PROJECT 180 SARASOTA INC (EIN 263092460) - 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

WENDY COX

Phone

9417805227

Tax Period

2024-01-01 to 2024-12-31

PROJECT 180 SARASOTA INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $540K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 26 months of operating reserves.

Mission

PROJECT 180 SEEKS TO REINTEGRATE FORMERLY INCARCERATED CITIZENS INTO COMMUNITY LIFE.

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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 $410,552

Program Service Revenue $122,459

Investment Income $17,854

Other Revenue $-10,452

TOTAL REVENUE $540,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,749

Fundraising Expenses $91,753

Program Expenses $333,920

Other Expenses $244,310

TOTAL EXPENSES $537,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,413	$855,509	-0.4%
Expenses	$537,059	$447,620	+0.2%
Net Income	$3,354	$407,889	-1.0%

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

$91,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SHUEL	CHAIR	4.00	Officer Director	$0	$0	$0
WENDY COX	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ARLENE TRACY	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCE MONTESANO	TREASURER	2.00	Officer Director	$0	$0	$0
MONICA WATERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA GORE MEADE	DIRECTOR	1.00	Director	$0	$0	$0
JOE MALAVE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUATTRONE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA RICHARDS	CEO	46.00	Officer	$75,000	$16,581	$91,581

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	$540,413	$537,059	$1,478,521	$3,354
2023	$855,509	$447,620	$1,474,568	$407,889
2022	$605,792	$371,202	$1,053,274	$234,590
2021	$389,603	$345,984	$557,805	$43,619
2020	$344,146	$275,280	$504,090	$68,866
2019	$427,215	$199,873	$433,992	$227,342

PROJECT 180 SARASOTA INC