THE CHANCE PROJECT

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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

RON GRIFFIN

Phone

9098416001

Tax Period

2021-01-01 to 2021-12-31

THE CHANCE PROJECT, founded in 2010, is a small nonprofit in the Human Services sector that reported $546K in total revenue in fiscal year 2021. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

THE CHANCE PROJECT IS COMMITTED TO ENSURING EVERY PERSON HAS EQUAL ACCESS TO THE RESOURCES THEY NEED TO THRIVE. WE OFFER A WIDE RANGE OF PROGRAMS AND SERVICES TO INDIVIDUALS IN ECONOMIC CRISIS WHILE SIMULTANEOUSLY HELPING THEM ADDRESS THE ROOT CAUSES OF THEIR SITUATION AND MOVE TO A LIFE OF SELF-RELIANCE AND PROSPERITY.

Program Service Accomplishments

Program 1

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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 (2021)

Revenue Breakdown

Contributions & Grants $546,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $546,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,471

Fundraising Expenses $0

Program Expenses $516,017

Other Expenses $512,322

TOTAL EXPENSES $572,793

Year-over-Year Comparison

	2021	2020	Change
Revenue	$546,500	$1,084,175	-0.5%
Expenses	$572,793	$1,084,051	-0.5%
Net Income	$-26,293	$124	-213.0%

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

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
REGINA FUNDERBURK	TREASURER	N/A	Officer	$0	$0	$0
RON GRIFFIN	EXECUTIVE DI	N/A	Officer	$0	$0	$0
STACY IVERSON	MEMBER	N/A	Officer	$0	$0	$0
JESSICA MATA	MEMBER	N/A	Officer	$0	$0	$0
IRENE SHENOUDA	VICE CHAIR	N/A	Officer	$0	$0	$0
JERRY WATTS	BOARD CHAIR	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	$546,500	$572,793	$1,559	$-26,293
2020	$1,084,175	$1,084,051	$385,468	$124
2019	$394,402	$370,536	$27,644	$23,866