NEIGHBORHOOD IMPROVEMENT PROJECT INC (EIN 311591242) - 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

1998

Legal Domicile

Principal Officer

J R RICHARDS

Phone

7067904440

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD IMPROVEMENT PROJECT INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $57.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

DEVELOPMENT AND IMPLEMENTATION OF A COMPREHENSIVE PLAN PROVIDING FOR THE COMMUNITY'S PHYSICAL HEALTH, MENTAL HEALTH, SPIRITUAL HEALTH, AND ENVIRONMENTAL AND ECONOMIC NEEDS, WITH ATTENTION TO THE ELDERLY AND FAMILY.

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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 $4,976,509

Program Service Revenue $49,919,220

Investment Income $174,751

Other Revenue $2,702,609

TOTAL REVENUE $57,773,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,834,687

Fundraising Expenses $0

Program Expenses $45,077,405

Other Expenses $31,006,078

TOTAL EXPENSES $58,840,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,773,089	$53,119,899	+0.1%
Expenses	$58,840,765	$50,508,745	+0.2%
Net Income	$-1,067,676	$2,611,154	-1.4%

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

396

Volunteers

N/A

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

$1,162,296

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KILGORE	PHYSICIAN	40.00	Highest	$600,637	$28,311	$628,948
FRANCISCO HERNANDEZ-MUNOZ	PHYSICIAN	40.00	Highest	$574,552	$17,527	$592,079
ALAN DEANGELO MD	PHYSICIAN	40.00	Highest	$508,776	$11,697	$520,473
CHRIS SHEPARD	PHYSICIAN	40.00	Highest	$418,465	$41,216	$459,681
DARYL WILEY	PHYSICIAN	40.00	Highest	$412,063	$27,671	$439,734
J R RICHARDS	CEO	40.00	Officer	$410,273	$28,575	$438,848
TOMMY GINN	CMO	40.00	Officer	$270,339	$25,172	$295,511
WESLEY WOOD	CFO	40.00	Officer	$215,400	$9,411	$224,811
JENNIFER CLARK	COO	40.00	Officer	$135,922	$22,937	$158,859
YVONNE JOHNSON	CMO(TERM 3/2	N/A	Officer	$44,267	$0	$44,267
JANICE BAILEY	MEMBER	1.00	Director	$0	$0	$0
SCOTT BRADFORD	MEMBER	N/A	Director	$0	$0	$0
ELSA BUSTAMANTE	MEMBER	1.00	Director	$0	$0	$0
KIM W GAINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD HOLMES	MEMBER	1.00	Director	$0	$0	$0
ROBERT WOODS III	TREASURER	1.00	Officer Director	$0	$0	$0
LE'JOI WILLIAMSON JD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LARRY JENKINS	MEMBER	1.00	Director	$0	$0	$0
VALERIE KELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCINE HOLMES-BRAWNER RN	MEMBER	1.00	Director	$0	$0	$0
GHAZALA TURABI	MEMBER	1.00	Director	$0	$0	$0
BARBARA WASHINGTON	MEMBER	1.00	Director	$0	$0	$0
V BOBBY WILLIAMS	PRESIDENT(TE	N/A	Officer 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	$57,773,089	$58,840,765	$31,206,502	$-1,067,676
2023	$53,119,899	$50,508,745	$31,297,048	$2,611,154
2022	$38,068,641	$35,224,588	$18,809,375	$2,844,053
2021	$31,392,115	$31,338,882	$13,197,454	$53,233
2020	$24,738,698	$24,238,184	$12,770,161	$500,514
2019	$19,343,266	$19,338,601	$12,543,650	$4,665
2018	$16,339,175	$16,294,284	$10,853,831	$44,891

NEIGHBORHOOD IMPROVEMENT PROJECT INC