THE WELCOME PROJECT INC (EIN 043088140) - 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

1990

Legal Domicile

Principal Officer

KENT GREENAWALT

Tax Period

2024-07-01 to 2025-06-30

THE WELCOME PROJECT INC, founded in 1990, is a small nonprofit in the Unknown sector that reported $530K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $591K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Welcome Project builds the collective power of immigrants to participate in and shapecommunity decisions through programming that strengthens the capacity of immigrant youth,adults, and families

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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 (2024)

Revenue Breakdown

Contributions & Grants $530,175

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $530,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,161

Fundraising Expenses $20,162

Other Expenses $232,771

TOTAL EXPENSES $590,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,175	$612,589	-0.1%
Expenses	$590,932	$720,191	-0.2%
Net Income	$-60,757	$-107,602	-0.4%

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

$8,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN GOLDSTEIN-GELB	SENIOR ADVISOR	040.00	Officer Highest	$8,800	$0	$8,800
SUANY LIMA	OFFICE MANAGER	040.00	Director	$0	$0	$0
KENT GREENAWALT	BOARD CHAIR	002.00	Officer Director	$0	$0	$0
JENNIFER OCHOA	BOARD DEVELOPMENT	002.00	Officer Director	$0	$0	$0
TIM GROVES	CLERK	002.00	Officer Director	$0	$0	$0
MICHELLE BARTOLO-CRUZ	CLERK	002.00	Officer Director	$0	$0	$0
ELIZA JONES	PROGRAM MANAGER	040.00	Director	$0	$0	$0
SARA KIRUBI	EXECUTIVE DIRECTOR	040.00	Director	$0	$0	$0
JIM GROSS	VICE CHAIR	002.00	Officer Director	$0	$0	$0
BOB DEMPKOWSKI	DIRECTOR	002.00	Officer 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	$530,175	$590,932	$407,314	$-60,757
2024	$612,589	$720,191	$435,538	$-107,602
2023	$644,402	$934,332	$584,968	$-289,930
2022	$966,254	$685,171	$844,126	$281,083
2022	$966,254	$685,809	$844,126	$280,445
2021	$989,200	$684,250	$531,986	$304,950
2020	$484,933	$466,050	$309,270	$18,883
2019	$323,994	$319,923	$232,978	$4,071

THE WELCOME PROJECT INC