PROSPECT INC

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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

1967

Legal Domicile

Principal Officer

ANDY WHITE

Phone

6154440597

Tax Period

2021-07-01 to 2022-02-28

PROSPECT INC, founded in 1967, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2021. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $4.1M left a modest 4% surplus.

Mission

TO PROVIDE SUPPORT SERVICES AND EMPLOYMENT TO PEOPLE WHO HAVE DISABILITIES OR OTHER BARRIERS TO PERSONAL INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $3,443,892 Revenue: $3,412

EMPLOYMENT SERVICES, RESIDENTIAL AND HOME SUPPORT SERVICES, DAY SERVICES, CHILD DEVELOPMENT, FAMILY SUPPORT AND OTHER PROGRAMS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,153,918

Program Service Revenue $0

Investment Income $6,290

Other Revenue $62,433

TOTAL REVENUE $4,222,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,525,469

Fundraising Expenses $0

Program Expenses $3,443,892

Other Expenses $540,145

TOTAL EXPENSES $4,065,614

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,222,641	$6,938,330	-0.4%
Expenses	$4,065,614	$5,944,020	-0.3%
Net Income	$157,027	$994,310	-0.8%

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

166

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

$199,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER BAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE COWAN	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
LAUREN WOODEN	SECRETARY	1.00	Director	$0	$0	$0
XAVIER SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE HARPER	VICE CHAIR	1.00	Director	$0	$0	$0
CLANCEY HOPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN HALLMARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLESE ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY WHITE	EXECUTIVE DIRECTOR	40.00	Officer	$121,196	$0	$121,196
MICHAEL PITTMAN	CONTROLLER	40.00	Officer	$78,114	$0	$78,114

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
2022	$4,222,641	$4,065,614	No data	$157,027
2021	$6,938,330	$5,944,020	$2,980,515	$994,310
2020	$5,921,912	$5,902,877	$3,100,274	$19,035
2019	$6,191,267	$6,073,670	$1,984,888	$117,597
2018	$6,233,335	$6,092,823	$1,858,509	$140,512