Project MEGSSS Inc (EIN 431191496) - 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

Harvey Chiles

Phone

3148425968

Tax Period

2023-06-01 to 2024-05-31

Project MEGSSS Inc, founded in 1980, is a micro nonprofit in the Education sector that reported $51K in total revenue in fiscal year 2023. Expenses of $80K exceeded revenue, resulting in a 56% operating deficit.

Mission

Discover, inspire and develop the talents of middle school students with extraordinary gifts in mathematics.

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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 $30,862

Program Service Revenue $20,363

Investment Income $151

Other Revenue $0

TOTAL REVENUE $51,376

Expense Breakdown

Grants Paid $250

Salaries & Benefits $36,419

Fundraising Expenses $3,406

Program Expenses $71,490

Other Expenses $43,712

TOTAL EXPENSES $80,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,376	$49,095	+0.0%
Expenses	$80,381	$134,013	-0.4%
Net Income	$-29,005	$-84,918	-0.7%

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

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

$7,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katina Truman	President	10.00	Officer	$0	$0	$0
Mike Rausch	Secretary	1.00	Officer	$0	$0	$0
Jessica Harkins	Treasurer	1.00	Officer	$0	$0	$0
Katy Jochum	Past President	1.00	Officer	$0	$0	$0
Douglas Hunt	Director, Teacher Representative	1.00	Director	$7,022	$0	$7,022
Christine Nobbe	Director	1.00	Director	$0	$0	$0
Naresh Bansal	Director	1.00	Director	$0	$0	$0
Harvey Clark	Past Executive Director	20.00		$23,333	$0	$23,333

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	$51,376	$80,381	$67,671	$-29,005
2023	$49,095	$134,013	$90,732	$-84,918
2022	$235,138	$134,230	$185,365	$100,908
2021	$188,229	$152,986	$149,313	$35,243
2020	$176,198	$191,294	$142,954	$-15,096
2019	$178,251	$205,840	$171,295	$-27,589

Project MEGSSS Inc