POLK BURNETT PAYEE INC (EIN 900448533) - 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

2009

Legal Domicile

Principal Officer

MICHAEL ANDREWS

Phone

7155540028

Tax Period

2023-01-01 to 2023-12-31

POLK BURNETT PAYEE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE REPRESENTATIVE PAYEE AND FINANCIAL ADVOCACY SERVICES TO THOSE WHO, FOR WHATEVER REASON, CANNOT HANDLE THEIR FINANCIAL AFFAIRS EACH MONTH.

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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 $0

Program Service Revenue $2,420,280

Investment Income $0

Other Revenue $162

TOTAL REVENUE $2,420,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,391,153

Other Expenses $2,421,066

TOTAL EXPENSES $2,421,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,420,442	$1,614,225	+0.5%
Expenses	$2,421,066	$1,613,331	+0.5%
Net Income	$-624	$894	-1.7%

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

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

$50,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYLA BOWEN	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL ANDREWS	PRESIDENT/EXEC DIRECTOR	1.00	Officer	$50,645	$0	$50,645
KATIE FOLSTAD	VICE PRESIDENT	0.10	Officer	$0	$0	$0
ANDREW ECHIE	TREASURER	0.10	Officer	$0	$0	$0
JENNIFER SCHUTZ	SECRETARY	0.10	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	$2,420,442	$2,421,066	$346,272	$-624
2022	$1,614,225	$1,613,331	$321,235	$894
2021	$1,477,002	$1,477,452	$315,932	$-450
2020	$1,090,656	$1,090,523	$274,886	$133
2019	$763,682	$760,512	$83,631	$3,170
2018	$600,343	$600,584	$64,967	$-241

POLK BURNETT PAYEE INC