Project Life

EIN: 274233680 501(c)(3) Health Care

Charlotte, NC

Total Revenue
$216,392
Total Expenses
$310,179
Total Assets
$186,238
Net Assets
$186,238
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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
NC
Principal Officer
John Ramey
Phone
8287720365
Tax Period
2022-07-01 to 2023-06-30

Project Life, founded in 2010, is a small nonprofit in the Health Care sector that reported $216K in total revenue in fiscal year 2022. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $310K exceeded revenue, resulting in a 43% operating deficit.

Mission

Project Life is a national movement to increase the potential pool of bone marrow andtissue donors by testing and registering college students with a simple cheek swab.

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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 (2022)

Revenue Breakdown

Contributions & Grants $215,756
Program Service Revenue $0
Investment Income $636
Other Revenue $0
TOTAL REVENUE $216,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $244,561
Fundraising Expenses $0
Program Expenses $252,616
Other Expenses $65,618
TOTAL EXPENSES $310,179

Year-over-Year Comparison

2022 2021 Change
Revenue $216,392 $126,113 +0.7%
Expenses $310,179 $233,251 +0.3%
Net Income $-93,787 $-107,138 -0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
450

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
3
$86,544
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Henegar Executive Dir. 40.00
Officer
$86,544 $0 $86,544
Steve Ball Director 1.00
Director
$0 $0 $0
Ed Balogh Director 1.50
Director
$0 $0 $0
Steven De George Director 1.00
Director
$0 $0 $0
Steve Luquire Past Chair 2.00
Director
$0 $0 $0
Ike Grainger Director 1.00
Director
$0 $0 $0
Matt Snyder Chairman 3.00
Officer Director
$0 $0 $0
Prem Manjooran Director 0.00
Director
$0 $0 $0
Taylor Mokris Director 0.00
Director
$0 $0 $0
David Darnell Director 0.00
Director
$0 $0 $0
John Ramey Treasurer 3.00
Officer Director
$0 $0 $0
Mary Dowd Director 1.00
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $216,392 $310,179 $186,238 $-93,787
2022 $126,113 $233,251 $283,871 $-107,138
2021 $169,886 $217,289 $426,509 $-47,403
2020 $159,672 $295,792 $491,617 $-136,120
2019 $757,513 $361,137 $574,024 $396,376
2018 $551,130 $583,824 $184,251 $-32,694
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