PROJECT PERFECT WORLD FOUNDATION I… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

DOUGLAS BECK

Phone

9725815109

Tax Period

2022-01-01 to 2022-12-31

PROJECT PERFECT WORLD FOUNDATION INC C/O JULIE PENCE TREASURER, founded in 2001, is a small nonprofit in the Health Care sector that reported $402K in total revenue in fiscal year 2022. Revenue surged 1693% from the prior year, signaling strong growth momentum. Expenses of $459K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO IMPROVE THE LIVES OF UNDERPRIVILEGED CHILDREN BY SENDING MEDICAL TEAMS TO POVERTY-STRICKEN AREAS TO PERFORM MAXILLOFACIAL, DENTAL AND ORTHOPEDIC SURGERY ON CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $452,997

PROJECT PERFECT WORLD IS A HEALTHCARE HUMANITARIAN EFFORT SUPPORTED BY THE ASSOCIATION FOR HEALTHCARE RESOURCE & MATERIALS MANAGEMENT AND OTHER DONORS. THE ORGANIZATION HAS IMPROVED THE LIVES OF...

PROJECT PERFECT WORLD IS A HEALTHCARE HUMANITARIAN EFFORT SUPPORTED BY THE ASSOCIATION FOR HEALTHCARE RESOURCE & MATERIALS MANAGEMENT AND OTHER DONORS. THE ORGANIZATION HAS IMPROVED THE LIVES OF THOUSANDS OF UNDERPRIVILEGED CHILDREN SINCE ITS INCEPTION. EVERY YEAR PROJECT PERFECT WORLD IS ABLE TO SEND MEDICAL TEAMS TO POVERTY-STRICKEN AREAS TO PERFORM MAXILLOFACIAL, DENTAL, AND OTHER SURGERY ON CHILDREN.

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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 $401,912

Program Service Revenue $0

Investment Income $38

Other Revenue $0

TOTAL REVENUE $401,950

Expense Breakdown

Grants Paid $366,134

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $452,997

Other Expenses $92,534

TOTAL EXPENSES $458,668

Year-over-Year Comparison

	2022	2021	Change
Revenue	$401,950	$22,417	+16.9%
Expenses	$458,668	$18,985	+23.2%
Net Income	$-56,718	$3,432	-17.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS BECK	PRESIDENT	6.00	Officer Director	$0	$0	$0
CAROLYN MERIWETHER	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD M SCHWEND MD	MEDICAL DIRECTOR	5.00	Director	$0	$0	$0
JULIE PENCE	TREASURER	3.00	Officer Director	$0	$0	$0
MARIA GALE	DIRECTOR	3.00	Director	$0	$0	$0
DR JOHN SANDERS	DIRECTOR	5.00	Director	$0	$0	$0
MARK CRAWFORD	DIRECTOR	5.00	Director	$0	$0	$0
ERIK TIVEN	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN KERL	DIRECTOR	3.00	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	No data	No data	No data	No data
2022	$401,950	$458,668	$178,215	$-56,718
2021	$22,417	$18,985	$234,933	$3,432
2020	$76,697	$72,190	$231,501	$4,507
2019	$365,091	$303,667	$227,512	$61,424
2018	$383,446	$394,311	$165,733	$-10,865

PROJECT PERFECT WORLD FOUNDATION INC C/O JULIE PENCE TREASURER