POVERTEES

EIN: 800554997 501(c)(3) Human Services

LOS ANGELES, CA

Total Revenue
$251,528
Total Expenses
$246,013
Total Assets
$43,387
Net Assets
$24,483
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Tax Period
2023-01-01 to 2023-12-31

POVERTEES, founded in 2013, is a small nonprofit in the Human Services sector that reported $252K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Program Service Accomplishments

Program 1
Expenses: $246,013

WE SUSTAINED SUPPORTIVE EMPLOYMENT FOR 1 INDIVIDUAL, OVER 1,100 HOURS OF EMPLOYMENT. WE ARE WORKING WITH HER TO BEGIN THE PROCESS OF CREATING HER OWN BUSINESS, WHERE SHE IN TURN CAN WORK WITH OTHER...

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WE SUSTAINED SUPPORTIVE EMPLOYMENT FOR 1 INDIVIDUAL, OVER 1,100 HOURS OF EMPLOYMENT. WE ARE WORKING WITH HER TO BEGIN THE PROCESS OF CREATING HER OWN BUSINESS, WHERE SHE IN TURN CAN WORK WITH OTHER WOMEN WHO FIND THEMSELVES IN SIMILAR SITUATIONS AS TO WHERE SHE CAME FROM. THEY WORK TO CONTINUE TO PROVIDE AND SUPPORT THEMSELVES NOW IN THE PRESENT AND BETTER THEIR OPPORTUNITIES FOR THE FUTURE. OUR SUPPORTIVE EMPLOYMENT ALSO INCORPORATES PAID TUTORING FOR OUR EMPLOYEE(S) THAT CHOOSE TO UTILIZE THE PROGRAM, FINANCIAL TRAINING ON PERSONAL FINANCES AND GUIDANCE AS THEY SEEK TO NAVIGATE ACCRUED DEBT FROM THEIR TIME DURING THEIR EXPERIENCE WITH HOMELESSNESS, AND OTHER HOLISTIC SUPPORT AS THEY CONTINUE TO NAVIGATE THIS NEW CHAPTER IN LIFE. WE ALSO GREW OUT RESIDENCY TRAUMA THERAPY PROGRAM FROM 1 INDIVIDUAL TO 13 INDIVIDUALS THAT WE SPONSORED OVER THE YEAR. IT WAS INCREDIBLE TO SEE THE SUCCESS AND IMMEDIATE GROWTH OF A PROGRAM THAT IS CLEARLY NEEDED.

Program 2

WE ENGAGED WITH HUNDREDS OF SUPPORTERS, DONORS, AND BUSINESSES ABOUT THE PROBLEMS SURROUNDING THE UNHOUSED, THE LACK OF READILY AVAILABLE RESOURCES THAT ARE OFTEN OVERLOOKED, AND IN TURN PROVIDING...

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WE ENGAGED WITH HUNDREDS OF SUPPORTERS, DONORS, AND BUSINESSES ABOUT THE PROBLEMS SURROUNDING THE UNHOUSED, THE LACK OF READILY AVAILABLE RESOURCES THAT ARE OFTEN OVERLOOKED, AND IN TURN PROVIDING THEM WITH DEEPER INSIGHT INTO THE COMPLEXITY OF SAID ISSUES. WE WERE ABLE TO DO THIS THROUGH OUR MONTHLY JOURNALS, ENGAGEMENTS, AND HELPING BUSINESSES TO IDENTIFY THEIR ABILITY AND CAPACITY TO MAKE A DIFFERENCE BY CHOOSING HOW TO PURCHASE THEIR GOODS AND GARMENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $137,951
Program Service Revenue $455,728
Investment Income $0
Other Revenue $-342,151
TOTAL REVENUE $251,528

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,577
Fundraising Expenses $0
Program Expenses $246,013
Other Expenses $84,436
TOTAL EXPENSES $246,013

Year-over-Year Comparison

2023 2022 Change
Revenue $251,528 $224,244 +0.1%
Expenses $246,013 $195,287 +0.3%
Net Income $5,515 $28,957 -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

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Governance

Voting Members
3
Independent Members
1
Employees
6
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
2
$88,909
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYLER PATTERSON CEO 40.00
Officer
$46,351 $0 $46,351
HUGH HUGHES PRESIDENT 40.00
Officer
$42,558 $0 $42,558
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 No data No data No data No data
2023 $251,528 $246,013 $43,387 $5,515
2022 $224,244 $195,287 $54,340 $28,957
2021 $134,461 $137,729 $27,713 $-3,268
2019 $130,079 $131,284 $21,978 $-1,205
2018 $108,601 $112,289 $17,411 $-3,688
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