PROJECT IMPLICIT INC (EIN 203939536) - 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

2005

Legal Domicile

Principal Officer

AMY JOHNSON

Phone

2065437227

Tax Period

2024-10-01 to 2025-09-30

PROJECT IMPLICIT INC, founded in 2005, is a small nonprofit in the Education sector that reported $105K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $297K exceeded revenue, resulting in a 184% operating deficit.

Mission

DEVELOP AND DELIVER METHODS FORINVESTIGATING AND APPLYING PHENOMENA OF IMPLICIT SOCIAL COGNITION.

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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 $675

Program Service Revenue $86,100

Investment Income $17,777

Other Revenue $0

TOTAL REVENUE $104,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,563

Fundraising Expenses $0

Program Expenses $235,771

Other Expenses $84,408

TOTAL EXPENSES $296,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,552	$273,966	-0.6%
Expenses	$296,971	$489,223	-0.4%
Net Income	$-192,419	$-215,257	-0.1%

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

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

$111,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KATE RATLIFF	TREASURER	3.00	Officer Director	$0	$0	$0
DR BRIAN NOSEK	PRESIDENT	3.00	Officer Director	$0	$0	$0
KEITH MADDOX PHD	DIRECTOR	3.00	Director	$0	$0	$0
JARVIS IDOWU	DIRECTOR	3.00	Director	$0	$0	$0
BAYET ROSS SMITH	DIRECTOR	3.00	Director	$0	$0	$0
AMY JIN JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$111,038	$0	$111,038

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	$104,552	$296,971	$366,531	$-192,419
2024	$273,966	$489,223	$593,613	$-215,257
2023	$436,655	$522,546	$817,888	$-85,891
2022	$337,749	$695,559	$882,334	$-357,810
2021	$634,737	$837,585	$1,410,386	$-202,848
2020	$441,629	$611,375	$1,479,023	$-169,746

PROJECT IMPLICIT INC