PROSPERITYME

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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

2007

Legal Domicile

Principal Officer

CLAUDE K RWAGANJE

Phone

2077977890

Tax Period

2024-01-01 to 2024-12-31

PROSPERITYME, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $388K, a strong 15% operating margin.

Mission

PROSPERITYME EMPOWERS, THROUGH EDUCATION AND COUNSELING, MEMBERS OF REFUGEE AND IMMIGRANT COMMUNITIES TO INVEST IN THEMSELVES TO BUILD FINANCIAL STABILITY, CAREERS, BUSINESSES AND WEALTH.

Program Service Accomplishments

Program 1

Expenses: $661,155

THE HOUSING PROGRAM WORKS WITH IMMIGRANT INDIVIDUALS AND FAMILIES AT RISK OF HOMELESSNESS TO CREATE A LONG-TERM PLAN FOR HOUSING AND FINANCIAL STABILITY. THE GOAL IS TO REDUCE THE LENGTH OF TIME...

THE HOUSING PROGRAM WORKS WITH IMMIGRANT INDIVIDUALS AND FAMILIES AT RISK OF HOMELESSNESS TO CREATE A LONG-TERM PLAN FOR HOUSING AND FINANCIAL STABILITY. THE GOAL IS TO REDUCE THE LENGTH OF TIME FAMILIES SPEND IN HOMELESSNESS OR PRECARIOUS HOUSING SITUATIONS, SUCCESSFULLY LEASE FAMILIES IN PERMANENT HOUSING, AND LIMIT RETURNS TO HOMELESSNESS WITHIN THE FIRST YEAR OF BEING HOUSED. PROSPERITYME PROVIDED HOUSING NAVIGATION SERVICES TO 450 HOUSEHOLDS AND HOUSED 115 INDIVIDUALS AND FAMILIES IN 2024.

Program 2

Expenses: $317,477

FINANCIAL LITERACY: PROSPERITYME PROVIDED COURSES IN BASIC MONEY MANAGEMENT, WOMENS ECONOMIC EMPOWERMENT, FINANCIAL COACHING AND COUNSELING SERVICES. IN 2024 PROSPERITYME SERVED 365 STUDENTS THROUGH FINANCIAL EDUCATION CLASSES, WOMEN'S ECONOMIC EMPOWERMENT PROGRAMMING, HOW TO BE A SUCCESSFUL TENANT AND 38 CLIENTS THROUGH INDIVIDUAL SESSIONS.

Program 3

Expenses: $196,065

THE HOME ENERGY ASSISTANCE PROGRAM: THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) IS A PROGRAM THAT PROVIDES A FIXED AMOUNT OF FUNDING TO MAINE EACH YEAR FROM THE FEDERAL GOVERNMENT. THE HOME ENERGY...

THE HOME ENERGY ASSISTANCE PROGRAM: THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) IS A PROGRAM THAT PROVIDES A FIXED AMOUNT OF FUNDING TO MAINE EACH YEAR FROM THE FEDERAL GOVERNMENT. THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) HELPS QUALIFIED HOMEOWNERS AND RENTERS PAY FOR HEATING COSTS. BENEFITS INCLUDE HELP PAYING FOR FUEL AND EMERGENCY FUEL DELIVERY. YOU CAN ALSO QUALIFY FOR ENERGY-RELATED REPAIRS IF YOU ARE ELIGIBLE FOR HEAP. PROSPERITYME STAFF ASSISTED 283 FAMILIES WITH HEAP IN 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,397,221

Program Service Revenue $0

Investment Income $160,347

Other Revenue $-23,445

TOTAL REVENUE $2,534,123

Expense Breakdown

Grants Paid $283,364

Salaries & Benefits $1,507,470

Fundraising Expenses $213,663

Program Expenses $1,498,304

Other Expenses $355,770

TOTAL EXPENSES $2,146,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,534,123	$5,434,958	-0.5%
Expenses	$2,146,604	$4,029,651	-0.5%
Net Income	$387,519	$1,405,307	-0.7%

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

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

$203,217

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDE K RWAGANJE	EXECUTIVE DI	40.00	Officer	$197,508	$5,709	$203,217
MICHELLE ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY AXELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK CLANCY	BOARD MEMBER	1.00	Director	$0	$0	$0
EILEEN FONGEMIE	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA FOX	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TARA JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
E'NKUL KANAKAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER NOROD	BOARD MEMBER	1.00	Director	$0	$0	$0
GIMBALA SANKARE	CHAIR	2.00	Officer Director	$0	$0	$0
COLETTE TWIGG-ROWSE	SECRETARY	2.00	Officer Director	$0	$0	$0
SHERRIN VAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA WINSLOW	BOARD MEMBER	1.00	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	$2,534,123	$2,146,604	$5,115,189	$387,519
2023	$5,434,958	$4,029,651	$6,928,836	$1,405,307
2022	$8,661,990	$7,696,543	$3,520,092	$965,447
2021	$1,422,676	$917,053	$1,748,540	$505,623
2020	$835,306	$559,790	$1,072,781	$275,516
2019	$540,319	$531,391	$704,727	$8,928