POWER INSPIRES PROGRESS 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

1993

Legal Domicile

Principal Officer

MARK J SHANNON

Phone

5133240347

Tax Period

2022-01-01 to 2022-12-31

POWER INSPIRES PROGRESS INC, founded in 1993, is a micro nonprofit that reported $48K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $371K exceeded revenue, resulting in a 681% operating deficit.

Mission

POWER INSPIRES PROGRESS OPERATES SMALL BUSINESSES IN THE INNER CITY TO PROVIDE POSITIVE, MEANINGFUL WORK OPPORTUNITIES FOR ADULTS WITH EMPLOYMENT BARRIERS. WE TEACH BASIC EDUCATION, LIFE SKILLS, WORK ETHICS AND PERSONAL RESPONSIBILITY. TRAINEES GAIN THE KNOWLEDGE AND EXPERIENCE TO BE SUCCESSFUL IN THE WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $183,155

THE ORGANIZATION PROVIDES SUPERVISION AND JOB TRAINING TO LOW-INCOME DISADVANTAGED AND DISABLED PERSONS IN THE GREATER CINCINNATI AREA BY PROVIDING THEM WITH SKILLS NEEDED TO OBTAIN JOBS IN THE OPEN MARKET.THE ORGANIZATION DISOLVED IN 2022, WITH AN EFFECTIVE DATE OF JANUARY 30, 2023 WITH THE OHIO SECRETARY OF STATE.

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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 $15,505

Program Service Revenue $4,907

Investment Income $26,761

Other Revenue $337

TOTAL REVENUE $47,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,684

Fundraising Expenses $1,260

Program Expenses $183,155

Other Expenses $280,143

TOTAL EXPENSES $370,827

Year-over-Year Comparison

	2022	2021	Change
Revenue	$47,510	$377,239	-0.9%
Expenses	$370,827	$356,300	+0.0%
Net Income	$-323,317	$20,939	-16.4%

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

Total Directors

$45,915

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW EAVES	CO-CHAIR	2.00	Director	$0	$0	$0
CAT EAVES	TRUSTEE	2.00	Director	$0	$0	$0
CHILTON JONES	TREASURER	2.00	Director	$0	$0	$0
MARYANN BARNHORN	TRUSTEE	2.00	Director	$0	$0	$0
BRICE MACKEY	TRUSTEE	2.00	Director	$0	$0	$0
ALLYSON LILBURN	CO-CHAIR	2.00	Director	$0	$0	$0
SIDNEY LIEBERMAN	TRUSTEE	2.00	Director	$0	$0	$0
DAN PFAHL	TRUSTEE	2.00	Director	$0	$0	$0
MARK SHANNON	PRESIDENT	40.00	Director	$45,915	$0	$45,915
JUDY TENSING	TRUSTEE	40.00	Director	$0	$0	$0
ANDREW THOMAS	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER HARMS	TRUSTEE	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
2022	$47,510	$370,827	No data	$-323,317
2021	$377,239	$356,300	$327,487	$20,939
2020	$249,833	$279,592	$310,539	$-29,759
2019	$472,217	$547,942	$328,960	$-75,725
2018	$639,941	$550,509	$409,320	$89,432