PREPARE INC

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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

Laura Collins

Phone

2023520220

Tax Period

2024-07-01 to 2025-06-30

PREPARE INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $617K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $576K left a modest 7% surplus.

Mission

Empower People to Make their Best Case for Parole and Develop and Execute Successful Reentry Plans

Program Service Accomplishments

Program 1

Expenses: $278,122 Revenue: $278,122

support incarcerated individuals with producing a parole packet to present to the Maryland Parole Commission to make their case for parole

Program 2

Expenses: $151,959 Revenue: $151,959

support incarcerated individuals with developing and executing successful reentry plans upon release

Program 3

Expenses: $75,603 Revenue: $75,603

support returning citizens as they adjust and develop post-release

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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 $616,921

Program Service Revenue $0

Investment Income $0

Other Revenue $250

TOTAL REVENUE $617,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,977

Fundraising Expenses $19,235

Program Expenses $531,005

Other Expenses $252,054

TOTAL EXPENSES $576,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,171	$458,997	+0.3%
Expenses	$576,031	$312,360	+0.8%
Net Income	$41,140	$146,637	-0.7%

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

$43,432

Total Directors

$73,752

Key Employees

$97,667

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Bocchini Pack	Co-founder Director of Advocacy	60.00	Key Emp	$73,946	$19,710	$93,656
Jacqueline Ahn	Co-founder Director of Parole	35.00	Officer Director	$43,432	$0	$43,432
Maryjoel Davis	Founder Director of Second Chance	20.00	Director	$30,320	$0	$30,320
Elizabeth Finne	Co-founder Director of Development	10.00	Key Emp	$4,011	$0	$4,011
Laura Collins	President of the Board of Directors	2.00	Officer Director	$0	$0	$0
Steve Asin	Vice President of the Board of Dire	2.00	Officer Director	$0	$0	$0
Shaila Cordone	Treasurer of the Board of Directors	2.00	Officer Director	$0	$0	$0
Christopher Reynolds	Member of the Board of Directors	1.00	Director	$0	$0	$0
Rhonda Hall	Member of the Board of Directors	1.00	Director	$0	$0	$0
Anita Weist	Member of the Board of Directors	1.00	Director	$0	$0	$0
Judith Lichtenberg	Member of the Board of Directors	1.00	Director	$0	$0	$0
Margaret Chippendale	Member of the Board of Directors	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
2025	$617,171	$576,031	$315,850	$41,140
2024	No data	No data	No data	No data
2023	$458,997	$312,360	$301,654	$146,637