PROJECT SEEK INC (EIN 330615977) - 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

1995

Legal Domicile

Principal Officer

Rachel Schact

Phone

5628830302

Tax Period

2023-04-01 to 2024-03-31

PROJECT SEEK INC, founded in 1995, is a small nonprofit in the Education sector that reported $231K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 15% operating margin.

Mission

PROJECT SEEK DONATES MONEY TO LOS ALAMITOS UNIFIED SCHOOL DISTRICT, DESIGNATED TO BE USED TO FUND ART INSTRUCTION, PHYSICAL EDUCATION, MEDIA CENTER, AND OTHER POSITIONS AT MCGAUGH ELEMENTARY SCHOOL.

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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 $46,914

Program Service Revenue $0

Investment Income $0

Other Revenue $183,676

TOTAL REVENUE $230,590

Expense Breakdown

Grants Paid $191,235

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,235

Other Expenses $4,258

TOTAL EXPENSES $195,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,590	$309,856	-0.3%
Expenses	$195,493	$189,370	+0.0%
Net Income	$35,097	$120,486	-0.7%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Pearson	Treasurer	2.00	Officer Director	$0	$0	$0
Rachel Schact	President	2.00	Officer Director	$0	$0	$0
Worthy Havens	Vice President	2.00	Officer Director	$0	$0	$0
Kelly Stratmann	Secretary	2.00	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
2025	No data	No data	No data	No data
2024	$230,590	$195,493	$328,063	$35,097
2023	$309,856	$189,370	$292,966	$120,486
2022	$121,504	$156,417	$172,480	$-34,913
2021	$132,407	$207,813	$207,393	$-75,406
2020	$208,334	$131,799	$282,799	$76,535
2019	$14,530	$6,566	$206,264	$7,964

PROJECT SEEK INC