PROJECT REDESIGN INC (EIN 273346724) - 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

KAREN MOORE

Phone

2562274785

Tax Period

2024-01-01 to 2024-12-31

PROJECT REDESIGN INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $226K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

PROJECT REDESIGN REUSES DONATED FURNITURE TO REDESIGN HOMES SO FAMILIES CAN REBUILD THEIR LIVES.

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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 $215,444

Program Service Revenue $42,080

Investment Income $2,840

Other Revenue $-34,781

TOTAL REVENUE $225,583

Expense Breakdown

Grants Paid $33,450

Salaries & Benefits $67,682

Fundraising Expenses $2,891

Program Expenses $186,787

Other Expenses $127,583

TOTAL EXPENSES $228,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,583	$157,634	+0.4%
Expenses	$228,715	$135,013	+0.7%
Net Income	$-3,132	$22,621	-1.1%

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

$63,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN MOORE	PRESIDENT	15.00	Officer Director	$0	$0	$0
CATHRYN ROLFE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BENTLY PALMER	SECRETARY	2.00	Officer Director	$0	$0	$0
PAIGE RAGAN	TREASURER	5.00	Officer Director	$0	$0	$0
ELLIE BILLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BETH ANN GLASSFORD	DIRECTOR	1.00	Director	$0	$0	$0
BILLY ROWLAND	DIRECTOR	1.00	Director	$0	$0	$0
LIP DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE DAVIS	ACCOUNTANT	10.00	Officer	$10,000	$0	$10,000
MARY PATTON MURPHY	OPERATIONS MANAGER	40.00	Officer	$53,571	$0	$53,571

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	$225,583	$228,715	$190,123	$-3,132

PROJECT REDESIGN INC