PURPOSEFUL PAINTING INC (EIN 462927740) - 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

2013

Legal Domicile

Principal Officer

MARI KNIGHT

Tax Period

2023-01-01 to 2023-12-31

PURPOSEFUL PAINTING INC, founded in 2013, is a micro nonprofit in the Human Services sector that reported $18K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $17K left a modest 6% surplus.

Mission

PURPOSEFUL PAINTING INC WAS CREATED TO ASSIST THE SINGLE WORKING MOM WHO IS FACING CHALLENGES. PURPOSEFUL PAINGING HELPS THE WOMAN WHO HELPS HERSELF. SHE MAKES TOO MUCH MONEY TO QUALIFY FOR ASSITANCE, YET IF SHE HAS AN UNEXPECTED EXPENSE IT COULD BE DEVASTATING FOR HER BUDGET. THROUGH FUNDRAISING AND ART EVENTS WE RAISE MONEY TO GIVE TO THIS DESERVING FORGOTTEN WOMAN.

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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 $17,896

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,896

Expense Breakdown

Grants Paid $12,460

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,056

Other Expenses $4,347

TOTAL EXPENSES $16,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,896	$10,860	+0.6%
Expenses	$16,807	$6,086	+1.8%
Net Income	$1,089	$4,774	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARI KNIGHT	PRESIDENT	N/A	Officer	$0	$0	$0
LOU DENNIG	VICE PRESIDE	N/A	Officer	$0	$0	$0
LAURA SCHAEFER	DIRECTOR	N/A	Officer Director	$0	$0	$0
EMILY PURKINS	TREASURER	N/A	Officer	$0	$0	$0
ABBEY DINN	DIRECTOR	N/A	Director	$0	$0	$0
JANA MOERLIEN	SECRETARY	N/A	Officer	$0	$0	$0
MARYCATHERINE ALLEY	DIRECTOR	N/A	Director	$0	$0	$0
GARY ARMSTRONG	DIRECTOR	N/A	Director	$0	$0	$0
CAROLE CANGIONI	DIRECTOR	N/A	Director	$0	$0	$0
CHARLOTTE GRAYSON	DIRECTOR	N/A	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	$17,896	$16,807	$8,688	$1,089
2022	$10,860	$6,086	$7,599	$4,774
2021	$6,760	$6,760	$2,825	No data
2020	No data	No data	$2,825	No data
2019	$11,800	$10,235	$2,825	$1,565
2018	$10,706	$11,490	$1,260	$-784

PURPOSEFUL PAINTING INC