THE PENNY FOUNDATION (EIN 823036091) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

LYORD WATSON

Phone

2056778361

Tax Period

2024-01-01 to 2024-12-31

THE PENNY FOUNDATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $570K in total revenue in fiscal year 2021. Revenue surged 590% from the prior year, signaling strong growth momentum. The organization ran a surplus of $247K, a strong 43% operating margin.

Mission

CONNECTING PEOPLE, ORGANIZATIONS, AND RESOURCES IN THE AREA OF EDUCATION, COMMUNITY DEVELOPMENT, AND ECONOMIC DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,596,462

Program Service Revenue $0

Investment Income $4,062

Other Revenue $0

TOTAL REVENUE $8,600,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,859

Fundraising Expenses $0

Program Expenses $8,514,371

Other Expenses $8,037,512

TOTAL EXPENSES $8,514,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,600,524	$2,677,136	+2.2%
Expenses	$8,514,371	$2,519,214	+2.4%
Net Income	$86,153	$157,922	-0.5%

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

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
CHARLIE GLOVER	BOARD CHAIR	001.00	Director	$0	$0	$0
FLORESHA WATKINS	BOARD MEMBER	001.00	Director	$0	$0	$0
MAURI ROBINSON	BOARD MEMBER	001.00	Director	$0	$0	$0
JOHN LONG	BOARD MEMBER	001.00	Director	$0	$0	$0
JULIAN GRANT	BOARD MEMBER	001.00	Director	$0	$0	$0
MARTHA SIMS	BOARD MEMBER	001.00	Director	$0	$0	$0
KHADIJAH ABDULLAH	BOARD MEMBER	001.00	Director	$0	$0	$0
HERSCHELL HAMILTON	BOARD MEMBER	001.00	Director	$0	$0	$0
TIMOTHY B CLAY	TREASURER	001.00	Director	$0	$0	$0
BRITTNEY TAYLOR	BOARD MEMBER	001.00	Director	$0	$0	$0
COREY GREEN	BOARD MEMBER	001.00	Director	$0	$0	$0
JANINE SMITH	BOARD MEMBER	001.00	Director	$0	$0	$0
LISA WILLIAMS	SECRETARY	001.00	Director	$0	$0	$0
WALTER TURNER	BOARD MEMBER	001.00	Director	$0	$0	$0
EBONI LITTLE	BOARD MEMBER	001.00	Director	$0	$0	$0
BOB DICKERSON	BOARD MEMBER	001.00	Director	$0	$0	$0
LYORD WASTSON	CEO	040.00	Officer	$0	$0	$0
TRACY REESE MOORE	CFO	040.00	Officer	$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	$8,600,524	$8,514,371	$828,543	$86,153
2023	$2,677,136	$2,519,214	$761,552	$157,922
2022	$1,697,715	$1,443,108	$590,814	$254,607
2021	$570,277	$323,115	$329,861	$247,162

THE PENNY FOUNDATION