PROJECT PURPLE INC (EIN 273492063) - 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

SANDINO VERRELLI

Phone

2037146052

Tax Period

2024-01-01 to 2024-12-31

PROJECT PURPLE INC, founded in 2010, is a community nonprofit in the Medical Research sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF PROJECT PURPLE IS TO RAISE AWARENESS AND FUNDS TOWARD A CURE OF PANCREATIC CANCER. IN ADDITION, PROJECT PURPLE MOTIVATES PEOPLE TO RUN IN WORLD RENOWNED MARATHONS AND HALF MARATHONS TO RAISE MISSION CRITICAL FUNDS.

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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 $2,882,896

Program Service Revenue $69,596

Investment Income $43,728

Other Revenue $628

TOTAL REVENUE $2,996,848

Expense Breakdown

Grants Paid $1,405,530

Salaries & Benefits $684,397

Fundraising Expenses $65,056

Program Expenses $2,896,142

Other Expenses $1,059,512

TOTAL EXPENSES $3,149,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,996,848	$2,556,444	+0.2%
Expenses	$3,149,439	$2,108,354	+0.5%
Net Income	$-152,591	$448,090	-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

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

$214,662

Total Directors

$214,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN LIVELY	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRENT SHEEHAN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
ALEX PALIOS	TREASURER	3.00	Officer Director	$0	$0	$0
KATHLEEN BALDUCCI	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY LUONGO	DIRECTOR	1.00	Director	$0	$0	$0
BRET SCHIPPER	DIRECTOR	1.00	Director	$0	$0	$0
JAY BUTH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BECKAGE	DIRECTOR	1.00	Director	$0	$0	$0
SANDINO VERRELLI	FOUNDER AND	40.00	Officer Director	$212,128	$2,534	$214,662

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	$2,996,848	$3,149,439	$2,234,680	$-152,591
2023	$2,556,444	$2,108,354	$1,944,886	$448,090
2022	$1,765,053	$1,420,478	$1,495,812	$344,575
2021	$1,393,702	$1,061,200	$1,123,712	$332,502
2020	$933,835	$788,298	$739,904	$145,537
2019	$1,482,219	$1,522,476	$652,076	$-40,257
2018	$1,437,970	$1,053,065	$667,732	$384,905

PROJECT PURPLE INC