PROJECT INDEPENDENCE INC (EIN 161173031) - 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

1982

Legal Domicile

Principal Officer

ANDREW FLACH

Phone

6075389874

Tax Period

2023-01-01 to 2023-12-31

Mission

TO SERVE, DEVELOP AND CONDUCT ACTIVITIES WHICH PROMOTE FOR ALL INDIVIDUALS DIAGNOSED AS BEING MENTALLY RETARDED AND/OR DEVELOPMENTALLY DISABLED, REGARDLESS OF RACE, SEX, AGE, RELIGION, NATIONAL ORIGIN, SEXUAL ORIENTATION, LEVEL OF FUNCTIONAL ABILITY, SOCIAL OR ECONOMIC STATUS, OR OTHER DIFFERENTIATING FACTORS, AND TO PROVIDE AN EQUAL OPPORTUNITY TO DEVELOP AND FUNCTION AS MEANINGFUL AND PRODUCTIVE MEMBERS OF SOCIETY. TO PROVIDE FOR ALL PERSONS IN NEED, AN APPROPRIATE LEARNING ENVIRONMENT WHICH PROMOTES MAXIMUM GROWTH POTENTIAL FOR THE INDIVIDUAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,692

Fundraising Expenses $0

Other Expenses $10,693

TOTAL EXPENSES $18,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$-1,639	-1.0%
Expenses	$18,385	$74,876	-0.8%
Net Income	N/A	$-76,515	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW FLACH	BOARD CHAIRPERSON	0.80	Officer 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
2023	No data	$18,385	No data	No data
2022	$-1,639	$74,876	$23,005	$-76,515
2021	$27	$76,301	$102,950	$-76,274
2020	$72	$108,974	$445,165	$-108,902
2019	$802,377	$942,254	$561,108	$-139,877
2018	$1,177,428	$1,219,659	$811,425	$-42,231

PROJECT INDEPENDENCE INC