Red Sweater Project (EIN 275222528) - 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

2011

Legal Domicile

Principal Officer

Ashley Holmer

Phone

9713351328

Tax Period

2022-01-01 to 2022-12-31

Red Sweater Project, founded in 2011, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $273K left a modest 10% surplus.

Mission

To increase access to secondary school education for the indigenous children of Tanzania.

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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 $302,754

Program Service Revenue $403

Investment Income $0

Other Revenue $0

TOTAL REVENUE $303,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,156

Fundraising Expenses $20,987

Program Expenses $210,235

Other Expenses $160,851

TOTAL EXPENSES $273,007

Year-over-Year Comparison

	2022	2021	Change
Revenue	$303,157	$236,862	+0.3%
Expenses	$273,007	$248,428	+0.1%
Net Income	$30,150	$-11,566	-3.6%

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

$54,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashley Holmer	Executive Dir.	40.00	Officer	$54,939	$0	$54,939
Ada Bansik	Trustee	1.00	Director	$0	$0	$0
John Nyberg	Trustee	1.00	Director	$0	$0	$0
Alan Holmer	Trustee	1.00	Director	$0	$0	$0
John Nicholson	Trustee	1.00	Director	$0	$0	$0
Kim Osoni	Trustee	1.00	Director	$0	$0	$0
Paul Robarts	Trustee	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
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$303,157	$273,007	$133,604	$30,150
2021	$236,862	$248,428	$103,454	$-11,566
2020	$238,901	$319,799	$115,020	$-80,898
2019	$317,345	$242,437	$196,918	$74,908
2018	$355,379	$349,109	$133,210	$6,270

Red Sweater Project