501 PROCTER STREET INC (EIN 463169468) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

PAT HOLMES

Phone

4099630579

Tax Period

2023-01-01 to 2023-12-31

501 PROCTER STREET INC, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $10K in total revenue in fiscal year 2023. The organization ran a surplus of $4K, a strong 43% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES , INCLUDING , FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALITY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND TO ASSIST THE CITY OF PORT ARTHUR, TEXAS ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTIONG, REHABILITATIOG, RENOVATING, REPAIRING, EQUIPPING FURNITURE, LEASING PROPERTIES, FACITITIES, STREET IMPROVEMENTS AND PARKING LOTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,549

Other Revenue $125

TOTAL REVENUE $9,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,158

Other Expenses $5,512

TOTAL EXPENSES $5,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,674	N/A	N/A
Expenses	$5,512	$7,665	-0.3%
Net Income	$4,162	$-7,665	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KAPRINA FRANK	VICE-PRESIDE	N/A	Officer	$0	$0	$0
PAT HOLMES	PRESIDENT	N/A	Officer	$0	$0	$0
ELI ROBERTS	ASSISTANT SE	N/A	Officer	$0	$0	$0
DEBORA SCOTT	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL SINEGAL	TREASURER	N/A	Officer	$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	$9,674	$5,512	$484,219	$4,162
2022	No data	$7,665	$458,576	No data
2021	$6,096	$612,185	$506,689	$-606,089
2020	$1,714,759	$170,564	$1,098,917	$1,544,195
2019	$-112,684	$22,301	$4,783,667	$-134,985
2018	$-96,979	$32,091	$4,933,671	$-129,070

501 PROCTER STREET INC