POLARIS VILLAGE MINISTRIES

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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

DERICK DALY

Phone

4103106241

Tax Period

2022-07-01 to 2023-06-30

POLARIS VILLAGE MINISTRIES, founded in 2019, is a small nonprofit in the Religion sector that reported $795K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $294K, a strong 37% operating margin.

Mission

TO PROVIDE A FAITH BASED VILLAGE OF SUPPORT FOR EVERY STUDENT AND FAMILY SERVED THROUGH THOUGHTFUL, COHESIVE, AND EQUITY-MINDED PARTNERSHIP IN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $379,547 Revenue: $795,318

IN ADDITION TO INSTRUCTIONAL PROGRAMS, ORGANIZATION PROVIDES ACCESS TO AN ARRAY OF EXISTING COMMUNITY SERVICES THAT RESPOND TO THE NEEDS IDENTIFIED BY STUDENTS AND FAMILIES. ORGANIZATION SUPPORTS THE SUCCESS OF CHILDREN AND FAMILIES BY CENTERING THEIR VOICES AND LEVERAGING COLLABORATIONS WITH COMMUNITY PARTNERS.

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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 $795,318

Program Service Revenue $0

Investment Income $82

Other Revenue $0

TOTAL REVENUE $795,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,919

Fundraising Expenses $2,510

Program Expenses $379,547

Other Expenses $114,699

TOTAL EXPENSES $501,618

Year-over-Year Comparison

	2022	2021	Change
Revenue	$795,400	$926,380	-0.1%
Expenses	$501,618	$455,577	+0.1%
Net Income	$293,782	$470,803	-0.4%

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

N/A

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH SHORT	SECRETARY	3.00	Director	$0	$0	$0
DERICK DALY	PRESIDENT	40.00	Officer	$110,000	$0	$110,000
JAMES BELL	VP	3.00	Officer	$0	$0	$0
ANDREW DALY	TREASURER	3.00	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	No data	No data	No data	No data
2023	$795,400	$501,618	$2,509,155	$293,782
2022	$926,380	$455,577	$1,718,250	$470,803
2021	$454,770	$310,495	$281,860	$144,275