THE PARTICIPATORY BUDGETING PROJEC… - Form 990 Financial Data

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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

ELIZABETH CREWS

Phone

3476521478

Tax Period

2023-01-01 to 2023-12-31

THE PARTICIPATORY BUDGETING PROJECT INC, founded in 2011, is a community nonprofit in the Public & Societal Benefit sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 34% operating margin.

Mission

OUR MISSION IS TO EMPOWER PEOPLE TO DECIDE TOGETHER HOW TO SPEND PUBLIC MONEY.

Program Service Accomplishments

Program 1

Expenses: $1,332,902 Revenue: $2,197,438

TECHNICAL ASSISTANCE: WE PROVIDE DIRECT SUPPORT TO STRATEGIC PB PROCESSES AND INSTITUTIONS, IN ORDER TO GROW AND IMPROVE THE PRACTICE OF PB. THIS WORK INCLUDES DELIVERING TRAININGS, MATERIALS...

TECHNICAL ASSISTANCE: WE PROVIDE DIRECT SUPPORT TO STRATEGIC PB PROCESSES AND INSTITUTIONS, IN ORDER TO GROW AND IMPROVE THE PRACTICE OF PB. THIS WORK INCLUDES DELIVERING TRAININGS, MATERIALS, COACHING, AND OTHER SUPPORT TO STAFF FROM LOCAL GOVERNMENTS AND ORGANIZATIONS, TO ENABLE THEM TO IMPLEMENT HIGH-IMPACT CIVIC ENGAGEMENT PROCESSES.

Program 2

Expenses: $137,984 Revenue: $3,021

NETWORK BUILDING: WE BUILD RELATIONSHIPS WITH PB PRACTITIONERS, ORGANIZERS, RESEARCHERS, AND OFFICIALS TO INCREASE DEMAND AND SUPPORT FOR PB. THIS WORK INCLUDES MANAGING A PB NETWORK OF STAFF...

NETWORK BUILDING: WE BUILD RELATIONSHIPS WITH PB PRACTITIONERS, ORGANIZERS, RESEARCHERS, AND OFFICIALS TO INCREASE DEMAND AND SUPPORT FOR PB. THIS WORK INCLUDES MANAGING A PB NETWORK OF STAFF PRACTITIONERS, HOLDING INTERNATIONAL CONFERENCES, SHARING BEST PRACTICES AND DATA, AND INTRODUCING PB TO SCALEABLE, HIGH-VISIBILITY POTS OF MONEY, SUCH AS FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANTS, PUBLIC HOUSING FUNDS, AND SCHOOL FUNDS. AND SHIFT POWER TOWARD HISTORICALLY MARGINALIZED COMMUNITIES. FACED WITH A GLOBAL CRISI OF DEMOCRACY, WE ARE A GLOBAL MOVEMENT TO EXPAND PEOPLES DEMOCRATIC POWER, BEYOND ELECTIONS.

Program 3

Expenses: $159,325 Revenue: $0

ORGANIZATIONAL DEVELOPMENT:

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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 $2,561,168

Program Service Revenue $2,342,807

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,903,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,922,300

Fundraising Expenses $243,189

Program Expenses $2,357,444

Other Expenses $1,291,769

TOTAL EXPENSES $3,214,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,903,975	$2,268,499	+1.2%
Expenses	$3,214,069	$1,928,157	+0.7%
Net Income	$1,689,906	$340,342	+4.0%

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

$297,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARI DAVIS	CO-EXECUTIVE DIRECTOR (LEFT JULY 2024)	40.00	Officer	$102,512	$0	$102,512
KRISTINA BANKS	CO- EXECUTIVE DIRECTOR (LEFT MAY 2024)	40.00	Officer	$101,525	$0	$101,525
KRISTANIA DE LEON	CO- EXECUTIVE DIRECTOR (LEFT 12/31/2023)	40.00	Officer	$93,595	$0	$93,595
JOAN BAKIRIDDIN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
EVAN GRANER	TREASURER	3.00	Officer Director	$0	$0	$0
STEPHAN LAFUME	SECRETARY	3.00	Officer Director	$0	$0	$0
CYNDI TERCERO-SANDOVAL	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT SHERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JAN WEETJENS PCC	BOARD MEMBER	3.00	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
2024	No data	No data	No data	No data
2023	$4,903,975	$3,214,069	$3,208,725	$1,689,906
2023	$4,794,027	$3,186,115	$3,133,233	$1,607,912
2022	$2,419,337	$1,821,646	$1,408,769	$597,691
2022	No data	No data	No data	No data
2021	$1,655,645	$1,988,568	$1,036,037	$-332,923
2021	$1,467,731	$2,040,900	$951,434	$-573,169
2020	$1,270,279	$1,412,635	$1,501,107	$-142,356
2019	$1,965,718	$1,271,390	$1,471,664	$694,328

THE PARTICIPATORY BUDGETING PROJECT INC