PROJECT LEAD THE WAY INC (EIN 364802935) - 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

1999

Legal Domicile

Phone

3176690200

Tax Period

2023-07-01 to 2024-06-30

PROJECT LEAD THE WAY INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $69.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $65.2M left a modest 6% surplus.

Mission

PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.

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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 $14,735,786

Program Service Revenue $35,702,717

Investment Income $2,434,447

Other Revenue $16,798,652

TOTAL REVENUE $69,671,602

Expense Breakdown

Grants Paid $7,154,838

Salaries & Benefits $35,412,390

Fundraising Expenses $1,348,217

Program Expenses $53,379,400

Other Expenses $22,661,866

TOTAL EXPENSES $65,229,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,671,602	$61,023,810	+0.1%
Expenses	$65,229,094	$60,118,859	+0.1%
Net Income	$4,442,508	$904,951	+3.9%

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

295

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

$743,207

Total Directors

$649,065

Key Employees

$1,065,477

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT & CEO	50.0	Officer Director	$579,876	$69,189	$649,065
N/A	VICE CHAIR	5.0	Officer Director	$0	$0	$0
N/A	SECRETARY	5.0	Officer Director	$0	$0	$0
N/A	CHAIRMAN	5.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR (END 12/23)	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	DIRECTOR (END 3/24)	5.0	Director	$0	$0	$0
N/A	DIRECTOR (END 6/24)	5.0	Director	$0	$0	$0
N/A	DIRECTOR	5.0	Director	$0	$0	$0
N/A	CHIEF FINANCIAL OFFICER (BEG 9/23)	50.0	Officer	$82,964	$11,178	$94,142
N/A	CHIEF STRATEGY OFFICER	50.0	Key Emp	$368,405	$59,162	$427,567
N/A	CHIEF TALENT OFFICER	50.0	Key Emp	$287,223	$44,035	$331,258
N/A	CHIEF OPS & LOGISTICS OFFICER	50.0	Key Emp	$259,491	$47,161	$306,652
N/A	CHIEF TECHNOLOGY OFFICER	50.0	Highest	$263,808	$48,600	$312,408
N/A	CHIEF IMPACT OFFICER	50.0	Highest	$271,481	$57,022	$328,503
N/A	CHIEF PROGRAMS OFFICER (END 7/23)	50.0	Highest	$352,551	$33,416	$385,967
N/A	CHIEF CUSTOMER OFFICER (END 6/24)	50.0	Highest	$302,167	$28,272	$330,439
N/A	CHIEF LEGAL & COMPL. OFFICER	50.0	Highest	$280,342	$29,929	$310,271
N/A	CHIEF FINANCIAL OFFICER (END 5/23)	50.0		$351,278	$29,192	$380,470

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	$69,671,602	$65,229,094	$104,177,273	$4,442,508
2023	$61,023,810	$60,118,859	$102,702,002	$904,951
2023	$61,023,810	$60,118,859	$102,702,002	$904,951
2022	$65,462,690	$57,653,861	$104,347,608	$7,808,829
2021	$80,004,133	$41,882,395	$92,067,879	$38,121,738
2020	$60,241,841	$62,040,957	$55,634,479	$-1,799,116

PROJECT LEAD THE WAY INC