Preventum Initiative Inc

EIN: 823235856 501(c)(3) Health Care

Black Mountain, NC

Total Revenue
$50,880
Total Expenses
$78,425
Total Assets
$5,085
Net Assets
$3,971
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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
2018
Legal Domicile
NC
Principal Officer
Olson Huff
Phone
4235348761
Tax Period
2021-01-01 to 2021-12-31

Preventum Initiative Inc, founded in 2018, is a micro nonprofit in the Health Care sector that reported $51K in total revenue in fiscal year 2021. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 54% operating deficit.

Mission

Combines research and technology to solve complex public health issues. Our current focus is on the opioid crisis - working in prevention.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $45,880
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,007
Other Expenses $78,425
TOTAL EXPENSES $78,425

Year-over-Year Comparison

2021 2020 Change
Revenue $50,880 $96,511 -0.5%
Expenses $78,425 $69,931 +0.1%
Net Income $-27,545 $26,580 -2.0%
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
4
Independent Members
N/A
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
4
$0
Total Directors
4
$0
Key Employees
4
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jacqueline Burgess PhD Executive Director 010.00
Officer Director Key Emp
$0 $0 $0
Stephen Huff Director 010.00
Officer Director Key Emp
$0 $0 $0
Michael Sloan Director 010.00
Officer Director Key Emp
$0 $0 $0
Erick Went Director 010.00
Officer Director Key Emp
$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
2021 $50,880 $78,425 $5,085 $-27,545
2020 $96,511 $69,931 $38,481 $26,580
2019 $235,993 $247,268 $8,727 $-11,275
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