POSSIBILITY LABS (EIN 853989363) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

TYRA EDMOND

Phone

4432215534

Tax Period

2024-01-01 to 2024-12-31

POSSIBILITY LABS, founded in 2020, is a mid-sized nonprofit in the Human Services sector that reported $54.0M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.0M, a strong 32% operating margin.

Mission

OUR MISSION IS TO CO-CREATE A NEW ECONOMY WHERE BLACK, INDIGENOUS, PEOPLE OF COLOR, AND HISTORICALLY LOW-INCOME COMMUNITIES HAVE THE POWER OF SELF-DETERMINATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $51,897,256

Program Service Revenue $1,819,658

Investment Income $316,811

Other Revenue $3,182

TOTAL REVENUE $54,036,907

Expense Breakdown

Grants Paid $24,825,759

Salaries & Benefits $6,644,907

Fundraising Expenses $718,124

Program Expenses $34,693,505

Other Expenses $5,542,572

TOTAL EXPENSES $37,013,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,036,907	$24,985,359	+1.2%
Expenses	$37,013,238	$33,827,449	+0.1%
Net Income	$17,023,669	$-8,842,090	-2.9%

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

$633,382

Total Directors

$282,339

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA DANIELS	CO-CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$143,024	$8,308	$151,332
MARK WATSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KHALID KADIR	SECRETARY	1.00	Director	$0	$0	$0
ROSEMARY E FEI	BOARD MEMBER	1.00	Director	$0	$0	$0
LEO FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MALLOY	TREASURER	1.00	Director	$0	$0	$0
TIM ORTEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMYE WOOTEN	CO-CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$123,657	$7,350	$131,007
KRYSTAL STARVIS	CHIEF OPERATING OFFICER	40.00	Officer	$98,551	$5,867	$104,418
YUMARI MARTINEZ	CO-EXECUTIVE DIRECTOR	40.00	Officer	$125,836	$5,105	$130,941
DEBORAH NELSON	CO-EXECUTIVE DIRECTOR	40.00	Officer	$108,524	$7,160	$115,684
JILLIAN SMITH	SENIOR DIRECTOR OF OPERATIONS	40.00	Highest	$154,952	$2,412	$157,364
VIDHYA ANANTHAKRISHNAN	MANAGING DIRECTOR	40.00	Highest	$108,351	$7,520	$115,871

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	$54,036,907	$37,013,238	$45,927,669	$17,023,669
2023	$24,985,359	$33,827,449	$21,615,149	$-8,842,090
2023	$24,985,359	$33,827,449	$21,615,149	$-8,842,090
2022	$43,362,506	$19,492,753	$29,603,098	$23,869,753
2022	$46,742,841	$20,919,752	$30,143,060	$25,823,089
2021	$6,183,574	$4,241,803	$2,326,557	$1,941,771
2020	$380,000	$149,076	$261,806	$230,924

POSSIBILITY LABS