THE ASPIRE PROJECT (EIN 271118835) - 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

2009

Legal Domicile

Principal Officer

SUSAN DARROW

Phone

5035050382

Tax Period

2020-07-01 to 2021-06-30

THE ASPIRE PROJECT, founded in 2009, is a micro nonprofit that reported $601 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 669% operating deficit.

Mission

THE ASPIRE PROJECT PROVIDES QUALITY DANCE CLASSES FOR ALL CHILDREN WHO ARE GENUINELY INTERESTED IN THE ARTS. THE INTENT IS TO REACH ECONOMICALLY AT-RISK STUDENTS WHOSE FAMILIES/SCHOOLS CANNOT PROVIDE SUCH OPPORTUNITIES. WE ACCOMPLISH THIS THROUGH NON-TUITION BASED AFTER-SCHOOL PROGRAMS IN PARTNERSHIP WITH THE SUN COMMUNITY SCHOOLS & CLASSES AND SUMMER CAMPS OFFERED ON A SLIDING SCALE AT OUR STUDIO. ADULT DANCE AND FITNESS CLASSES ARE ALSO OFFERED ALONG WITH MATH TUTORING AND COMPUTER LABS FOR YOUTH.

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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 (2020)

Revenue Breakdown

Contributions & Grants $601

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $601

Expense Breakdown

Grants Paid $2,126

Salaries & Benefits $2,142

Fundraising Expenses $0

Program Expenses $2,531

Other Expenses $354

TOTAL EXPENSES $4,622

Year-over-Year Comparison

	2020	2019	Change
Revenue	$601	$260,370	-1.0%
Expenses	$4,622	$283,116	-1.0%
Net Income	$-4,021	$-22,746	-0.8%

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

N/A

Employees

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI MASCORRO	BOARD MEMBER	N/A	Director	$0	$0	$0
MARIA MONROY	BOARD MEMBER	N/A	Director	$0	$0	$0
ABBY SEEMANN	BOARD MEMBER	N/A	Director	$0	$0	$0
MELISSENT ZUMWALT	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL DARROW	TREASURER	N/A	Officer	$0	$0	$0
SUSAN DARROW	EXECUTIVE DI	N/A	Officer	$0	$0	$0
GREGG FORTNER	SECRETARY	N/A	Officer	$0	$0	$0
JEANETTE WILLIAMS	PRESIDENT	N/A	Officer	$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
2021	$601	$4,622	No data	$-4,021
2020	$260,370	$283,116	$19,021	$-22,746
2018	$245,895	$272,737	$29,967	$-26,842

THE ASPIRE PROJECT