501 PROCTER STREET INC

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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

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

TO ASSIST THE PORT ARTHUR ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTING, REHABILITATING, RENOVATING, REPAIRING, EQUIPING, FURNISHING, AND LEASING THE PORT ARTHUR SAVINGS BUILDING AT 501 PROCTER STREET AND OTHER BUILDINGS IN PORT ARTHUR , TEXAS

Program Service Accomplishments

Program 1

TO ASSIST THE PORT ARTHUR ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTING, REHABILITATING, RENOVATING, REPAIRING. EQUIPPING, FURNISHING AND LEASING THE PORT ARTHUR SAVINGS BUILDING...

TO ASSIST THE PORT ARTHUR ECONOMIC DEVELOPMENT CORPORATION IN FINANCING, CONSTRUCTING, REHABILITATING, RENOVATING, REPAIRING. EQUIPPING, FURNISHING AND LEASING THE PORT ARTHUR SAVINGS BUILDING LOCATED AT 501 PROCTER STREET AND OTHER OLD BUILDINGS IN PORT ARTHUR, TEXAS

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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 $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

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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
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