PROJECT LIFELINE

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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

1994

Legal Domicile

Principal Officer

SUSAN M GOLDSCHMIDT

Phone

8478354655

Tax Period

2024-01-01 to 2024-12-31

PROJECT LIFELINE, founded in 1994, is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO YOUNG MEN AND WOMEN WHO HAVE BECOME INVOLVED IN THE JUVENILE JUSTICE SYSTEM OF COOK COUNTY.

Program Service Accomplishments

Program 1

Expenses: $216,815

THE GOAL OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO YOUTHS REFERRED BY THE CIRCUIT COURT OF COOK COUNTY, JUVENILE DIVISION. DURING THE YEAR, FIFTY STUDENTS RECEIVED...

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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 $231,150

Program Service Revenue $0

Investment Income $-91,775

Other Revenue $0

TOTAL REVENUE $139,375

Expense Breakdown

Grants Paid $207,557

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,815

Other Expenses $9,258

TOTAL EXPENSES $216,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,375	$258,950	-0.5%
Expenses	$216,815	$166,373	+0.3%
Net Income	$-77,440	$92,577	-1.8%

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

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
SUSAN M GOLDSCHMIDT	PRESIDENT AND SECRETARY	5.00	Officer Director	$0	$0	$0
MILES A TAUB	VICE PRESIDENT AND TREASUR	1.00	Officer Director	$0	$0	$0
TOM SCHNEIDER	DIRECTOR	5.00	Director	$0	$0	$0
CRYSTAL DOMINGUEZ	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$139,375	$216,815	$210,483	$-77,440
2023	$258,950	$166,373	$193,218	$92,577
2022	$200,531	$206,513	$86,995	$-5,982
2021	$367,444	$215,923	$201,345	$151,521
2020	$209,633	$189,010	$49,824	$20,623