PROJECT EXCEL INC (EIN 061180038) - 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

1986

Legal Domicile

Principal Officer

MARTHA ANNE NOONAN

Phone

2036348830

Tax Period

2025-01-01 to 2025-12-31

PROJECT EXCEL INC, founded in 1986, is a small nonprofit that reported $133K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 39% operating margin.

Mission

PROMOTE ACADEMIC ACHIEVEMENT OF STUDENTS IN MERIDEN CT

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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 (2025)

Revenue Breakdown

Contributions & Grants $48,250

Program Service Revenue $0

Investment Income $84,532

Other Revenue $0

TOTAL REVENUE $132,782

Expense Breakdown

Grants Paid $44,495

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,395

Other Expenses $36,899

TOTAL EXPENSES $81,394

Year-over-Year Comparison

	2025	2024	Change
Revenue	$132,782	$106,671	+0.2%
Expenses	$81,394	$78,707	+0.0%
Net Income	$51,388	$27,964	+0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA ANNE NOONAN	President	2.00	Officer Director	$0	$0	$0
MICHAELA SAVINELLI	Vice President	2.00	Officer Director	$0	$0	$0
JEN GERME	Secretary	2.00	Officer Director	$0	$0	$0
MADISON GREENSTEIN	Treasurer	2.00	Officer Director	$0	$0	$0
KRISTA ROMEO	Director	1.00	Director	$0	$0	$0
STEPANIE TIMEK	Director	1.00	Director	$0	$0	$0
LINDSAY WATSON	Director	1.00	Director	$0	$0	$0
TOM MOORE	Director	1.00	Director	$0	$0	$0
KATHERINE LOPEZ	Director	1.00	Director	$0	$0	$0
SANDY CONWAY	Director	1.00	Director	$0	$0	$0
MARISSA SCARFO	Director	1.00	Director	$0	$0	$0
ANTHONY KANE	Director	1.00	Director	$0	$0	$0
ANITA MADZICK	Director	1.00	Director	$0	$0	$0
THOMAS BRUENN	Director	1.00	Director	$0	$0	$0
MARY HILLIKER	Director	1.00	Director	$0	$0	$0
MAURA GRAHAM-VECELLIO	Director	1.00	Director	$0	$0	$0
DONNA CARNOT	Director	1.00	Director	$0	$0	$0
PHIL MANGIARACINA	Director	1.00	Director	$0	$0	$0
CHRISTINE GERME	Director	1.00	Director	$0	$0	$0
BRIAN FREDERICK	CHAIR - FINANCE	1.00	Director	$0	$0	$0
KATHY BYRON	Director	1.00	Director	$0	$0	$0
HALEIGH BROOKS	Director	1.00	Director	$0	$0	$0
JEANNE ANASTASIO	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	$132,782	$81,394	$1,232,902	$51,388
2024	No data	No data	No data	No data
2023	$58,735	$72,299	$1,028,112	$-13,564
2022	$267,448	$57,907	$926,610	$209,541
2021	$99,859	$43,314	$1,029,640	$56,545
2020	$71,120	$37,072	$889,358	$34,048
2019	$101,999	$43,251	$827,525	$58,748
2018	$67,606	$43,650	$680,521	$23,956

PROJECT EXCEL INC