PROGRAM BELIEVE (EIN 871134200) - 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

2021

Legal Domicile

Principal Officer

KAY HORNE

Phone

2282225593

Tax Period

2023-01-01 to 2023-12-31

PROGRAM BELIEVE, founded in 2021, is a small nonprofit in the Human Services sector that reported $326K in total revenue in fiscal year 2023. Expenses of $291K left a modest 11% surplus.

Mission

OUR MISSION IS TO ASSIST THE MOST UNDER-SERVED, VULNERABLE AND LOW-INCOME COMMUNITIES OF THE MISSISSIPPI GULF COAST WITH EDUCATIONAL RESOURCES AND IMMIGRATION LEGAL SERVICES THAT ARE AFFORDABLE AND IMPACTFUL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $326,065

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $326,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,268

Fundraising Expenses $0

Program Expenses $44,320

Other Expenses $184,170

TOTAL EXPENSES $291,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,065	$323,587	+0.0%
Expenses	$291,438	$279,946	+0.0%
Net Income	$34,627	$43,641	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIE SEARCY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY DICK	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE NELSON	CHAIR	1.00	Officer	$0	$0	$0
VERA ROBERTSON	VICE-CHAIR	1.00	Officer	$0	$0	$0
MEAGAN PARKER	TREASURER	1.00	Officer	$0	$0	$0
ANGEL GREER	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	$326,065	$291,438	$156,107	$34,627
2022	$323,587	$279,946	$121,458	$43,641

PROGRAM BELIEVE