700 Prospect Corporation (EIN 341679244) - 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

1991

Legal Domicile

Principal Officer

John Dorhauer

Phone

2167362152

Tax Period

2022-01-01 to 2022-12-31

700 Prospect Corporation, founded in 1991, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 74% operating margin.

Mission

Provides office facilities for the conduct of the religious, charitable, and educational activities

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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 $0

Program Service Revenue $538,193

Investment Income $1,746,761

Other Revenue $154,454

TOTAL REVENUE $2,439,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,652

Fundraising Expenses $0

Program Expenses $606,751

Other Expenses $539,702

TOTAL EXPENSES $644,354

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,439,408	$1,406,810	+0.7%
Expenses	$644,354	$1,043,339	-0.4%
Net Income	$1,795,054	$363,471	+3.9%

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

N/A

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

$711,608

Total Directors

$1,079,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Kimmel	Secretary	1.00	Officer Director	$0	$60,183	$249,289
John Dorhauer	President	1.00	Officer Director	$0	$55,779	$238,929
Tami Marinella	Treasurer	1.00	Officer Director	$0	$50,388	$223,390
Karen Georgia Thompson	Trustee	1.00	Director	$0	$39,714	$184,734
Traci Blackmon	Trustee	1.00	Director	$0	$37,831	$183,081

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	$2,439,408	$644,354	No data	$1,795,054
2021	$1,406,810	$1,043,339	$3,685,072	$363,471
2020	$1,411,671	$1,188,559	$3,707,445	$223,112
2019	$1,285,851	$1,310,524	$3,863,806	$-24,673
2018	$1,247,215	$1,299,005	$4,245,339	$-51,790

700 Prospect Corporation