PASS IT ON INC (EIN 384027847) - 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

2015

Legal Domicile

Principal Officer

DR WILLIE SANDERS JR

Phone

4439427562

Tax Period

2024-01-01 to 2024-12-31

PASS IT ON INC, founded in 2015, is a small nonprofit in the Youth Development sector that reported $610K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $562K left a modest 8% surplus.

Mission

TO CLOSE THE TECHNOLOGY SKILLS GAP EXPERIENCED BY YOUTH AND ADULTS IN DISADVANTAGED BACKGROUNDS.

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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 $95,185

Program Service Revenue $485,582

Investment Income $0

Other Revenue $29,642

TOTAL REVENUE $610,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,943

Fundraising Expenses $0

Program Expenses $482,792

Other Expenses $478,797

TOTAL EXPENSES $561,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,409	$402,529	+0.5%
Expenses	$561,740	$475,605	+0.2%
Net Income	$48,669	$-73,076	-1.7%

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

$25,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES VALERO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TYREE POWELL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BEVERLY CREST	TREASURER	1.00	Officer Director	$0	$0	$0
LAMONT NOORWOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
TIA PRICE	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLYN SAMUELS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR CONNIE JUSTICE	BOARD MEMBER	0.50	Director	$0	$0	$0
DR WILLIE SANDERS JR	EXECUTIVE DIRECTOR	40.00	Officer	$25,220	$0	$25,220

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	$610,409	$561,740	$93,621	$48,669
2023	$402,529	$475,605	$53,646	$-73,076
2022	$281,660	$212,889	$52,872	$68,771

PASS IT ON INC