STATE POWER ACTION FUND (EIN 854015096) - 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

PRENTISS HANEY

Phone

8442223420

Tax Period

2024-01-01 to 2024-12-31

STATE POWER ACTION FUND, founded in 2020, is a community nonprofit in the Civil Rights & Advocacy sector that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 9% surplus.

Mission

THE STATE POWER ACTION FUND IS DEDICATED TO EDUCATING THE GENERAL PUBLIC ON RACIAL, ECONOMIC, AND SOCIAL JUSTICE ISSUES AND DEVELOPING STRATEGIES TO REDUCE POVERTY, DECREASE DISPARITIES, AND IMPROVE LIVING CONDITIONS FOR LOW-INCOME AMERICANS.

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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 $3,198,993

Program Service Revenue $94,233

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,293,226

Expense Breakdown

Grants Paid $463,775

Salaries & Benefits $594,840

Fundraising Expenses $0

Program Expenses $2,883,172

Other Expenses $1,929,942

TOTAL EXPENSES $2,988,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,293,226	$1,265,373	+1.6%
Expenses	$2,988,557	$811,819	+2.7%
Net Income	$304,669	$453,554	-0.3%

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

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

$17,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND GREENE	BOARD MEMBER	5.00	Director	$0	$0	$0
DORAN SCHRANTZ	BOARD MEMBER	5.00	Director	$0	$0	$0
PRENTISS HANEY	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
KIRK NODEN	BOARD MEMBER	5.00	Director	$0	$0	$0
BRANDEN SNYDER	BOARD MEMBER	5.00	Director	$0	$0	$0
GINNY GOLDMAN	TREASURER	5.00	Officer Director	$0	$0	$0
LARA GRANICH	BOARD MEMBER	5.00	Director	$0	$0	$0
KRISTEN CROWELL	EXECUTIVE DIRECTOR	40.00	Officer	$17,500	$0	$17,500

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	$3,293,226	$2,988,557	$2,568,691	$304,669
2023	$1,265,373	$811,819	$2,037,339	$453,554
2022	$834,718	$1,540,000	$1,130,169	$-705,282
2021	$1,524,613	$62,207	$1,911,220	$1,462,406

STATE POWER ACTION FUND