EMPOWERMENT SYSTEMS INC (EIN 860664708) - 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

1990

Legal Domicile

Principal Officer

JACK BEVERIDGE

Phone

4803676937

Tax Period

2022-07-01 to 2023-06-30

EMPOWERMENT SYSTEMS INC, founded in 1990, is a small nonprofit in the Mental Health sector that reported $409K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $870K exceeded revenue, resulting in a 113% operating deficit.

Mission

EMPOWERING PEOPLE TO IMPROVE LIVES THROUGH COMMUNITY HEALTH AND WELLNESS PROGRAMS INCLUDING HEALTH, EDUCATION, AND PROFESSIONAL DEVELOPMENT PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $172,448

Program Service Revenue $24,779

Investment Income $155,052

Other Revenue $56,919

TOTAL REVENUE $409,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $653,980

Fundraising Expenses $6,265

Program Expenses $759,526

Other Expenses $216,182

TOTAL EXPENSES $870,162

Year-over-Year Comparison

	2022	2021	Change
Revenue	$409,198	$607,741	-0.3%
Expenses	$870,162	$742,700	+0.2%
Net Income	$-460,964	$-134,959	+2.4%

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

$345,835

Total Directors

$208,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STUMPF	DIRECTOR	5.00	Director	$0	$0	$0
JACK BEVERIDGE	PRESIDENT, CHAIR OF THE BO	40.00	Officer Director	$190,498	$17,896	$208,394
MAURICE MILLER	DIRECTOR	5.00	Director	$0	$0	$0
BETSY YURGEL	DIRECTOR	5.00	Director	$0	$0	$0
EDIE FAUST	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTINE MORGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
ROMUALDO MUNOZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM BEVERIDGE	CEO	40.00	Officer	$125,536	$11,905	$137,441

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$409,198	$870,162	$2,283,791	$-460,964
2023	$409,198	$870,162	$2,283,791	$-460,964
2022	$607,741	$742,700	$2,746,861	$-134,959
2021	$647,175	$642,351	$2,604,917	$4,824

EMPOWERMENT SYSTEMS INC