PROMOTE THE VOTE INC

EIN: 854226298 Civil Rights & Advocacy

LANSING, MI

Total Revenue
$954,789
Total Expenses
$947,966
Total Assets
$67,007
Net Assets
$66,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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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 INC, founded in 2020, is a small nonprofit in the Civil Rights & Advocacy sector that reported $955K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum.

Mission

PROMOTE THE VOTE WORKS TO EXPAND THE ELECTORATE, EDUCATE CITIZENS ON VOTING RIGHTS, REFORM REDISTRICTING, ENGAGE CIVIC PARTICIPATION AND PROVIDE ELECTION PROTECTION IN MICHIGAN, AND TO ADVOCATE ON BEHALF OF THOSE ISSUES. AS IT RELATES TO THESE ISSUES, THE CORPORATION MAY DEVELOP AND ADVOCATE FOR LEGISLATION AND INITIATIVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $954,789
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $954,789

Expense Breakdown

Grants Paid $387,500
Salaries & Benefits $185,813
Fundraising Expenses $6,907
Program Expenses $886,008
Other Expenses $374,653
TOTAL EXPENSES $947,966

Year-over-Year Comparison

2024 2023 Change
Revenue $954,789 $501,573 +0.9%
Expenses $947,966 $563,596 +0.7%
Net Income $6,823 $-62,023 -1.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
4
$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 10.00
Officer
$0 $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
SCOTT HOLIDAY MEMBER 1.00
Director
$0 $0 $0
MONIQUE STANTON MEMBER 1.00
Director
$0 $0 $0
MERISSA KOVACH MEMBER 1.00
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 $954,789 $947,966 $67,007 $6,823
2023 $501,573 $563,596 $241,511 $-62,023
2022 $510,174 $717,605 $162,275 $-207,431
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