PROJECT VISION 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

2003

Legal Domicile

Principal Officer

Eva Liu

Phone

3128081898

Tax Period

2024-09-01 to 2025-08-31

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 2024.

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.

Program Service Accomplishments

Program 1

Expenses: $2,754,038 Revenue: $93,697

THE PROGRAMS PROVIDED YOUTHS IN GRADE 6-12 WITH AFTER SCHOOL PROGRAMMING INCLUDING TUTORING, COLLEGE AND CAREER READINESS, SERVICE LEARNING, AND LEADERSHIP ACTIVITIES. THE PROGRAM STRIVES TO HELP...

THE PROGRAMS PROVIDED YOUTHS IN GRADE 6-12 WITH AFTER SCHOOL PROGRAMMING INCLUDING TUTORING, COLLEGE AND CAREER READINESS, SERVICE LEARNING, AND LEADERSHIP ACTIVITIES. THE PROGRAM STRIVES TO HELP YOUTH ACHIEVE ACADEMIC SUCCESS AND ACCESS HIGHER EDUCATION OPPORTUNITIES WHILE ALSO DEVELOPING YOUTH AS CONFIDENT, COMMUNITY-MINDED INDIVIDUALS WHO ARE EQUIPPED TO BE COMMUNITY LEADERS. THE PROGRAM ALSO FOCUSES ON HELPING YOUTHS BUILD SOCIAL AND EMOTIONAL SKILLS THROUGH ENRICHMENT PROGRAMMING IN THE ARTS AND CULTURE, SPORTS, AND SCIENCE/TECHNOLOGY.

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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 $2,579,092

Program Service Revenue $93,697

Investment Income $5,006

Other Revenue $59,754

TOTAL REVENUE $2,737,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,665,502

Fundraising Expenses $50,149

Program Expenses $2,754,038

Other Expenses $1,311,108

TOTAL EXPENSES $2,976,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,737,549	$2,670,286	+0.0%
Expenses	$2,976,610	$2,445,885	+0.2%
Net Income	$-239,061	$224,401	-2.1%

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

232

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
Eva Liu	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
Eric Liu	Director	2.00	Director	$0	$0	$0
George Wang PMP	Director	2.00	Director	$0	$0	$0
James Vergara	Director	2.00	Director	$0	$0	$0
Melissa Wee LCPC	Director	2.00	Director	$0	$0	$0
Michael Good	Director	2.00	Director	$0	$0	$0
Michael Lee	Director	2.00	Director	$0	$0	$0
Stuart Chen MD	Director	2.00	Director	$0	$0	$0
Trang Truong-Hill	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
2025	$2,737,549	$2,976,610	$1,117,710	$-239,061
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