POWER OF THE PURSE INC

EIN: 823524163 501(c)(3) Human Services

MINOT, ND

Total Revenue
$107,199
Total Expenses
$153,679
Total Assets
N/A
Net Assets
N/A
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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
ND
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.

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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 (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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Highest Compensated
0
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
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