PROJECT BLANK (EIN 352665040) - 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

2019

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

PROJECT BLANK, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 27% operating margin.

Mission

BRINGING TOGETHER DIVERSE ARTISTIC PRACTICES PROJECT BLANK PRODUCES NOVEL MUSICAL EXPERIENCES THAT CHALLENGE AND REFRAME THE LISTENERS RELATIONSHIP TO MUSIC.WE STRIVE TO BUILD CONNECTIONS BETWEEN DISPARATE COMMUNITIES IN OUR CITY AND PROVIDE NEW & EXCITING CREATIVE TALENT

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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 $171,046

Program Service Revenue $0

Investment Income $0

Other Revenue $1,854

TOTAL REVENUE $172,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,239

Fundraising Expenses $0

Program Expenses $96,686

Other Expenses $43,437

TOTAL EXPENSES $126,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,900	$81,823	+1.1%
Expenses	$126,676	$69,453	+0.8%
Net Income	$46,224	$12,370	+2.7%

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

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 NUSSMAN	BOARD SECRETARY	10.00	Officer	$0	$0	$0
BRENDAN NGUYEN	EXECUTIVE DIRECTOR	5.00	Officer	$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	$172,900	$126,676	$75,427	$46,224
2023	$81,823	$69,453	$28,412	$12,370

PROJECT BLANK