PORTALS PUBLIC IMPROVEMENTS ASSOCIATION (EIN 521675423) - 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

1989

Legal Domicile

Principal Officer

STEVEN GRIGG

Phone

2025525300

Tax Period

2023-01-01 to 2023-12-31

PORTALS PUBLIC IMPROVEMENTS ASSOCIATION, founded in 1989, is a small nonprofit that reported $867K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $394K, a strong 45% operating margin.

Mission

THE ASSOCIATION FUNCTIONS TO PROVIDE FOR THE MAINTENANCE OF THE PUBLIC IMPROVEMENTS COVERED BY THE DECLARATION OF EASEMENTS AND COVENANTS OF THE PORTALS RECORDED IN THE LAND RECORDS OF THE DISTRICT OF COLUMBIA ON JUNE 29, 1989 LOCATED IN SOUTHWEST WASHINGTON, DC.

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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 $867,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $867,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,246

Fundraising Expenses $0

Program Expenses $466,156

Other Expenses $395,110

TOTAL EXPENSES $473,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,308	$714,427	+0.2%
Expenses	$473,356	$391,390	+0.2%
Net Income	$393,952	$323,037	+0.2%

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

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
STEVEN A GRIGG	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD L KRAMER	VICE PRESIDENT/SECRETARY	0.10	Officer Director	$0	$0	$0
GEORGE W CANTRELL	TREASURER THRU SEP 2021	4.00	Officer Director	$0	$0	$0
FRANKLIN L HANEY	DIRECTOR	0.10	Director	$0	$0	$0
SUSAN HINSON	TREASURER	4.00	Officer 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	$867,308	$473,356	$9,472,233	$393,952
2022	$714,427	$391,390	$9,193,929	$323,037
2021	$817,845	$267,300	$8,742,869	$550,545
2020	$880,570	$286,881	$8,209,971	$593,689
2019	$910,578	$300,749	$7,599,738	$609,829
2018	$787,231	$316,471	$7,022,928	$470,760

PORTALS PUBLIC IMPROVEMENTS ASSOCIATION