PROJECT INDEPENDENCE SERVICES INC (EIN 042931525) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

REVEREND DAVID LIMA

Phone

5089971441

Tax Period

2024-07-01 to 2025-06-30

PROJECT INDEPENDENCE SERVICES INC is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 14% surplus.

Mission

THE ORGANIZATION SEEKS TO PROVIDE QUALITY MEDICAL DAYCARE, TRANSPORTATION SERVICES, AND RECREATIONAL ACTIVITIES TO ELIGIBLE ELDERLY AND/OR DISABLED INDIVIDUALS IN THE GREATER NEW BEDFORD AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $282,118

Program Service Revenue $1,347,878

Investment Income $64,676

Other Revenue $659

TOTAL REVENUE $1,695,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,015,992

Fundraising Expenses $0

Program Expenses $1,057,715

Other Expenses $439,501

TOTAL EXPENSES $1,455,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,695,331	$2,594,663	-0.3%
Expenses	$1,455,493	$1,278,982	+0.1%
Net Income	$239,838	$1,315,681	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$143,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND DAVID LIMA	PRESIDENT	1.00	Officer Director	$0	$0	$0
WAYNE WHALLEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARTHA REED	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA WALLQUIST	CLERK	1.00	Officer Director	$0	$0	$0
LAUREN GOLDA	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA AMARAL-LEMA	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY BOTELHO	EXECUTIVE DI	40.00	Officer	$137,692	$5,675	$143,367
MATTHEW DANSERAN	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA BOLARINHO	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
2025	$1,695,331	$1,455,493	$3,311,243	$239,838
2024	$2,594,663	$1,278,982	$3,011,195	$1,315,681
2023	$429,402	$299,070	$1,609,268	$130,332
2022	$331,594	$307,605	$1,441,438	$23,989
2021	$263,386	$251,559	$1,509,969	$11,827
2021	$263,386	$260,169	$1,501,358	$3,217
2020	$333,771	$346,237	$1,494,778	$-12,466
2019	$404,073	$368,585	$1,529,370	$35,488

PROJECT INDEPENDENCE SERVICES INC