Prism Streetlights Inc

EIN: 813836857 501(c)(3) Public & Societal Benefit

Warwick, RI

Total Revenue
$1,665,284
Total Expenses
$1,352,357
Total Assets
$1,707,645
Net Assets
$1,598,176
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
RI
Principal Officer
George Woodbury
Phone
6178212868
Tax Period
2023-07-01 to 2024-06-30

Prism Streetlights Inc, founded in 2016, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $313K, a strong 19% operating margin.

Mission

PRISM Streetlights was incorporated to provide municipalities with experienced people to manage the delivery, cost, and maintenance of streetlight systems. In doing so, PRISM helps municipalities stretch their budgets and achieve greater energy independence.

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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 $0
Program Service Revenue $1,667,670
Investment Income $-2,386
Other Revenue $0
TOTAL REVENUE $1,665,284

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,937
Fundraising Expenses $14,245
Program Expenses $1,254,139
Other Expenses $1,229,420
TOTAL EXPENSES $1,352,357

Year-over-Year Comparison

2023 2022 Change
Revenue $1,665,284 $2,619,216 -0.4%
Expenses $1,352,357 $2,432,881 -0.4%
Net Income $312,927 $186,335 +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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
$50,000
Total Directors
3
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank Brown Board Member 1.00
Director
$0 $0 $0
Brian Woodbury Chief Executive Officer 40.00
Officer Director
$50,000 $0 $50,000
George Woodbury Chief Financial Officer 40.00
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 $1,665,284 $1,352,357 $1,707,645 $312,927
2023 $2,619,216 $2,432,881 $1,293,714 $186,335
2022 $3,738,874 $3,216,804 $1,456,314 $522,070
2021 $3,281,144 $3,399,245 $2,245,329 $-118,101
2020 $1,261,910 $1,358,127 $1,126,601 $-96,217
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