STARTING WITH A PENNEY

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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

ANGELINE WADE

Phone

9165199814

Tax Period

2024-01-01 to 2024-12-31

STARTING WITH A PENNEY, founded in 2015, is a small nonprofit in the Human Services sector that reported $184K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $157K left a modest 15% surplus.

Mission

to serve and aid underprivileged children and adults in ways that strengthen and preserve families, encourage personal responsibility, and foster independence.

Program Service Accomplishments

Program 1

Expenses: $2,946 Revenue: $1,415

Food - Programs Supplies emergency food to adults and children, homeless etc... This program always go above and beyond.. This program supports the community by providing needed items such as...

Food - Programs Supplies emergency food to adults and children, homeless etc... This program always go above and beyond.. This program supports the community by providing needed items such as household, toiletries, mechanical etc... The program partners with Good360 who has provided over 900,000 worth of products to the community alone, helping thousands of people in our community.

Program 2

Expenses: $375 Revenue: $501

Veterans/ New Beginnings- Provide essential needs, household items and referrals. Veterans has been helped to accomplish a new start. This program is a must as it has grown and requires much support.

Program 3

Expenses: $539 Revenue: $875

Diaper and Formula closet - Provides items for all children. Special needs children provide items like weighted blanket which help them sleep . Many children has been helped.

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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 $176,549

Program Service Revenue $7,601

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,411

Other Expenses $156,534

TOTAL EXPENSES $156,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,150	$158,227	+0.2%
Expenses	$156,534	$186,716	-0.2%
Net Income	$27,616	$-28,489	-2.0%

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

N/A

Employees

N/A

Volunteers

1050

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
ANGELINE Wade	CEO	20	Officer Director	$0	$0	$0
OSHIONA CALDWELL	SECRETARY	20	Officer	$0	$0	$0
OZZION CALDWELL	MANAGER	20	Officer	$0	$0	$0
DONALD JOHNSON	MANAGER	20	Officer	$0	$0	$0
CHRISTIAN WADE	VICE PRESIDENT	20	Officer	$0	$0	$0
QUINCEY WILLIAMS	TREASURY	20	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	$184,150	$156,534	$101,164	$27,616
2023	$158,227	$186,716	$73,548	$-28,489
2022	$169,090	$107,550	$102,037	$61,540
2022	$174,174	$112,634	$102,037	$61,540