PROTEUS FUND INC (EIN 043243004) - 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

1994

Legal Domicile

Principal Officer

PAUL DI DONATO

Phone

4132560349

Tax Period

2023-01-01 to 2023-12-31

PROTEUS FUND INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $73.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $23.9M, a strong 33% operating margin.

Mission

PROTEUS FUND CONNECTS PHILANTHROPY TO THE FRONLINES OF SOCIAL JUSTICE TO ADVANCE RACIAL, GENDER, QUEER, AND DISABILITY JUSTICE, AS WELL AS AN INCLUSIVE, FULLY REPRESENTATIVE DEMOCRACY.

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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 $69,161,938

Program Service Revenue $2,124,646

Investment Income $1,816,325

Other Revenue $0

TOTAL REVENUE $73,102,909

Expense Breakdown

Grants Paid $21,796,906

Salaries & Benefits $13,184,469

Fundraising Expenses $1,930,943

Program Expenses $41,313,729

Other Expenses $14,240,032

TOTAL EXPENSES $49,221,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,102,909	$62,955,408	+0.2%
Expenses	$49,221,407	$59,655,544	-0.2%
Net Income	$23,881,502	$3,299,864	+6.2%

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

Governance

Voting Members

Independent Members

Employees

105

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

$646,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DI DONATO	PRESIDENT & CEO	40.00	Officer	$372,415	$46,663	$419,078
EMILY HARRIS	DIRECTOR DPF	40.00	Highest	$199,960	$36,032	$235,992
MICHAEL JARVIS	DIRECTOR TAI	40.00	Highest	$194,695	$39,941	$234,636
AMARDEEP SINGH BHALLA	VP OF PROGRAMMING	40.00	Highest	$179,306	$57,632	$236,938
BEERY JIMENEZ	CHIEF OPERATING OFFICER	40.00	Officer	$204,625	$23,110	$227,735
ERIC WARD	CHAIR	5.00	Officer Director	$0	$0	$0
NATASHA MINSKER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ODELL MAYS	TREASURER	5.00	Officer Director	$0	$0	$0
NIMA SHIRAZI	SECRETARY	5.00	Officer Director	$0	$0	$0
RYAN ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BURNS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA ENG	DIRECTOR	2.00	Director	$0	$0	$0
MAI-ANH TRAN	DIRECTOR	2.00	Director	$0	$0	$0
TIA OROS PETERS	DIRECTOR	2.00	Director	$0	$0	$0
BETSY SCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
RICK SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY DOWLEY-BLACKMAN	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
2024	No data	No data	No data	No data
2023	$73,102,909	$49,221,407	$76,288,239	$23,881,502
2023	No data	No data	No data	No data
2022	$62,955,408	$59,655,544	$54,254,399	$3,299,864
2021	$46,264,432	$35,750,963	$47,115,132	$10,513,469
2020	$43,033,810	$41,019,615	$37,109,243	$2,014,195
2019	$30,242,758	$29,952,722	$30,888,285	$290,036
2018	$32,715,202	$29,945,970	$29,981,209	$2,769,232

PROTEUS FUND INC