PROJECT SYNCERE (EIN 262554942) - 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

2008

Legal Domicile

Principal Officer

JASON L COLEMAN

Phone

7739828261

Tax Period

2024-09-01 to 2025-08-31

PROJECT SYNCERE, founded in 2008, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

PROVIDES PROFESSIONAL EDUCATIONAL SERVICES TO TEACHERS AND STUDENTS AT SCHOOLS IN THE CHICAGOLAND AREA WITH THE FOCUS IN ENGINEERING

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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 $1,577,349

Program Service Revenue $209,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,787,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,339,970

Fundraising Expenses $101,395

Program Expenses $1,174,415

Other Expenses $615,450

TOTAL EXPENSES $1,955,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,787,299	$1,855,726	0.0%
Expenses	$1,955,420	$2,395,703	-0.2%
Net Income	$-168,121	$-539,977	-0.7%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$178,875

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON L COLEMAN	EXECUTIVE DIRECTOR	50.00	Highest	$139,505	$0	$139,505
ADRIANNE WHEELER-BALL	PROGRAM DIRECTOR	45.00	Key Emp	$97,335	$0	$97,335
CRAIG MORRIS	DIR OF DEVELOPMENT	45.00	Key Emp	$81,540	$0	$81,540
CANDICE SMITH	BOARD PRESIDENT	10.00	Director	$0	$0	$0
SHAUN GARRISON	BOARD TREASURER	10.00	Director	$0	$0	$0
SEUN PHILLIPS	BOARD SECRETARY	0.00	Director	$0	$0	$0
CHERIE MEADOR	BOARD MEMBER	10.00	Director	$0	$0	$0
MARC NUNN	BOARD MEMBER	10.00	Director	$0	$0	$0
RASHAANDA COOK	BOARD MEMBER	10.00	Director	$0	$0	$0
SANDOR WILLIAMS	BOARD MEMBER	10.00	Director	$0	$0	$0
ANDRIA WINTERS	BOARD MEMBER	10.00	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	$1,787,299	$1,955,420	$157,230	$-168,121
2024	$1,855,726	$2,395,703	$318,072	$-539,977
2024	$2,128,585	$2,403,171	$327,617	$-274,586
2023	$2,371,721	$2,305,535	$410,758	$66,186
2023	$2,555,123	$2,622,554	$869,667	$-67,431
2022	$2,055,904	$1,937,215	$480,192	$118,689
2021	$1,580,166	$1,251,415	$368,922	$328,751

PROJECT SYNCERE