ABANDON PROJECT INC

EIN: 272493515 501(c)(3) Human Services

Matthews, NC

Total Revenue
$459,940
Total Expenses
$311,319
Total Assets
$198,653
Net Assets
$198,653
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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
2012
Legal Domicile
NC
Principal Officer
James Meadows
Phone
7046610663
Tax Period
2023-01-01 to 2023-12-31

ABANDON PROJECT INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $460K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $149K, a strong 32% operating margin.

Mission

Provide meals, school supplies, tutoring and other resources for families.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $459,924
Program Service Revenue $0
Investment Income $16
Other Revenue $0
TOTAL REVENUE $459,940

Expense Breakdown

Grants Paid $7,439
Salaries & Benefits $207,491
Fundraising Expenses $92,096
Program Expenses $128,494
Other Expenses $96,389
TOTAL EXPENSES $311,319

Year-over-Year Comparison

2023 2022 Change
Revenue $459,940 $495,525 -0.1%
Expenses $311,319 $252,205 +0.2%
Net Income $148,621 $243,320 -0.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
11
Volunteers
120

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
1
$65,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Meadows Executive Director 40
Officer
$65,000 $0 $65,000
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
2023 $459,940 $311,319 $198,653 $148,621
2022 $495,525 $252,205 $222,444 $243,320
2021 $391,533 $225,459 $193,036 $166,074
2020 $260,833 $226,877 $90,710 $33,956
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