PARTNERSHIP DEVELOPMENT FOUNDATION… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

MICHELLE WREN

Phone

7573978473

Tax Period

2025-01-01 to 2025-12-31

PARTNERSHIP DEVELOPMENT FOUNDATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $215K in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $345K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO SUPPORT THE CITY OF PORTSMOUTH BY RECLAIMING UNDER PERFORMING PROPERTIES FOR A HIGHER AND BETTER USE FOR THE ECONOMIC GROWTH OF THE ENTIRE CITY AND BY PROVIDING FINANCIAL RESOURCES FOR OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $345,351

TO SUPPORT ECONOMIC GROWTH IN THE CITY OF PORTSMOUTH BY PROVIDING FINANCIAL SUPPORT AND HUMAN RESOURCES FOR SPECIFIC PROJECTS AND BY PROMOTING EDUCATION WITHIN THE CITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $214,325

Program Service Revenue $0

Investment Income $54

Other Revenue $128

TOTAL REVENUE $214,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $345,351

Other Expenses $345,351

TOTAL EXPENSES $345,351

Year-over-Year Comparison

	2025	2024	Change
Revenue	$214,507	$426,608	-0.5%
Expenses	$345,351	$284,945	+0.2%
Net Income	$-130,844	$141,663	-1.9%

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
CAMILLE CHERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAX GREENHOOD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WILLIAM H HARGROVE III	TREASURER/SE	1.00	Officer Director	$0	$0	$0
CHRIS SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS LYONS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW TUTTLE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HERETICK	DIRECTOR	1.00	Director	$0	$0	$0
ROSS CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON ROBINETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WREN	EXECUTIVE DI	5.00	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
2025	$214,507	$345,351	$1,374,169	$-130,844
2024	$426,608	$284,945	$1,536,692	$141,663
2023	$270,274	$151,793	$1,720,116	$118,481
2022	$518,132	$233,658	$1,258,807	$284,474
2021	$502,133	$145,545	$761,009	$356,588
2019	$-282,947	$9,040	$5,999	$-291,987
2018	$41	$125	$740,807	$-84

PARTNERSHIP DEVELOPMENT FOUNDATION INC