JOSEPHINE HERRICK PROJECT INC

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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

1946

Legal Domicile

Principal Officer

MIRIAM LEUCHTER

Phone

2122134946

Tax Period

2024-07-01 to 2025-06-30

JOSEPHINE HERRICK PROJECT INC, founded in 1946, is a small nonprofit that reported $517K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $477K left a modest 8% surplus.

Mission

AMPLIFY UNDERREPRESENTED VOICES THROUGH PHOTOGRAPHY,GIVING PEOPLE THE TOOLS TO SEE DIFFERENTLY, COMMUNICATE ACROSS CULTURES, AND ADVOCATE FOR THEMSELVES AND THEIR COMMUNITIES. THE TOOLS TO SEE DIFFERENTLY, BUILD LIFELONG SKILLS, ENGAGE WITH THEIR COMMUNITIES, AND SHARE THEIR VISION CREATIVELY WITH THE WIDER WORLD THROUGH IMAGE.

Program Service Accomplishments

Program 1

Expenses: $377,760 Revenue: $68,194

THE JOSEPHINE HERRICK PROJECT WORKS WITH ORGANIZATIONS ACROSS THE GREATER NEW YORK METROPOLITAN AREA TO DEVELOP CREATIVE PHOTOGRAPHY PROGRAMS BASED ON INDIVIDUAL AND GROUP NEEDS. JHP IS HAPPY TO AND RESPONDS TO REQUESTS FROM A VARIETY OF AGENCIES, SCHOOLS, AND INSTITUTIONS TO INITIATE AND NURTURE NEW OR EXISTING PHOTOGRAPHY PROGRAMS. WITH THIS IN MIND, WE ARE ALWAYS OPEN TO NEW IDEAS AND ENCOURAGE JOINT VENTURES AND COALITION BUILDING ACTIVITIES WITH OTHER ORGANIZATIONS. IN ADDITION TO DEVELOPING PROGRAMS, WE LOAN CAMERAS, PHOTOGRAPHIC EQUIPMENT, AND PROVIDE PAPER AND PHOTOGRAPHERS, FREE OF CHARGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $457,118

Program Service Revenue $68,194

Investment Income $2,868

Other Revenue $-11,103

TOTAL REVENUE $517,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,841

Fundraising Expenses $60,127

Program Expenses $377,760

Other Expenses $152,247

TOTAL EXPENSES $477,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$517,077	$401,947	+0.3%
Expenses	$477,088	$466,015	+0.0%
Net Income	$39,989	$-64,068	-1.6%

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

$62,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIRIAM LEUCHTER	EXECUTIVE DIRECTOR	32.00	Officer	$62,400	$0	$62,400
JEFFREY LISS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
HEATHER HACKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RON SHARPE	TREASURER	2.00	Officer Director	$0	$0	$0
LYRICA FILS-AIME	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE J SCHEPIS	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE HAHN	DIRECTOR	1.00	Director	$0	$0	$0
THERESA MARCHETTA	DIRECTOR	1.00	Director	$0	$0	$0
SARA SCHACTER-ERENBURG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO VASARI	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BOURNE	DIRECTOR (RESIGNED JUNE 2025)	1.00	Director	$0	$0	$0
AIANA KALIASKAROVA	DIRECTOR (RESIGNED MAY 2025)	1.00	Director	$0	$0	$0
REKHA RAMANI	DIRECTOR (RESIGNED FEBRUARY 2025)	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	$517,077	$477,088	$418,985	$39,989
2024	$401,947	$466,015	$379,020	$-64,068
2023	$470,749	$417,772	$466,049	$52,977
2022	$502,418	$355,102	$394,399	$147,316
2021	$272,597	$209,929	$251,670	$62,668
2020	$223,764	$260,654	$173,154	$-36,890
2019	$268,622	$247,151	$196,897	$21,471
2018	$265,931	$227,361	$175,311	$38,570