PROJECT RESCUE INC (EIN 412247638) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

TOM IRWIN

Phone

2566166583

Tax Period

2023-01-01 to 2023-12-31

PROJECT RESCUE INC, founded in 2007, is a small nonprofit in the Mental Health sector that reported $545K in total revenue in fiscal year 2018. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $492K left a modest 10% surplus.

Mission

TO ASSIST ADDICTION RECOVERY INDIVIDUALS AND THEIR FAMILIES WITH HOUSING, TRANSPORTATION, FOOD AND PERSONAL NEEDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $338,015

Program Service Revenue $214,100

Investment Income $684

Other Revenue $1,066

TOTAL REVENUE $553,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,096

Fundraising Expenses $0

Program Expenses $587,503

Other Expenses $387,407

TOTAL EXPENSES $587,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,865	$585,318	-0.1%
Expenses	$587,503	$568,781	+0.0%
Net Income	$-33,638	$16,537	-3.0%

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
TOM IRWIN	CHAIRMAN / P	N/A	Officer Director	$0	$0	$0
SEIGFRIED BILL	SECRETARY	N/A	Officer Director	$0	$0	$0
MIKE DAVIDSON	VICE CHAIRMA	N/A	Director	$0	$0	$0
JOHNNY HOPE	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN NAUMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
BEN MACKLIN	BOARD MEMBER	N/A	Director	$0	$0	$0
RAY R SOLLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
DOYLE WHITLOW	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE SEALS	BOARD MEMBER	N/A	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
2024	No data	No data	No data	No data
2023	$553,865	$587,503	$670,589	$-33,638
2022	$585,318	$568,781	$681,485	$16,537
2021	$583,265	$545,210	$667,731	$38,055
2020	$511,937	$460,050	$634,853	$51,887
2019	$638,505	$471,934	$571,604	$166,571
2018	$545,069	$492,328	$421,922	$52,741

PROJECT RESCUE INC