PROJECT EDUCATION PLUS (EIN 363081102) - 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

1980

Legal Domicile

Principal Officer

Vincil Carter

Phone

3125200905

Tax Period

2024-07-01 to 2025-06-30

PROJECT EDUCATION PLUS, founded in 1980, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 32% operating deficit.

Mission

Project Education Plus (PEP)'s mission is to enlighten and mentor youth on how to take advantage of academic, arts, technology, and athletic outlets in society and translate that knowledge into a successful self-sufficient life.

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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 $192,991

Program Service Revenue $0

Investment Income $0

Other Revenue $-17,089

TOTAL REVENUE $175,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,521

Fundraising Expenses $1,525

Program Expenses $133,756

Other Expenses $178,971

TOTAL EXPENSES $233,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,902	$503,340	-0.7%
Expenses	$233,017	$496,857	-0.5%
Net Income	$-57,115	$6,483	-9.8%

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

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
David Gates	President	15	Director	$0	$0	$0
Karoline Towner	Vice President	15	Director	$0	$0	$0
Michael Horton	Treasurer	15	Director	$0	$0	$0
Joseph Rumenapp	Secretary	10	Director	$0	$0	$0
Alan Carter	Director	15	Director	$0	$0	$0
Vincil Carter	Executive Director	40	Director	$0	$0	$0
Mary Czerwionka	Director	10	Director	$0	$0	$0
Delores Johnson	Director	20	Director	$0	$0	$0
Jim Langhenry	Director	10	Director	$0	$0	$0
John Lawrence	Director	10	Director	$0	$0	$0
Lynette Smith	Director	20	Director	$0	$0	$0
Laura Walder	Director	10	Director	$0	$0	$0
Paul Walder	Director	10	Director	$0	$0	$0
John Gardner	Director	10	Director	$0	$0	$0
Nell Posmer	Director	10	Director	$0	$0	$0
Katrina Christakis	Director	10	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	$175,902	$233,017	$28,804	$-57,115
2024	$503,340	$496,857	$80,882	$6,483
2023	$362,583	$348,586	$20,291	$13,997
2022	$233,089	$231,614	$6,294	$1,475
2021	$295,850	$295,838	$43,449	$12

PROJECT EDUCATION PLUS