PROJECT 40 31 INC (EIN 274203557) - 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

Lee Roberson

Phone

5756318270

Tax Period

2022-07-01 to 2023-06-30

PROJECT 40 31 INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $615K in total revenue in fiscal year 2022. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $589K left a modest 4% surplus.

Mission

TO RAISE FUNDS FOR IRS APROVED NON-PROFIT ENTITIES THAT SUPPORT THE TERMINALLY ILL, UNDERPRIVILEDGED CHILDREN AND INDIVIDUALS WITH SPECIAL NEEDS OR DRUG ABUSE AND OTHER IRS APPROVED NON-PROFIT ENTITIES. THE ORGANIZATION HOLDS AN ANNUAL GOLF TOURNAMENT AND AUCTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $614,775

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $614,775

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $584,564

Other Expenses $39,088

TOTAL EXPENSES $589,088

Year-over-Year Comparison

	2022	2021	Change
Revenue	$614,775	$410,135	+0.5%
Expenses	$589,088	$383,638	+0.5%
Net Income	$25,687	$26,497	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGETTE CURTIS	BOARD MEMBER	1	Director	$0	$0	$0
SCOTT CURTIS	BOARD MEMBER	1	Director	$0	$0	$0
CLAY GOODWIN	BOARD MEMBER	1	Director	$0	$0	$0
JUSTIN ROBERTS	PRESIDENT	1	Officer	$0	$0	$0
LEE ROBERSON	SECRETARY	1	Officer	$0	$0	$0
MELISSA SOTO	TREASURER	1	Officer	$0	$0	$0
HAYDEN HOLUB	VICE PRESIDENT	1	Key Emp	$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
2024	No data	No data	No data	No data
2023	$614,775	$589,088	$91,218	$25,687
2023	$801,225	$771,010	$63,397	$30,215
2022	$410,135	$383,638	$65,531	$26,497
2021	$184,311	$172,117	$39,034	$12,194

PROJECT 40 31 INC