SHERMAN AVENUE PROJECT COMMITTEE INC (EIN 431579247) - 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

1991

Legal Domicile

Principal Officer

BRIAN SHIPMAN

Phone

4178893315

Tax Period

2024-05-01 to 2025-04-30

SHERMAN AVENUE PROJECT COMMITTEE INC, founded in 1991, is a small nonprofit that reported $234K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $307K exceeded revenue, resulting in a 31% operating deficit.

Mission

A NEIGHBORHOOD NON PROFIT TO ASSIST WITH HOUSING

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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 $0

Program Service Revenue $234,494

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $306,995

Other Expenses $306,995

TOTAL EXPENSES $306,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,494	$258,915	-0.1%
Expenses	$306,995	$254,736	+0.2%
Net Income	$-72,501	$4,179	-18.3%

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
JIM WEBB	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SHIPMAN	CHAIRMAN	10.00	Officer Director	$0	$0	$0
GWEN MARSHALL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL CLAY	SECRETARY	1.00	Officer 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	$234,494	$306,995	$1,986,685	$-72,501
2024	$258,915	$254,736	$2,034,619	$4,179
2023	$230,445	$274,829	$2,006,106	$-44,384
2022	$245,305	$257,256	$2,107,591	$-11,951
2021	$229,969	$247,425	$2,176,774	$-17,456
2020	$122,587	$169,581	$1,838,394	$-46,994
2019	$116,531	$160,154	$1,929,267	$-43,623
2018	$102,524	$137,207	$1,906,398	$-34,683

SHERMAN AVENUE PROJECT COMMITTEE INC