THE MEMORY PROJECT INC

EIN: 201802885 501(c)(3)

Middleton, WI

Total Revenue
$507,765
Total Expenses
$420,572
Total Assets
$790,744
Net Assets
$661,434
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WI
Principal Officer
Ben Schumaker
Phone
6084670974
Tax Period
2024-01-01 to 2024-12-31

THE MEMORY PROJECT INC, founded in 2004, is a small nonprofit that reported $508K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 17% operating margin.

Mission

We coordinate art teachers and their students to exchange artwork with children around the world to promote international kindness, understanding, and friendship.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $255,396
Program Service Revenue $211,028
Investment Income $41,341
Other Revenue $0
TOTAL REVENUE $507,765

Expense Breakdown

Grants Paid $263,490
Salaries & Benefits $104,930
Fundraising Expenses $0
Program Expenses $420,572
Other Expenses $52,152
TOTAL EXPENSES $420,572

Year-over-Year Comparison

2024 2023 Change
Revenue $507,765 $372,196 +0.4%
Expenses $420,572 $297,250 +0.4%
Net Income $87,193 $74,946 +0.2%
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

Sign In

Governance

Voting Members
5
Independent Members
N/A
Employees
2
Volunteers
300

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
2
$90,083
Total Directors
5
$90,083
Key Employees
1
$90,083
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Schumaker President / Treasurer 50
Officer Director Key Emp Highest
$63,600 $26,483 $90,083
Debbie Schumaker Secretary 5
Officer Director
$0 $0 $0
Jim Schumaker Director 5
Director
$0 $0 $0
Chelsey Schumaker Director 1
Director
$0 $0 $0
Adam Schumaker Director 1
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 No data No data No data No data
2024 $507,765 $420,572 $790,744 $87,193
2023 $372,196 $297,250 $712,678 $74,946
2022 $377,582 $287,756 $646,005 $89,826
2021 $448,732 $313,778 $559,369 $134,954
2020 $272,096 $163,416 $274,514 $108,680
Explore More Nonprofits
→Top 100 Nonprofits in Wisconsin →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE MEMORY PROJECT INC with other nonprofits in Wisconsin and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.