PROJECT DESTINY INC (EIN 260091366) - 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

2004

Legal Domicile

Principal Officer

REVEREND BRENDA GREGG

Phone

4122311258

Tax Period

2024-01-01 to 2024-12-31

PROJECT DESTINY INC, founded in 2004, is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

TO REACH, EDUCATE, INSPIRE, GROW AND NURTURE YOUTH IN THE PITTSBURGH AREA THROUGH AFTER-SCHOOL AND SUMMER ENRICHMENT PROGRAMS FOR YOUTH, JOB READINESS AND WORKFORCE DEVELOPMENT TRAINING, FINANCIAL LITERACY WORKSHOPS, AND COMMUNITY OUTREACH INITIATIVES THAT CONNECT RESIDENTS WITH ESSENTIAL SERVICES.

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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 $1,946,308

Program Service Revenue $275,894

Investment Income $43,812

Other Revenue $5,200

TOTAL REVENUE $2,271,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,398,611

Fundraising Expenses $12,820

Program Expenses $2,042,286

Other Expenses $864,132

TOTAL EXPENSES $2,262,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,271,214	$2,317,925	0.0%
Expenses	$2,262,743	$2,363,322	0.0%
Net Income	$8,471	$-45,397	-1.2%

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

$82,718

Total Directors

$95,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVENEND BRENDA GREGG	EXECUTIVE DIRECTOR	40.00	Officer Director	$77,760	$4,958	$82,718
FLOYD DESCHAMPS	DIRECTOR	2.00	Officer Director	$0	$0	$0
SAMUEL KAMIN ESQ	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ROSALYN MAROKVITZ	DIRECTOR	2.00	Director	$12,650	$0	$12,650
JAMIE HANSON	DIRECTOR	2.00	Director	$0	$0	$0
CAROL LYNN GREER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PETERS	DIRECTOR	2.00	Director	$0	$0	$0
MAGGIE FEINSTEIN	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	$2,271,214	$2,262,743	$2,615,977	$8,471
2023	$2,365,526	$2,410,922	$2,441,555	$-45,396
2022	$2,210,139	$2,166,586	$2,440,378	$43,553
2021	$1,945,475	$2,098,347	$2,368,372	$-152,872
2020	$2,573,821	$1,906,616	$2,704,574	$667,205
2019	$1,329,922	$1,671,948	$1,861,426	$-342,026
2018	$1,135,676	$1,194,628	$2,149,489	$-58,952

PROJECT DESTINY INC