PRISMS Inc

EIN: 541652029 501(c)(3) Diseases & Disorders

Herndon, VA

Total Revenue
$473,555
Total Expenses
$549,812
Total Assets
$608,397
Net Assets
$597,969
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Principal Officer
Michelle Larscheid
Phone
9722310035
Tax Period
2024-01-01 to 2024-12-31

PRISMS Inc, founded in 1993, is a small nonprofit in the Diseases & Disorders sector that reported $305K in total revenue in fiscal year 2018. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $355K exceeded revenue, resulting in a 17% operating deficit.

Mission

PRISMS is dedicated to providing information and support to families of persons with SMS, sponsoring research and fostering partnerships with professionals to increase awareness and understanding of SMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $373,750
Program Service Revenue $69,500
Investment Income $29,240
Other Revenue $1,065
TOTAL REVENUE $473,555

Expense Breakdown

Grants Paid $20,938
Salaries & Benefits $101,242
Fundraising Expenses $32,352
Program Expenses $427,283
Other Expenses $427,632
TOTAL EXPENSES $549,812

Year-over-Year Comparison

2024 2023 Change
Revenue $473,555 $420,621 +0.1%
Expenses $549,812 $274,778 +1.0%
Net Income $-76,257 $145,843 -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

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
107

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
6
$94,038
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Larscheid Executive Director 040.00
Officer
$94,038 $0 $94,038
Percy Huston President 005.00
Officer Director
$0 $0 $0
Jackie Fallenstein Vice President 005.00
Officer Director
$0 $0 $0
Diane Erth Secretary 005.00
Officer Director
$0 $0 $0
Phil Ruedi Treasurer 005.00
Officer Director
$0 $0 $0
Brandon Daniel Immediate Past President 005.00
Officer Director
$0 $0 $0
Margaret Miller Founding Board Member 003.00
Director
$0 $0 $0
Sarah Elsea PhD Board Member 003.00
Director
$0 $0 $0
Allison Stephanouk Board Member 003.00
Director
$0 $0 $0
Denien Rasmussen Board Member 003.00
Director
$0 $0 $0
Amy Pereira Board Member 003.00
Director
$0 $0 $0
Jason Michaud Board Member 003.00
Director
$0 $0 $0
Michelle Lee Board Member 003.00
Director
$0 $0 $0
Eric Rogers Board Member 040.00
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 $473,555 $549,812 $608,397 $-76,257
2023 $420,621 $274,778 $691,354 $145,843
2022 $358,976 $605,220 $598,973 $-246,244
2021 $265,985 $244,302 $858,213 $21,683
2020 $484,295 $223,440 $829,953 $260,855
2019 $247,457 $172,072 $587,333 $75,385
2018 $305,020 $355,366 $504,027 $-50,346
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