PROMOTE THE VOTE FUND INC

EIN: 854202848 501(c)(3) Civil Rights & Advocacy

LANSING, MI

Total Revenue
$4,562,694
Total Expenses
$3,842,234
Total Assets
$1,528,439
Net Assets
$1,463,174
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MI
Principal Officer
MICHEAL DAVIS
Phone
7343306578
Tax Period
2024-01-01 to 2024-12-31

PROMOTE THE VOTE FUND INC, founded in 2020, is a community nonprofit in the Civil Rights & Advocacy sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $720K, a strong 16% operating margin.

Mission

PROMOTE THE VOTE FUND WILL CONDUCT RESEARCH AND EDUCATE THE PUBLIC ON ISSUES RELATED TO EXPANDING THE ELECTORATE, VOTING RIGHTS, REDISTRICTING REFORM, ELECTION PROTECTION IN MICHIGAN, AND ADVOCATING ON BEHALF OF THOSE ISSUES TO THE EXTENT THAT NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION, EXCEPT AS IS OTHERWISE PROVIDED BY SECTION 501(H) OF THE INTERNAL REVENUE CODE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,533,084
Program Service Revenue $0
Investment Income $24,310
Other Revenue $5,300
TOTAL REVENUE $4,562,694

Expense Breakdown

Grants Paid $619,000
Salaries & Benefits $740,108
Fundraising Expenses $93,607
Program Expenses $3,452,079
Other Expenses $2,483,126
TOTAL EXPENSES $3,842,234

Year-over-Year Comparison

2024 2023 Change
Revenue $4,562,694 $919,384 +4.0%
Expenses $3,842,234 $1,570,124 +1.4%
Net Income $720,460 $-650,740 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
10
Volunteers
432

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
5
$118,861
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHEAL DAVIS EXECUTIVE DI 30.00
Officer
$118,861 $0 $118,861
KHALILAH SPENCER PRESIDENT 1.00
Officer Director
$0 $0 $0
GILDA JACOBS SECRETARY 1.00
Officer Director
$0 $0 $0
JUDY KARANDJEFF TREASURER 1.00
Officer Director
$0 $0 $0
DESSA COSMA MEMBER 1.00
Director
$0 $0 $0
CINDY GAMBOA MEMBER 1.00
Director
$0 $0 $0
DAVID HECKER MEMBER 1.00
Director
$0 $0 $0
REBEKA ISLAM MEMBER 1.00
Director
$0 $0 $0
MEREDITH KENNEDY MEMBER 1.00
Director
$0 $0 $0
RIMA MEROUEH MEMBER 1.00
Director
$0 $0 $0
PAULA BOWMAN MEMBER 1.00
Director
$0 $0 $0
PATRICK SCHUH MEMBER 1.00
Director
$0 $0 $0
BRANDEN SNYDER MEMBER 1.00
Director
$0 $0 $0
MONIQUE STANTON MEMBER 1.00
Director
$0 $0 $0
MERISSA KOVACH VICE PRESIDE 1.00
Officer Director
$0 $0 $0
YVONNE WHITE MEMBER 1.00
Director
$0 $0 $0
KATHI HARRIS 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 $4,562,694 $3,842,234 $1,528,439 $720,460
2023 $919,384 $1,570,124 $881,044 $-650,740
2022 $2,822,113 $1,581,339 $1,447,124 $1,240,774
2021 $475,310 $322,630 $201,160 $152,680
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PROMOTE THE VOTE FUND INC with other nonprofits in Michigan and across the country.