Full Belly Project LTD

EIN: 020661392 501(c)(3)

Wilmington, NC

Total Revenue
$105,808
Total Expenses
$194,090
Total Assets
N/A
Net Assets
N/A
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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
2002
Legal Domicile
NC
Principal Officer
Lesley Daspit
Phone
9104520975
Tax Period
2020-07-01 to 2021-06-30

Full Belly Project LTD, founded in 2002, is a small nonprofit that reported $106K in total revenue in fiscal year 2020. Revenue surged 160% from the prior year, signaling strong growth momentum. Expenses of $194K exceeded revenue, resulting in a 83% operating deficit.

Mission

To design and distribute innovative, sustainable technologies with our local community that empower people all over the world to improve their own lives.

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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 (2020)

Revenue Breakdown

Contributions & Grants $8,555
Program Service Revenue $1,542
Investment Income $95,711
Other Revenue $0
TOTAL REVENUE $105,808

Expense Breakdown

Grants Paid $155,035
Salaries & Benefits $18,540
Fundraising Expenses $0
Program Expenses $185,072
Other Expenses $20,515
TOTAL EXPENSES $194,090

Year-over-Year Comparison

2020 2019 Change
Revenue $105,808 $40,668 +1.6%
Expenses $194,090 $71,556 +1.7%
Net Income $-88,282 $-30,888 +1.9%
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
5
Independent Members
5
Employees
2
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lesley Daspit Board Chair 2.00
Officer Director
$0 $0 $0
Ed Wadbrook Treasurer 2.00
Officer Director
$0 $0 $0
Dan Ferrell Director 2.00
Director
$0 $0 $0
Barbara Banks Secretary 2.00
Director
$0 $0 $0
Mark Brownlie Director 2.00
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
2021 $105,808 $194,090 No data $-88,282
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