Untapped Potential Project (EIN 814255463) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

Karin Norington-Reaves

Phone

3035915770

Tax Period

2024-01-01 to 2024-12-31

Untapped Potential Project, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $675K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 21% operating margin.

Mission

Provided scholarships to bridge the gap between student skills and employer needs, creating new opportunities for prosperity while building community.

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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 $675,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $675,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $26,245

Program Expenses $490,886

Other Expenses $532,478

TOTAL EXPENSES $532,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$675,000	$325,011	+1.1%
Expenses	$532,478	$454,929	+0.2%
Net Income	$142,522	$-129,918	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karin Norington-Reaves	CEO	2.00	Officer Director	$0	$0	$0
James M Sweeney	Secretary and Director	2.00	Officer Director	$0	$0	$0
Jim Conolly	Director	2.00	Director	$0	$0	$0
Don Finn	Director	2.00	Director	$0	$0	$0
Phaedra Leslie	Director	2.00	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	$675,000	$532,478	$137,162	$142,522
2023	$325,011	$454,929	$56,519	$-129,918
2022	$300,011	$287,196	$72,477	$12,815

Untapped Potential Project