PROJECT EATS INC (EIN 300558873) - 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

2009

Legal Domicile

Principal Officer

LINDA GOODE BRYANT

Phone

2126121528

Tax Period

2024-01-01 to 2024-12-31

PROJECT EATS INC, founded in 2009, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

FOUNDED IN 2009 BY ARTIST LINDA GOODE BRYANT, PROJECT EATS IS A LIVING INSTALLATION OF NEIGHBORHOOD-BASED, SMALL-PLOT, HIGH YIELD FARMS THAT USE URBAN AGRICULTURE, PARTNERSHIPS, AND SOCIAL ENTERPRISE TO SUSTAINABLY GROW AND EQUITABLY DISTRIBUTE FRESH, LOCAL, ORGANICALLY GROWN FOOD IN COMMUNITIES ACROSS NEW YORK CITY. PROJECT EATS TRANSFORMS VACANT LOTS AND ROOFTOPS INTO VIABLE FARMS SUPPORTING FARM STANDS, PANTRIES, PREPARED FOOD, AND COMMUNITY PROGRAMS IN NEIGHBORHOODS DISPROPORTIONATELY EXPERIENCING INEQUITABLE FOOD ACCESS AND DIET-RELATED ILLNESS ACROSS NEW YORK CITY. COMMUNITIES DESERVE TO GROW THEIR OWN FOOD RIGHT WHERE THEY LIVE-ART THAT FEEDS.

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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 $1,079,977

Program Service Revenue $33,777

Investment Income $54,374

Other Revenue $209,936

TOTAL REVENUE $1,378,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $966,243

Fundraising Expenses $122,796

Program Expenses $880,539

Other Expenses $596,279

TOTAL EXPENSES $1,562,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,378,064	$1,189,894	+0.2%
Expenses	$1,562,522	$1,494,724	+0.0%
Net Income	$-184,458	$-304,830	-0.4%

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

$159,928

Total Directors

$159,928

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA GOODE BRYANT	FOUNDER/PRESIDENT	60.00	Officer Director	$150,000	$9,928	$159,928
HARRIET SANFORD	BOARD CHAIR	6.00	Officer Director	$0	$0	$0
ANDREW WARREN	TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH HOWNG	SECRETARY	1.00	Officer Director	$0	$0	$0
JON GILMAN	DIRECTOR	2.00	Director	$0	$0	$0
KORBIN HEISS	DIRECTOR	1.00	Director	$0	$0	$0
NILDA ISIDRO	DIRECTOR	1.00	Director	$0	$0	$0
MARC PAYOT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SCHWAN	DIRECTOR	1.00	Director	$0	$0	$0
LORNA SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
VERONIQUE TILLINGHAST	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE WELLS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WORKNEH	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
2024	$1,378,064	$1,562,522	$3,419,320	$-184,458
2023	$1,189,894	$1,494,724	$3,076,807	$-304,830
2022	$3,205,657	$1,250,471	$2,811,423	$1,955,186
2021	$1,101,691	$1,030,908	$1,096,163	$70,783
2020	$1,008,625	$928,756	$1,022,443	$79,869
2019	$1,335,513	$904,841	$975,468	$430,672
2018	$868,869	$648,233	$182,787	$220,636

PROJECT EATS INC