THE PRISM WAY

EIN: 874737247 501(c)(3)

SANTA MONICA, CA

Total Revenue
$930,658
Total Expenses
$640,627
Total Assets
$374,861
Net Assets
$324,861
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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
2022
Legal Domicile
CA
Principal Officer
KRISTIN WORTHE
Phone
3103939653
Tax Period
2023-01-01 to 2023-12-31

THE PRISM WAY, founded in 2022, is a small nonprofit that reported $931K in total revenue in fiscal year 2023. Revenue surged 344% from the prior year, signaling strong growth momentum. The organization ran a surplus of $290K, a strong 31% operating margin.

Mission

TO PROVIDE A PATH TOWARDS HOPE, HEALING, AND RESTORATION (CONTINUED ON SCHEDULE O) FOR INDIVIDUALS DIRECTLY AFFECTED BY THE JUSTICE SYSTEMS AND SURVIVORS OF CRIME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $843,058
Program Service Revenue $87,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $930,658

Expense Breakdown

Grants Paid $0
Salaries & Benefits $282,874
Fundraising Expenses $0
Program Expenses $367,568
Other Expenses $357,753
TOTAL EXPENSES $640,627

Year-over-Year Comparison

2023 2022 Change
Revenue $930,658 $209,712 +3.4%
Expenses $640,627 $174,882 +2.7%
Net Income $290,031 $34,830 +7.3%
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
6
Independent Members
4
Employees
9
Volunteers
4

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
3
$164,402
Total Directors
6
$164,402
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY SHORTT SECRETARY 50.00
Officer Director
$90,800 $0 $90,800
ALLEN BURNETT TREASURER/EXECUTIVE DIRECT 50.00
Officer Director
$73,602 $0 $73,602
KRISTIN WORTHE BOARD CHAIR 30.00
Officer Director
$0 $0 $0
PAUL GONZALES DIRECTOR 1.00
Director
$0 $0 $0
DAVID KANUTH DIRECTOR 1.00
Director
$0 $0 $0
BIDHAN ROY DIRECTOR 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 No data No data No data No data
2023 $930,658 $640,627 $374,861 $290,031
2022 $209,712 $174,882 $34,830 $34,830
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