Project Athena Foundation (EIN 061818480) - 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

2007

Legal Domicile

Phone

8589454472

Tax Period

2021-01-01 to 2021-12-31

Project Athena Foundation, founded in 2007, is a small nonprofit that reported $162K in total revenue in fiscal year 2021. Expenses of $186K exceeded revenue, resulting in a 15% operating deficit.

Mission

Our mission is to help survivors of medical or other traumatic challenges reach new athletic goals and achieve their adventurous dreams. We provide travel expenses, coaching, equipment, and most importantly, the encouragement and inspiration needed to help these strong, amazing women and men make that life-affirming transition from survivor to athlete.

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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 (2021)

Revenue Breakdown

Contributions & Grants $62,648

Program Service Revenue $98,989

Investment Income $0

Other Revenue $0

TOTAL REVENUE $161,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,523

Fundraising Expenses $0

Program Expenses $148,696

Other Expenses $137,686

TOTAL EXPENSES $186,209

Year-over-Year Comparison

	2021	2020	Change
Revenue	$161,637	$165,850	0.0%
Expenses	$186,209	$212,100	-0.1%
Net Income	$-24,572	$-46,250	-0.5%

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

$23,271

Total Directors

$1,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa Merrill Simpson	Secretary	12.00	Officer	$12,005	$0	$12,005
Kris Verdeck	CFO	8.00	Officer	$9,331	$0	$9,331
Louise Cooper	Vice President	2.00	Officer Director	$1,935	$0	$1,935
Robyn Benincasa	CEO	10.00	Officer Director	$0	$0	$0
Ron Benincasa	Executive Dir.	2.00	Director	$0	$0	$0
Jeffrey Akens	Director	10.00	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
2021	$161,637	$186,209	$31,251	$-24,572
2020	$165,850	$212,100	$38,832	$-46,250
2019	$258,726	$282,593	$72,745	$-23,867

Project Athena Foundation