Project Undercover Inc

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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

Richard Fleischer

Phone

4017872725

Tax Period

2025-01-01 to 2025-12-31

Project Undercover Inc, founded in 2010, is a small nonprofit in the Human Services sector that reported $339K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 62% operating margin.

Mission

Over 45,000 kids in RI don't have access to clean, new underwear, socks and diapers. Project Undercover provides these necessities to kids living in poverty.

Program Service Accomplishments

Program 1

Expenses: $112,664

Provided over 1,000,000 items (diapers, socks, underwer, wipes and other) to children and families in need in RI

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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 (2025)

Revenue Breakdown

Contributions & Grants $164,559

Program Service Revenue $0

Investment Income $175,946

Other Revenue $-1,436

TOTAL REVENUE $339,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,923

Fundraising Expenses $0

Program Expenses $112,664

Other Expenses $68,032

TOTAL EXPENSES $129,955

Year-over-Year Comparison

	2025	2024	Change
Revenue	$339,069	$262,102	+0.3%
Expenses	$129,955	$181,100	-0.3%
Net Income	$209,114	$81,002	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEPHANIE WILMARTH	Vice President	Director	$0	$0	$0
DEBRA DISCUILLO	Director	Director	$0	$0	$0
LISA COHEN	Director	Director	$0	$0	$0
ELIZABETH SHERIDAN	Director	Director	$0	$0	$0
SARA REMINGTON	Director	Director	$0	$0	$0
SARAH FLEISCHER	Director	Director	$0	$0	$0
JILL CORMIER	Secretary	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	$339,069	$129,955	$1,475,679	$209,114
2024	$262,102	$181,100	$1,266,564	$81,002
2023	$248,679	$155,206	$1,185,562	$93,473
2022	$-16,330	$118,374	$1,092,089	$-134,704
2021	$304,668	$123,329	$1,226,793	$181,339
2020	$261,465	$66,811	$1,045,454	$194,654