PROJECT SUNSHINE INC (EIN 223607512) - 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

1998

Legal Domicile

Principal Officer

WHITNEY NAMM POLLACK

Phone

2123548035

Tax Period

2023-01-01 to 2023-12-31

PROJECT SUNSHINE INC, founded in 1998, is a community nonprofit in the Diseases & Disorders sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 14% surplus.

Mission

TO PROVIDE FREE PROGRAMS THAT BENEFIT CHILDREN AND FAMILIES FACING MEDICAL CHALLENGES

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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 $5,948,708

Program Service Revenue $0

Investment Income $87,114

Other Revenue $-186,312

TOTAL REVENUE $5,849,510

Expense Breakdown

Grants Paid $240,000

Salaries & Benefits $2,095,573

Fundraising Expenses $411,724

Program Expenses $4,223,961

Other Expenses $2,688,858

TOTAL EXPENSES $5,024,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,849,510	$4,387,124	+0.3%
Expenses	$5,024,431	$4,071,412	+0.2%
Net Income	$825,079	$315,712	+1.6%

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

17000

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

$339,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QUEMEL ARROYO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GLENN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY LOUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN MOLONEY	DIRECTOR	1.00	Director	$0	$0	$0
AGAPITO MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD M ROSOF MD	DIRECTOR	1.00	Director	$0	$0	$0
AMY SAPERSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR SEWELL	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SKURBE	DIRECTOR	1.00	Director	$0	$0	$0
GIREESH SONNAD	DIRECTOR	1.00	Director	$0	$0	$0
STACY TAFFET	DIRECTOR	1.00	Director	$0	$0	$0
REED V TUCKSON	DIRECTOR(THRU 8/2023)	1.00	Director	$0	$0	$0
KATE TYLIS	DIRECTOR	1.00	Director	$0	$0	$0
CARYN UNGER	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD WEISER	DIRECTOR	1.00	Director	$0	$0	$0
ERICA ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH M WEILGUS	CHAIR EMERITUS	1.00	Director	$0	$0	$0
NATAN BIBLIOWICZ	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ALBERT TYLIS	VICE CHAIRMAN(THRU 8/2023)	5.00	Officer Director	$0	$0	$0
SHAWN MCGOWEN	TREASURER	5.00	Officer Director	$0	$0	$0
ROBIN WILPON WACHTLER	SECRETARY	5.00	Officer Director	$0	$0	$0
WHITNEY NAMM POLLACK	EXECUTIVE DIRECTOR	40.00	Officer	$337,500	$2,382	$339,882
KAITLIN GARZIA	DIRECTOR OF VOLUNTEER ENGA	40.00	Highest	$103,250	$32	$103,282
HANNAH BAEK	DIRECTOR OF MARKETING AND COMMUNICATIONS	40.00	Highest	$114,150	$32	$114,182
ANNE MCCALLUM	DIRECTOR OF DEVELOPMENT	40.00	Highest	$111,042	$21	$111,063

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	No data	No data	No data	No data
2023	$5,849,510	$5,024,431	$6,566,796	$825,079
2022	$4,387,124	$4,071,412	$5,800,186	$315,712
2021	$3,745,723	$3,499,526	$4,751,971	$246,197
2020	$3,980,993	$3,213,207	$4,846,995	$767,786
2019	$3,753,831	$3,528,448	$3,792,819	$225,383
2018	$3,566,777	$3,219,479	$3,546,281	$347,298

PROJECT SUNSHINE INC