5%
Expenses	$77,970	$76,366	+0.0%
Net Income	$-23,517	$23,359	-2.0%

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
Kim Sshwartz	Board Member	0	Director	$0	$0	$0
VACANT	Board Member	0	Director	$0	$0	$0
VACANT	Board Member	0	Director	$0	$0	$0
VACANT	Board Member	0	Director	$0	$0	$0
Laura Early	CEO/Chair	10	Officer Director	$0	$0	$0
Bill Early	Secretary/Treasurer	5	Officer Director	$0	$0	$0
Paul Askew	Board Member	0	Director	$0	$0	$0
Ann Davis	Board Member	0	Director	$0	$0	$0
Laura Davis	Board Member	0	Director	$0	$0	$0
Michael Rice	Board Member	0	Director	$0	$0	$0
John Richardson	Board Member	0	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	$54,453	$77,970	$44	$-23,517
2022	$99,725	$76,366	$23,561	$23,359
2021	$47,463	$48,473	$102	$-1,010
2020	$35,484	$56,250	$1,112	$-20,766

PLACE OF POSSIBILITIES INC