The Vera Project

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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

2002

Legal Domicile

Principal Officer

RICKY GRABOSKI

Phone

2069568372

Tax Period

2023-01-01 to 2023-12-31

The Vera Project, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

A MUSIC AND ARTS NONPROFIT DEDICATED TO FOSTERING A PARTICIPATORY CREATIVE CULTURE THROUGH POPULAR MUSIC CONCERTS, ARTS PROGRAMS, EXPERIENTIAL LEARNING, AND VOLUNTEER LEADERSHIP OPPORTUNITIES FOR ALL AGES, ESPECIALLY YOUNG PEOPLE AGES 14-24. SIGNIFICANT PROGRAM ACTIVITIES CLASSIFIED BY PRESENTATION, EDUCATION, AND PARTICIPATION IN MUSIC AND ART.

Program Service Accomplishments

Program 1

Expenses: $770,273

POPULAR MUSIC CONCERTS AND VISUAL ART PRESENTATION FOR AUDIENCES OF ALL AGES, SERVING OVER 60,000 PEOPLE IN 2023, INCLUDING 15,080 SHOW ATTENDEES, 1,900 INDIVIDUAL ARTISTS, AND OVER 40,000 THROUGH...

POPULAR MUSIC CONCERTS AND VISUAL ART PRESENTATION FOR AUDIENCES OF ALL AGES, SERVING OVER 60,000 PEOPLE IN 2023, INCLUDING 15,080 SHOW ATTENDEES, 1,900 INDIVIDUAL ARTISTS, AND OVER 40,000 THROUGH PARTICIPATION IN LARGE-SCALE REGIONAL FESTIVALS, OFFSITE PROGRAMS, AND COMMUNITY ENGAGEMENT.

Program 2

Expenses: $102,703

YOUTH-ORIENTED MUSIC AND ARTS-BASED EDUCATION PROGRAMMING, INCLUDING CLASSES, WORKSHOPS, OPEN SESSIONS, INTERNSHIPS, AND EXPERIENTIAL LEARNING OPPORTUNITIES, SERVING 750 PEOPLE.

Program 3

Expenses: $154,055

YOUTH ENGAGEMENT AND PARTICIPATION, INCLUDING VOLUNTEER LEADERSHIP OPPORTUNITIES AT ALL CONCERT EVENTS AND A MEMBERSHIP STRUCTURE THAT INTEGRATES YOUTH MEMBERS INTO THE ORGANIZATIONS GOVERNANCE AND OPERATIONS. VERA ENGAGED OVER 232 NEW AND ACTIVE VOLUNTEERS IN 2023, FULFILLING 6,600 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 130 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2023, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES

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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 (2023)

Revenue Breakdown

Contributions & Grants $649,685

Program Service Revenue $669,589

Investment Income $0

Other Revenue $65,722

TOTAL REVENUE $1,384,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,979

Fundraising Expenses $86,978

Program Expenses $1,027,031

Other Expenses $957,182

TOTAL EXPENSES $1,546,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,384,996	$1,241,947	+0.1%
Expenses	$1,546,161	$1,250,599	+0.2%
Net Income	$-161,165	$-8,652	+17.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN ZWICKEL	CHAIR	005.00	Officer Director	$0	$0	$0
KIM WEST	VICE-CHAIR	005.00	Officer Director	$0	$0	$0
BETSY TROUTMAN	TREASURER	005.00	Officer Director	$0	$0	$0
SCOTT ROSEN	SECRETARY	005.00	Officer Director	$0	$0	$0
ABE CLAIBORNE	BOARD MEMBER	005.00	Director	$0	$0	$0
DANA BOS	BOARD MEMBER	005.00	Director	$0	$0	$0
AARON CARR	BOARD MEMBER	005.00	Director	$0	$0	$0
MARY ROBINS	BOARD MEMBER	005.00	Director	$0	$0	$0
ANDREW WALSH	BOARD MEMBER	005.00	Director	$0	$0	$0
PHIL BOUIE	BOARD MEMBER	005.00	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	$1,384,996	$1,546,161	$689,621	$-161,165
2022	$1,241,947	$1,250,599	$857,993	$-8,652
2021	$1,094,389	$920,854	$942,628	$173,535
2020	$721,757	$697,708	$769,242	$24,049
2019	$909,951	$955,971	$687,177	$-46,020
2018	$809,929	$805,801	$728,918	$4,128