THE EMPOWERMENT PLAN (EIN 453265365) - 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

2011

Legal Domicile

Principal Officer

VERONIKA SCOTT

Phone

3139189760

Tax Period

2023-04-01 to 2024-03-31

THE EMPOWERMENT PLAN, founded in 2011, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $3.7M left a modest 5% surplus.

Mission

TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY EMPLOYING AND TRAINING HOMELESS INDIVIDUALS WHO MANUFACTURE SLEEPING BAG COATS FOR THOSE IN NEED.

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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 $3,888,532

Program Service Revenue $13,075

Investment Income $15,277

Other Revenue $-25,737

TOTAL REVENUE $3,891,147

Expense Breakdown

Grants Paid $23,654

Salaries & Benefits $2,018,072

Fundraising Expenses $428,292

Program Expenses $2,794,230

Other Expenses $1,646,364

TOTAL EXPENSES $3,688,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,891,147	$3,408,397	+0.1%
Expenses	$3,688,090	$3,354,715	+0.1%
Net Income	$203,057	$53,682	+2.8%

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

$300,586

Total Directors

$173,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERONIKA SCOTT	FOUNDER AND	40.00	Officer Director	$156,699	$17,046	$173,745
ERIKA GEORGE	CHIEF DEV OF	40.00	Highest	$126,550	$12,655	$139,205
ALISSA NOVOSELICK	VP FIN & OPE	40.00	Officer	$105,590	$21,251	$126,841
COYLICIA MOSLEY	DIRECTOR OF	40.00	Highest	$100,293	$9,012	$109,305
TOYA ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILAH CLAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIFFANY FORD	TREASURER	1.00	Officer Director	$0	$0	$0
ROBYN GLASER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE HAMP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHAD KILPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
TIM MELTON	DIRECTOR	1.00	Director	$0	$0	$0
PETER REMINGTON	DIRECTOR	1.00	Director	$0	$0	$0
LORI WINGERTER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$3,891,147	$3,688,090	$5,612,016	$203,057
2023	$3,408,397	$3,354,715	$5,516,989	$53,682
2022	$3,141,834	$3,207,124	$4,512,379	$-65,290
2021	$4,563,292	$3,272,488	$4,623,309	$1,290,804
2021	$4,563,292	$3,272,488	$4,623,309	$1,290,804
2020	$3,820,204	$3,092,249	$3,326,195	$727,955
2019	$2,718,604	$2,569,027	$2,618,794	$149,577

THE EMPOWERMENT PLAN