PROJECT RECOVER INC

EIN: 450512575 501(c)(3) Arts, Culture & Humanities

BEND, OR

Total Revenue
$4,165,879
Total Expenses
$2,471,341
Total Assets
$2,801,840
Net Assets
$2,705,378
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
Principal Officer
DEREK ABBEY
Phone
7608463192
Tax Period
2024-01-01 to 2024-12-31

PROJECT RECOVER INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 41% operating margin.

Mission

MISSION - Project Recover is a collaborative effort to enlist 21st-century science and technology in a quest to find and repatriate Americans missing in action since World War II, in order to provide recognition and closure for families and the Nation.VISION - Project Recovers vision is: (i) to repatriate every American service member who has not come home through research, searches, recoveries and other methodologies; (ii) to provide information and closure to the families of service members; (iii) to provide a platform to educate the public on the importance of service to ones country; and (iv) to provide unique educational opportunities in the areas of science, technology, history, leadership, public service and diplomacy to a committed student audience, in conjunction with Project Recovers mission, in order to provide a real-world application to students and further educate the public.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,093,329
Program Service Revenue $15,757
Investment Income $52,664
Other Revenue $4,129
TOTAL REVENUE $4,165,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $790,269
Fundraising Expenses $439,195
Program Expenses $1,875,606
Other Expenses $1,681,072
TOTAL EXPENSES $2,471,341

Year-over-Year Comparison

2024 2023 Change
Revenue $4,165,879 $2,773,241 +0.5%
Expenses $2,471,341 $1,951,736 +0.3%
Net Income $1,694,538 $821,505 +1.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
2
Employees
5
Volunteers
12

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
5
$396,314
Total Directors
5
$396,314
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK ABBEY CEO 40.00
Officer Director
$166,314 $125,000 $291,314
ADRIAN DE LA ROSA COO 40.00
Officer Director
$90,417 $0 $90,417
DAN O'BRIEN Secretary 10.00
Officer Director
$14,583 $0 $14,583
PAT SCANNON Director 10.00
Officer Director
$0 $0 $0
T DAN FRIEDKIN President 5.00
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
2024 $4,165,879 $2,471,341 $2,801,840 $1,694,538
2023 $2,773,241 $1,951,736 $1,095,016 $821,505
2022 $586,594 $795,627 $260,899 $-209,033
2021 $1,593,208 $1,419,880 $624,323 $173,328
2020 $103,820 $511,597 $289,812 $-407,777
2019 $3,056,398 $2,566,116 $748,633 $490,282
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