Institute For Positive Living (EIN 364386670) - 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

1987

Legal Domicile

Principal Officer

Marrice Coverson

Tax Period

2023-07-01 to 2024-06-30

Institute For Positive Living, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

To promote the quailty of community life with special focus on helping families in low income Chicago comminites to solve educational, social, and economic problems.

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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 $1,009,859

Program Service Revenue $0

Investment Income $3,561

Other Revenue $39,000

TOTAL REVENUE $1,052,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,883

Fundraising Expenses $0

Program Expenses $980,633

Other Expenses $456,982

TOTAL EXPENSES $1,043,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,052,420	$520,677	+1.0%
Expenses	$1,043,865	$506,459	+1.1%
Net Income	$8,555	$14,218	-0.4%

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

$84,647

Total Directors

Key Employees

$184,267

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Barnett	Director of Strategy	40.00	Highest	$130,000	$0	$130,000
Charlotte Barnett	Finance Director	40.00	Key Emp	$99,620	$0	$99,620
Marrice Coverson	Executive Director	40.00	Officer Key Emp	$84,647	$0	$84,647
Valarie Avery	Member	2.00	Director	$0	$0	$0
Demise Cureton	Member	2.00	Director	$0	$0	$0
Marcus Stollenwerck	Member	2.00	Director	$0	$0	$0
Angela Gottschalk	Treasurer	2.00	Officer Director	$0	$0	$0
Karen Hobbs	Vice Chairperson	2.00	Officer Director	$0	$0	$0
Irma Denton	Chairperson	2.00	Officer Director	$0	$0	$0
Marcia Brainin	Secretary	2.00	Officer 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	$1,052,420	$1,043,865	$237,118	$8,555
2023	$520,677	$506,459	$146,386	$14,218
2022	$419,240	$398,463	$129,906	$20,777
2021	$462,442	$445,213	$224,974	$17,229
2020	$295,879	$277,905	$85,590	$17,974
2019	$317,076	$316,650	$75,566	$426

Institute For Positive Living