PREMIUM CIGAR COALITION

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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

2019

Legal Domicile

Principal Officer

KATY PRUSSOCK

Phone

5707088108

Tax Period

2023-01-01 to 2023-12-31

PREMIUM CIGAR COALITION, founded in 2019, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2023. Expenses of $247K exceeded revenue, resulting in a 12% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $240,548

THE COALITION IS WORKING WITH ANY STATE TAXING ENTITY OR LEGISLATURE THAT HAS PASSED OR EXPRESSES AN INTENTION TO PASS LAWS IN RELATION TO THE COLLECTION OF EXCISE TAXES ON REMOTE SALES OF PREMIUM...

THE COALITION IS WORKING WITH ANY STATE TAXING ENTITY OR LEGISLATURE THAT HAS PASSED OR EXPRESSES AN INTENTION TO PASS LAWS IN RELATION TO THE COLLECTION OF EXCISE TAXES ON REMOTE SALES OF PREMIUM CIGARS. TO DATE LEGISLATION HAS BEEN PASSED IN OHIO, MARYLAND, INDIANA, VIRGINIA, NORTH CAROLINA, MICHIGAN, COLORADO, SOUTH DAKOTA, MAINE AND WISCONSIN. IN ALL OF THE ABOVE STATES THE PREMIUM COGAR COALITION (WITH THE ASSISTANCE AND SUPPORT OF TRIPLETT & ASSOCIATES AND FOX ROTHSCHILD) WORKED WITH THE LEGISLATURE AND THE TAXING AUTHORITY ON ISSUES SUCH AS THE TAX BASE, LICENSING AND COLLECTION AND REMITTANCE OF THE TAXES. IN THE REMAINING STATES, WE ARE WORKING ON DRAFTING LEGISLATION TO ADDRESS SIMILAR ISSUES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $220,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,548

Other Expenses $246,926

TOTAL EXPENSES $246,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,000	$220,000	N/A
Expenses	$246,926	$196,686	+0.3%
Net Income	$-26,926	$23,314	-2.2%

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
ARTHUR ZARETSKY	PRESIDENT	0.25	Officer Director	$0	$0	$0
BRAD CARSS	SECRETARY	0.50	Officer Director	$0	$0	$0
KENDALL HOUK	TREASURER	1.00	Officer Director	$0	$0	$0
MILLIE LUKOSE	DIRECTOR	0.25	Director	$0	$0	$0
NADIA TROWBRIDGE	DIRECTOR	0.25	Director	$0	$0	$0
DENNIS MCCOOE	DIRECTOR	0.25	Director	$0	$0	$0
DIANE KALAMBOKAS	DIRECTOR	0.25	Director	$0	$0	$0
GREG FOX	DIRECTOR	0.25	Director	$0	$0	$0
ODED BEN-ARIE	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$220,000	$246,926	$3,594	$-26,926
2022	$220,000	$196,686	$30,520	$23,314