PASSPORT INC (EIN 611267261) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

DAVID BURROUGHS

Phone

8007690210

Tax Period

2023-10-01 to 2024-09-30

PASSPORT INC, founded in 1994, is a community nonprofit in the Youth Development sector that reported $2.6M in total revenue in fiscal year 2017. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $2.4M left a modest 8% surplus.

Mission

RESOURCES, CAMPS AND CONFERENCES FOR CHRISTIAN MINISTRY AND MISSION TO US AND INTERNATIONAL STUDENTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $902,752

Program Service Revenue $1,793,949

Investment Income $50,051

Other Revenue $19,285

TOTAL REVENUE $2,766,037

Expense Breakdown

Grants Paid $149,237

Salaries & Benefits $1,155,873

Fundraising Expenses $48,114

Program Expenses $2,295,965

Other Expenses $1,402,688

TOTAL EXPENSES $2,707,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,766,037	$2,352,253	+0.2%
Expenses	$2,707,798	$2,344,392	+0.2%
Net Income	$58,239	$7,861	+6.4%

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

876

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

$255,555

Total Directors

$255,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN BURROUGHS	EXECUTIVE VICE-PRESIDENT	60.00	Officer Director	$98,980	$38,988	$137,968
DAVID BURROUGHS	PRESIDENT	60.00	Officer Director	$73,756	$43,831	$117,587
JERRY DENT	BOARD MEMBER	0.10	Director	$0	$0	$0
ROBERT MADDOX	BOARD MEMBER	0.10	Director	$0	$0	$0
LARRY HOVIS	BOARD MEMBER	0.10	Director	$0	$0	$0
SARAH BOBERG	BOARD MEMBER (FROM 10/23)	0.10	Director	$0	$0	$0
SHAUW CHIN CAPPS	BOARD MEMBER	0.10	Director	$0	$0	$0
JENNY OLIVER HINDERER	BOARD MEMBER	0.10	Director	$0	$0	$0
BIJU CHACKO	BOARD MEMBER	0.10	Director	$0	$0	$0
CAROLYN ANDERSON	2ND VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
CHARLES EVANS	3RD VICE PRESIDENT & RECOR	0.10	Officer Director	$0	$0	$0
NATHAN HANSON	TREASURER	0.10	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	$2,766,037	$2,707,798	$2,230,617	$58,239
2023	$2,352,253	$2,344,392	$2,237,606	$7,861
2022	$2,225,291	$1,930,422	$1,420,477	$294,869
2021	$1,565,187	$1,481,604	$1,393,580	$83,583
2020	$1,039,732	$1,047,605	$1,290,738	$-7,873
2019	$2,462,131	$2,392,118	$1,036,536	$70,013
2018	$2,602,580	$2,399,007	$1,080,328	$203,573

PASSPORT INC