THE PROSPERITY FOUNDATION INC (EIN 474364468) - 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

2015

Legal Domicile

Principal Officer

DONNA MULLEN-LECKY

Phone

2039091315

Tax Period

2024-01-01 to 2024-12-31

THE PROSPERITY FOUNDATION INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

CULTIVATE AND GROW BLACK COMMUNITIES IN CONNECTICUT THROUGH CAPACITY-BUILDING SOLUTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,616,156

Program Service Revenue $0

Investment Income $98,213

Other Revenue $0

TOTAL REVENUE $2,714,369

Expense Breakdown

Grants Paid $2,212,133

Salaries & Benefits $159,185

Fundraising Expenses $0

Program Expenses $2,964,673

Other Expenses $791,710

TOTAL EXPENSES $3,163,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,714,369	$1,956,036	+0.4%
Expenses	$3,163,028	$1,997,999	+0.6%
Net Income	$-448,659	$-41,963	+9.7%

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

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

$95,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD HILL	CHAIR/PRESIDENT	5.00	Officer Director	$0	$0	$0
LARRY CONAWAY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DONNA LECKY	TREASURER	3.00	Officer Director	$0	$0	$0
BRIAN COOK	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE COCHRANE	DIRECTOR	1.00	Director	$0	$0	$0
ORSELLA HUGHES	EXECUTIVE DIRECTOR	40.00	Officer	$88,259	$6,945	$95,204

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	$2,714,369	$3,163,028	$2,211,727	$-448,659
2023	$1,956,036	$1,997,999	$3,994,512	$-41,963
2023	$1,796,845	$1,077,594	$3,994,512	$719,251
2022	$1,820,718	$545,536	$1,929,277	$1,275,182
2021	$846,580	$753,625	$1,358,648	$92,955
2020	$329,249	$114,423	$475,358	$214,826
2019	$158,164	$166,673	$228,098	$-8,509
2018	$90,545	$118,385	$179,407	$-27,840

THE PROSPERITY FOUNDATION INC