PROSPERITY WORKS

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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

1999

Legal Domicile

Principal Officer

DR ANN LYN HALL

Phone

5052172747

Tax Period

2023-10-01 to 2024-09-30

PROSPERITY WORKS, founded in 1999, is a small nonprofit in the Mutual Benefit sector that reported $583K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $912K exceeded revenue, resulting in a 57% operating deficit.

Mission

PROSPERITY WORKS BUILDS THE CAPACITY OF ORGANIZATIONS AND ADVOCATES FOR POLICIES THAT GENERATE ECONOMIC PROSPERITY FOR ALL NEW MEXICANS. THROUGH THIS WORK, WE IMPLEMENT A VISION THAT EVERY NEW MEXICAN HAS THE OPPORTUNITY, KNOWLEDGE AND RELATIONSHIPS TO ACHIEVE ECONOMIC PROSPERITY.

Program Service Accomplishments

Program 1

Expenses: $228,788 Revenue: $25,571

FINANCIAL INCLUSION AND OPPORTUNITY- INDIVIDUAL DEVELOPMENT ACCOUNTS (IDAS) HAVE BEEN DEPLOYED TO ENCOURAGE SAVINGS, INVESTMENT AND ASSET ACCUMULATION AMONG MODERATE INCOME AND WORKING FAMILIES. IDAS ARE MATCHED SAVINGS ACCOUNTS THAT ARE USED TO (A) BUY A FIRST HOME (B) PURSUE POST SECONDARY EDUCATION (C) START OR EXPAND A SMALL BUSINESS (D)PURCHASE A CAR TO GO TO WORK OR SCHOOL (E) REPAIR A HOME. IN COUNTIES THROUGHOUT NEW MEXICO, PROSPERITY WORKS AND ITS PARTNERS USE IDAS TO STABILIZE FAMILIES FINANCIALLY, ASSIST THEM IN BUILDING ASSETS, AND BUILD STRONG COMMUNITIES. IT IS WITH BANKS, CREDIT UNIONS, NGO'S AND PUBLIC AND PRIVATE INVESTMENTS THAT WE ARE ABLE TO OPERATE THE NEW MEXICO ASSETS CONSORTIUM THAT MANAGES THIS RURAL AND URBAN DELIVERY SYSTEM.

Program 2

Expenses: $301,412 Revenue: $130,000

SUSTAINABLE ENERGY SOLUTIONS PROGRAM- THIS PROGRAM ADDRESSES A KEY FACTOR IN LOW-INCOME FAMILIES: DECREASING THE HIGH COST OF ENERGY; INCREASING EFFICIENCY AND IMPROVING THE HEALTH, SAFETY AND...

SUSTAINABLE ENERGY SOLUTIONS PROGRAM- THIS PROGRAM ADDRESSES A KEY FACTOR IN LOW-INCOME FAMILIES: DECREASING THE HIGH COST OF ENERGY; INCREASING EFFICIENCY AND IMPROVING THE HEALTH, SAFETY AND COMFORT OF HOMES. THIS IS ACCOMPLISHED THROUGH THE IMPLEMENTATION OF EFFICIENCY MEASURES IN HOMES, AND ADVOCATING FOR POLICY THAT REMOVES BARRIERS TO PARTICIPATION AND INCREASES AVAILABLE RESOURCES. THIS INITIATIVE ALSO REPRESENTS LOW-INCOME PEOPLE AT THE PUBLIC REGULATION COMMISSION ON ENERGY BURDEN ISSUES.

Program 3

Expenses: $137,988 Revenue: $4,180

CHILDRENS ECONOMIC SECURITY: PROSPERITY KIDS IS A MATCHED COLLEGE SAVINGS ACCOUNT INITIATIVE. IT IS DESIGNED TO LEVERAGE THE IMPORTANT WORK OF PARTNER ORGANIZATIONS THUS FURTHERING THEIR ENGAGEMENT WITH CLIENTS AND INCREASING THEIR IMPACT. THUS, YOUNG PARENTS ARE RETAINED IN HOME VISITNG PROGRAMS; SINGLE PARENT COLLEGE STUDENTS SUSTAIN THEIR ENROLLMENT; HEADSTART PARENTS PARTICIPATE IN PROGRAM REQUIREMENTS; AND, PARENTS ENROLLED IN CHILD DEVELOPMENT AND COMMUNITY LEADERSHIP COURSES MAKE MAJOR INVESTMENTS IN THE HEALTHLY DEVELOPMENT EDUCATION OF THEIR CHILDREN AND OF THEIR FAMILY AS A WHOLE.

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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 $359,828

Program Service Revenue $219,707

Investment Income $2,521

Other Revenue $768

TOTAL REVENUE $582,824

Expense Breakdown

Grants Paid $169,975

Salaries & Benefits $500,779

Fundraising Expenses $34,103

Program Expenses $828,430

Other Expenses $241,736

TOTAL EXPENSES $912,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,824	$662,063	-0.1%
Expenses	$912,490	$803,844	+0.1%
Net Income	$-329,666	$-141,781	+1.3%

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

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

$195,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ANN LYN HALL	CEO	40.00	Officer	$124,976	$10,928	$135,904
ONA PORTER	FOUNDER EMER	40.00	Officer	$56,997	$2,884	$59,881
JUAN ABEYTA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
VANESSA MATUSZEWSKI-PEER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE ATHENS	TREASURER	1.00	Officer Director	$0	$0	$0
VICKIE OLDMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KARINA BURCIEGA	MEMBER	1.00	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	$582,824	$912,490	$1,556,487	$-329,666
2023	$662,063	$803,844	$1,912,473	$-141,781
2022	$660,541	$665,182	$1,771,855	$-4,641
2021	$462,169	$657,966	$1,402,137	$-195,797
2020	$1,020,246	$770,892	$1,440,624	$249,354
2019	$1,025,750	$1,381,804	$1,350,284	$-356,054
2018	$752,349	$896,838	$1,497,661	$-144,489