POWER OF THE PURSE INC

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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

Principal Officer

Ashlee Deschamp

Phone

7013405592

Tax Period

2022-01-01 to 2022-12-31

POWER OF THE PURSE INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $107K in total revenue in fiscal year 2022. Revenue surged 328% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO SUPPORT AND FUND PROJECTS AND PROGRAMS THAT BENEFIT WOMEN AND CHILDREN IN THE MINOT, NORTH DAKOTA AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $46,436 Revenue: $17,745

PROVIDE FACILITIES AND SUPPORT FOR A WOMEN'S SOBER LIVING HOME TO ASSIST WOMEN IN ADDICTION RECOVERY WITH THE TRANSITION TO THEIR NEW LIVES.

Program 2

Expenses: $107,243 Revenue: $0

GRANT MAKING TO ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE FOR WOMEN AND CHILDREN IN THE MINOT, NORTH DAKOTA AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,151

Program Service Revenue $17,745

Investment Income $65,303

Other Revenue $0

TOTAL REVENUE $107,199

Expense Breakdown

Grants Paid $131,394

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,679

Other Expenses $22,285

TOTAL EXPENSES $153,679

Year-over-Year Comparison

	2022	2021	Change
Revenue	$107,199	$25,060	+3.3%
Expenses	$153,679	$27,242	+4.6%
Net Income	$-46,480	$-2,182	+20.3%

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

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
ASHLEE DESCHAMP	PRESIDENT	1	Officer Director	$0	$0	$0
LACEY STEVICK	VICE PRESIDENT	1	Officer Director	$0	$0	$0
CHELSEA KIRKHAMMER	SECRETARY	1	Officer Director	$0	$0	$0
KRISTEN BOEN	TREASURER	1	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
2022	$107,199	$153,679	No data	$-46,480