POWER INSPIRES PROGRESS INC

EIN: 311367071 501(c)(3)

CINCINNATI, OH

Total Revenue
$47,510
Total Expenses
$370,827
Total Assets
N/A
Net Assets
N/A
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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
OH
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.

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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%)

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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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Governance

Voting Members
16
Independent Members
14
Employees
1
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
0
$0
Total Directors
12
$45,915
Key Employees
0
$0
Highest Compensated
0
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
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