Coalition for Prosperous Communities Inc

EIN: 933208800

Washington, DC

Total Revenue
$7,220,000
Total Expenses
$4,572,731
Total Assets
$2,756,752
Net Assets
$2,756,752
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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
2023
Legal Domicile
DC
Principal Officer
Michael Clement
Phone
8145907593
Tax Period
2024-01-01 to 2024-12-31

Coalition for Prosperous Communities Inc, founded in 2023, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 5676% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 37% operating margin.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,220,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,220,000

Expense Breakdown

Grants Paid $240,000
Salaries & Benefits $30,000
Fundraising Expenses $30,661
Program Expenses $4,231,100
Other Expenses $4,290,231
TOTAL EXPENSES $4,572,731

Year-over-Year Comparison

2024 2023 Change
Revenue $7,220,000 $125,000 +56.8%
Expenses $4,572,731 $15,517 +293.7%
Net Income $2,647,269 $109,483 +23.2%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
3
$30,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CARR Senior Advisor 10.00
Officer
$30,000 $0 $30,000
MICHAEL CLEMENT ChairmanPresident 1.50
Officer Director
$0 $0 $0
SARAH NELSON Director 1.50
Director
$0 $0 $0
STEVEN TROOP Director 1.50
Director
$0 $0 $0
ZAC FUNDERBURK SecretaryTreasurer 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 $7,220,000 $4,572,731 $2,756,752 $2,647,269
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