THE INNOCENCE PROJECT INC (EIN 320077563) - 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

2003

Legal Domicile

Principal Officer

CHRISTINA SWARNS

Phone

2123645340

Tax Period

2024-07-01 to 2025-06-30

THE INNOCENCE PROJECT INC, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $37.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 15% operating margin.

Mission

DEDICATED TO EXONERATING THE WRONGFULLY CONVICTED AND REFORMING THE CRIMINAL JUSTICE SYSTEM.

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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 $33,239,906

Program Service Revenue $394,747

Investment Income $3,989,821

Other Revenue $-292,107

TOTAL REVENUE $37,332,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,256,603

Fundraising Expenses $4,024,804

Program Expenses $22,792,462

Other Expenses $11,291,018

TOTAL EXPENSES $31,547,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,332,367	$33,643,969	+0.1%
Expenses	$31,547,621	$29,266,147	+0.1%
Net Income	$5,784,746	$4,377,822	+0.3%

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

146

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

$798,601

Total Directors

Key Employees

$1,384,899

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA NAISOM-TARAJANO	BOARD MEMBER	1.50	Director	$0	$0	$0
TONY GOLDWYN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN REISS	BOARD MEMBER	3.00	Director	$0	$0	$0
CEDRIC L ALEXANDER	BOARD MEMBER	11.00	Director	$0	$0	$0
PIA COHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT HART	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER EBERHARDT	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW TANANBAUM	BOARD MEMBER/ASST. TREASURER	2.00	Officer Director	$0	$0	$0
MARVIN ANDERSON	BOARD MEMBER	20.00	Director	$0	$0	$0
VERED RABIA	BOARD MEMBER/VICE CHAIR	2.00	Officer Director	$0	$0	$0
GORDON DUGAN	BOARD MEMBER/TREASURER	2.00	Officer Director	$0	$0	$0
JOHN GRISHAM	BOARD MEMBER	3.00	Director	$0	$0	$0
NELSON ALONDRA	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA AUGUSTINE	BOARD MEMBER	1.50	Director	$0	$0	$0
JESSICA AROTH	BOARD MEMBER	1.50	Director	$0	$0	$0
YUSEF SALAAM	BOARD MEMBER	1.00	Director	$0	$0	$0
EKOW YANKAH	BOARD MEMBER/EXECUTIVE CMT	4.00	Officer Director	$0	$0	$0
JACK TAYLOR	BOARD MEMBER/CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTINA SWARNS	EXECUTIVE DIRECTOR	40.00	Officer	$448,414	$44,286	$492,700
JOSEPH THOMPSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$270,591	$35,310	$305,901
PETER NEUFELD	CO-FOUNDER	25.00	Officer	$0	$0	$0
BARRY SCHECK	CO-FOUNDER	40.00	Officer	$0	$0	$0
CORRINE PADAVANO	CHIEF PEOPLE OFFICER	40.00	Key Emp	$252,928	$40,999	$293,927
FIONA GUTHRIE	CHIEF COMMUNICATIONS OFFIC	40.00	Key Emp	$277,520	$16,854	$294,374
BHAVANDEEP SODHI	CHIEF PROGRAM OFFICER	40.00	Key Emp	$254,985	$52,115	$307,100
JESSICA RAWLINS SMITH	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$244,575	$16,915	$261,490
WILL WOODS	DIRECTOR OF INTAKE AND CASE EVAL	40.00	Key Emp	$178,166	$49,842	$228,008

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	$37,332,367	$31,547,621	$121,918,166	$5,784,746
2024	$33,643,969	$29,266,147	$112,432,824	$4,377,822
2023	$32,455,846	$26,212,682	$105,843,645	$6,243,164
2022	$42,317,102	$23,028,732	$89,892,529	$19,288,370
2021	$39,853,614	$18,549,932	$73,728,840	$21,303,682
2020	$21,373,256	$15,944,005	$49,137,501	$5,429,251
2019	$27,701,377	$15,053,163	$40,873,244	$12,648,214
2018	$13,426,018	$13,608,849	$27,393,869	$-182,831

THE INNOCENCE PROJECT INC