PROJECT ONE FORTY THREE INC (EIN 271345034) - 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

2010

Legal Domicile

Principal Officer

TAMMY CANNON

Phone

7203090795

Tax Period

2024-01-01 to 2024-12-31

PROJECT ONE FORTY THREE INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $290K exceeded revenue, resulting in a 131% operating deficit.

Mission

PROVIDING EDUCATION AND ASSISTANCE FOR OLDER ORPHANS THROUGH INTERNATIONAL HOST PROGRAMS AS WELL AS ORPHANAGE ASSISTANCE.

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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 $119,182

Program Service Revenue $0

Investment Income $6,608

Other Revenue $0

TOTAL REVENUE $125,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,124

Fundraising Expenses $0

Program Expenses $264,393

Other Expenses $143,240

TOTAL EXPENSES $290,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,790	$213,772	-0.4%
Expenses	$290,364	$284,673	+0.0%
Net Income	$-164,574	$-70,901	+1.3%

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

N/A

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

$95,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY CANNON	PRESIDENT	40.00	Officer	$95,500	$0	$95,500

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	$125,790	$290,364	$568,422	$-164,574
2023	$213,772	$284,673	$723,750	$-70,901
2022	$367,417	$334,941	$795,920	$32,476
2021	$544,084	$498,235	$764,587	$45,849
2020	$192,076	$308,823	$719,283	$-116,747
2019	$820,041	$634,506	$839,287	$185,535
2018	$823,806	$797,249	$670,849	$26,557

PROJECT ONE FORTY THREE INC