Parity Inc (EIN 311345623) - 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

1994

Legal Domicile

Principal Officer

Carmelia Osley

Phone

9372283939

Tax Period

2024-01-01 to 2024-12-31

Parity Inc, founded in 1994, is a small nonprofit in the Human Services sector that reported $409K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 48% operating margin.

Mission

Advocating self-sufficiency and collaboration with community partners to teach, train and serve the African American community by providing a mentoring program for urban middle school students.

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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 $384,832

Program Service Revenue $32,131

Investment Income $16

Other Revenue $-8,059

TOTAL REVENUE $408,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,927

Fundraising Expenses $23,093

Program Expenses $151,028

Other Expenses $90,077

TOTAL EXPENSES $213,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,920	$195,791	+1.1%
Expenses	$213,004	$199,065	+0.1%
Net Income	$195,916	$-3,274	-60.8%

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

$100,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carmelia Osley	Chief Operations Officer	040.00	Officer	$100,097	$0	$100,097
William Gillispie	Director	002.00	Director	$0	$0	$0
Deborah Watts Robinson	Director	002.00	Director	$0	$0	$0
Nina Carter	Director	002.00	Officer Director	$0	$0	$0
Joseph Gordon	Treasurer	002.00	Officer Director	$0	$0	$0
Christopher Welch	Secretary	002.00	Officer Director	$0	$0	$0
Dr Edmund H Moore	Co-Chair	002.00	Officer Director	$0	$0	$0
Clinton Brown	Director	002.00	Director	$0	$0	$0
Belinda Mathews Stenson	Director	002.00	Director	$0	$0	$0
Terra Williams	Co-Chair	002.00	Director	$0	$0	$0
Morris Brown	Director	002.00	Director	$0	$0	$0
Debi Chess	Director	002.00	Director	$0	$0	$0
Yvette Kelly-Fields	Director	002.00	Director	$0	$0	$0
Seana McNeal	Director	002.00	Director	$0	$0	$0
Chris Nalls	Director	002.00	Director	$0	$0	$0
Christina Sanders	Director	002.00	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
2024	$408,920	$213,004	$856,304	$195,916
2023	$195,791	$199,065	$600,695	$-3,274
2022	$194,226	$202,033	$538,070	$-7,807
2021	$155,041	$164,713	$598,563	$-9,672
2020	$122,853	$114,704	$582,943	$8,149
2019	$257,560	$229,795	$533,797	$27,765
2018	$151,805	$205,450	$439,569	$-53,645

Parity Inc