SILK ROAD PROJECT INC (EIN 043444069) - 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

1998

Legal Domicile

Principal Officer

BORIS DOLGONOS

Phone

4132381746

Tax Period

2022-07-01 to 2023-06-30

SILK ROAD PROJECT INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 89% operating deficit.

Mission

SILKROAD CREATES MUSIC THAT ENGAGES DIFFERENCE, SPARKING RADICAL CULTURAL COLLABORATION AND PASSION-DRIVEN LEARNING TO BUILD A MORE HOPEFUL WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,519,723

Program Service Revenue $538,555

Investment Income $2,987

Other Revenue $13,198

TOTAL REVENUE $2,074,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,595,707

Fundraising Expenses $598,894

Program Expenses $2,851,088

Other Expenses $2,320,088

TOTAL EXPENSES $3,915,795

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,074,463	$3,944,577	-0.5%
Expenses	$3,915,795	$3,681,792	+0.1%
Net Income	$-1,841,332	$262,785	-8.0%

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

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

$421,449

Total Directors

$599,893

Key Employees

$182,861

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY FLETCHER	EXECUTIVE DIRECTOR (JULY-DECEMBER 2022)	40	Officer Director	$247,100	$25,344	$272,444
ANTHONY BARBIR	DEPUTY DIRECTOR	40	Key Emp	$182,861	$0	$182,861
JENNIFER KLAHN	DEVELOPMENT DIRECTOR	40	Highest	$167,659	$0	$167,659
ALICIA ROBINSON REESE	INTERIM EXECUTIVE DIRECTOR (JANUARY-MAY 2023)	40	Officer Director	$149,005	$0	$149,005
RHIANNON GIDDENS	EX-OFFICIO BOARD MEMBER	20	Director	$121,745	$0	$121,745
JOSEPH GRAMLEY	EX-OFFICIO BOARD MEMBER (TO JULY 2022)	5	Director	$29,569	$0	$29,569
WU MAN	EX-OFFICIO BOARD MEMBER	5	Director	$27,130	$0	$27,130
LORI SAMUELS	BOARD CHAIR	5	Officer Director	$0	$0	$0
FAITH RAIGUEL	TREASURER	5	Officer Director	$0	$0	$0
ISABELLE HUNTER	CLERK/SECRETARY	5	Officer Director	$0	$0	$0
BEN HARTLEY	EXECUTIVE DIRECTOR (AS OF MAY 2023)	40	Officer Director	$0	$0	$0
JONATHAN BAYS	BOARD MEMBER	5	Director	$0	$0	$0
OPHELIA DAHL	BOARD MEMBER	5	Director	$0	$0	$0
FEDERICO COHEN FREUE	BOARD MEMBER	5	Director	$0	$0	$0
ROHIT DESHPANDE	BOARD MEMBER	5	Director	$0	$0	$0
BORIS DOLGONOS	BOARD MEMBER	5	Director	$0	$0	$0
HELENA HWANG	BOARD MEMBER	5	Director	$0	$0	$0
LAVON KELLNER	BOARD MEMBER	5	Director	$0	$0	$0
DIANN KIM	BOARD MEMBER (THROUGH NOVEMBER 2022)	5	Director	$0	$0	$0
YOU YOUNG KIM	BOARD MEMBER (THROUGH AUGUST 2022)	5	Director	$0	$0	$0
NICHOLAS MA	BOARD MEMBER	5	Director	$0	$0	$0
LARISA MARTINEZ	BOARD MEMBER	5	Director	$0	$0	$0
ALFRE WOODARD	BOARD MEMBER	5	Director	$0	$0	$0
CAROLYN YANCEY	BOARD MEMBER (AS OF NOVEMBER 2022)	5	Director	$0	$0	$0
STEFANIE ZELDIN	BOARD MEMBER	5	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,074,463	$3,915,795	$2,983,026	$-1,841,332
2022	$3,944,577	$3,681,792	$4,997,714	$262,785
2021	$5,025,735	$1,712,433	$4,491,777	$3,313,302
2020	$1,717,282	$2,488,512	$1,273,630	$-771,230
2019	$3,224,965	$3,708,001	$2,262,767	$-483,036
2018	$3,420,438	$3,355,162	$3,045,898	$65,276

SILK ROAD PROJECT INC