PROJECT VISION INC (EIN 200293881) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Trang Truong-Hill

Phone

3128081898

Tax Period

2023-09-01 to 2024-08-31

PROJECT VISION INC, founded in 2003, is a community nonprofit in the Youth Development sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 8% surplus.

Mission

PROJECT: VISION'S MISSION IS TO HELP YOUTH OF CHICAGO'S CHINATOWN, BRIDGEPORT, AND SURROUNDING COMMUNITIES ACHIEVE THEIR FULL POTENTIAL BY PROVIDING THEM WITH TOOLS FOR EDUCATIONAL, PERSONAL, AND CIVIC DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,542,736

Program Service Revenue $76,940

Investment Income $3,733

Other Revenue $46,877

TOTAL REVENUE $2,670,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,415,758

Fundraising Expenses $38,529

Program Expenses $2,148,756

Other Expenses $1,030,127

TOTAL EXPENSES $2,445,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,670,286	$2,009,670	+0.3%
Expenses	$2,445,885	$1,938,681	+0.3%
Net Income	$224,401	$70,989	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

217

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
Trang Truong-Hill	Chairman	3.00	Officer Director	$0	$0	$0
Chris Kanich PhD	Vice Chairman	3.00	Officer Director	$0	$0	$0
Michael A Diarra CPA CISA	Treasurer	3.00	Officer Director	$0	$0	$0
Adam Chan	Secretary	3.00	Officer Director	$0	$0	$0
Kristin Kan MD MPH MSc	Director	2.00	Director	$0	$0	$0
Michael Lee	Director	2.00	Director	$0	$0	$0
John R Malkinson Esq	Director	2.00	Director	$0	$0	$0
Melissa Wee LCPC	Director	2.00	Director	$0	$0	$0
Eric Liu	Director	2.00	Director	$0	$0	$0
Eva Liu	Director	2.00	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	$2,670,286	$2,445,885	$763,013	$224,401
2023	$2,009,670	$1,938,681	$867,848	$70,989
2022	$1,326,830	$1,176,293	$451,526	$150,537
2021	$743,736	$730,182	$312,420	$13,554
2020	$566,709	$499,880	$232,208	$66,829
2019	$437,854	$357,441	$129,216	$80,413
2018	$299,486	$317,982	$62,242	$-18,496

PROJECT VISION INC