PROSPER FOUNDATION

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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

JW CARPENTER

Phone

2053062061

Tax Period

2024-01-01 to 2024-12-31

PROSPER FOUNDATION, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROSPER IS A COALITION OF COMMUNITY, CIVIC, AND BUSINESS LEADERS COMMITTED TO CREATING THE MOST THRIVING ECONOMY IN THE SOUTHEAST BY ALIGNING BIRMINGHAM AND JEFFERSON COUNTY AROUND JOB CREATION, JOB PREPARATION, AND JOB ACCESS GOALS AND STRATEGIES.

Program Service Accomplishments

Program 1

Expenses: $1,155,359

HEALTH TECH ACCELERATOR CONNECTS CUTTING-EDGE, HEALTH TECHNOLOGY STARTUPS TO THE COACHING, CAPITAL, AND CONNECTIONS THEY NEED TO BUILD AND GROW THEIR BUSINESSES. THE PROGRAM AIMS TO MAKE BIRMINGHAM THE CENTER OF HEALTH TECHNOLOGY SOLUTIONS THROUGH INVESTMENTS IN ENTREPRENEURSHIP, TALENT, AND COMMUNITY ENGAGEMENTS.

Program 2

Expenses: $995,416

SMALL BUSINESS ACCELERATION IS AN EFFORT TO PROPERLY IDENTIFY THE BEST WAYS TO SUPPORT SMALL BUSINESSES IN BIRMINGHAM AND PROVIDE SUPPORT FOR VARIOUS STAGES OF BUSINESS GROWTH.

Program 3

Expenses: $628,186

THE CATALYZE CHALLENGE IS AN EFFORT TO CREATE EDUCATIONAL EXPERIENCES THAT BRIDGE THE GAP BETWEEN LEARNING AND WORK THROUGH CORPORATE AND COMMUNITY PARTNERSHIPS.

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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 $4,204,293

Program Service Revenue $0

Investment Income $141,325

Other Revenue $904

TOTAL REVENUE $4,346,522

Expense Breakdown

Grants Paid $616,133

Salaries & Benefits $728,737

Fundraising Expenses $218,621

Program Expenses $4,510,987

Other Expenses $3,651,058

TOTAL EXPENSES $4,995,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,346,522	$5,513,038	-0.2%
Expenses	$4,995,928	$4,016,180	+0.2%
Net Income	$-649,406	$1,496,858	-1.4%

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

Total Directors

Key Employees

$259,561

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CROSSWHITE	CHAIR	1.00	Officer Director	$0	$0	$0
LEE STYSLINGER III	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JOHN TURNER	MEMBER	1.00	Director	$0	$0	$0
TIM VINES	MEMBER	1.00	Director	$0	$0	$0
DR RAY WATTS	MEMBER	1.00	Director	$0	$0	$0
RANDALL WOODFIN	MEMBER	1.00	Director	$0	$0	$0
DR ANTHONY HOOD	MEMBER	1.00	Director	$0	$0	$0
RICH BIELEN	MEMBER	1.00	Director	$0	$0	$0
CHRIS NANNI	MEMBER	1.00	Director	$0	$0	$0
DAWN BULGARELLA	MEMBER	1.00	Director	$0	$0	$0
JASMINE FELLS	MEMBER	1.00	Director	$0	$0	$0
ANOOP MISHRA	MEMBER	1.00	Director	$0	$0	$0
SANJAY SINGH PHD	MEMBER	1.00	Director	$0	$0	$0
MARK TARR	MEMBER	1.00	Director	$0	$0	$0
JOHN SHERMAN	MEMBER	1.00	Director	$0	$0	$0
KHADIJAH ABDULLAH	MEMBER	1.00	Director	$0	$0	$0
RUTH ANN MOSS	MEMBER	1.00	Director	$0	$0	$0
LARA AVSAR	MEMBER	1.00	Director	$0	$0	$0
CHRIS KRAMER	MEMBER	1.00	Director	$0	$0	$0
STACI PIERCE	MEMBER	1.00	Director	$0	$0	$0
ROSILYN HOUSTON	MEMBER	1.00	Director	$0	$0	$0
LEROY ABRAHAMS	MEMBER	1.00	Director	$0	$0	$0
BONDERIA LYONS	MEMBER	1.00	Director	$0	$0	$0
TATE FORRESTER	MEMBER	1.00	Director	$0	$0	$0
RALPH WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
JW CARPENTER	PRESIDENT	40.00	Key Emp	$240,600	$18,961	$259,561

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	$4,346,522	$4,995,928	$6,002,289	$-649,406