THE HONEYCOMB PROJECT INC NFP (EIN 452508463) - 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

2011

Legal Domicile

Principal Officer

MEAGAN NEWMAN

Phone

7737507120

Tax Period

2023-01-01 to 2023-12-31

THE HONEYCOMB PROJECT INC NFP, founded in 2011, is a small nonprofit in the Human Services sector that reported $294K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $606K exceeded revenue, resulting in a 106% operating deficit.

Mission

THE HONEYCOMB PROJECT ENGAGES, MOBILIZES, AND INSPIRES KIDS AND THEIR FAMILIES TO BUILD STRONG AND CONNECTED COMMUNITIES ACROSS CHICAGO. THROUGH A RANGE OF PROGRAMS, RESOURCES, AND STRATEGIC PARTNERSHIPS, WE PUT KIDS AT THE FOREFRONT OF SOCIAL CHANGE.

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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 $317,008

Program Service Revenue $0

Investment Income $142

Other Revenue $-23,390

TOTAL REVENUE $293,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,961

Fundraising Expenses $165,614

Program Expenses $391,621

Other Expenses $213,040

TOTAL EXPENSES $606,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,760	$331,983	-0.1%
Expenses	$606,001	$564,104	+0.1%
Net Income	$-312,241	$-232,121	+0.3%

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

Volunteers

5600

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

$107,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEAGAN NEWMAN	PRESIDENT	12.00	Officer Director	$0	$0	$0
JENNIFER PAIK CHUNG	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
SABERA CHOUDHURY	SECRETARY	10.00	Officer Director	$0	$0	$0
CATHERINE TANNEN	TREASURER	10.00	Officer Director	$0	$0	$0
PARIS BYRD	MEMBER	10.00	Director	$0	$0	$0
CARLOS GARCIA	MEMBER	12.00	Director	$0	$0	$0
KATHRYN KONRAD	MEMBER	10.00	Director	$0	$0	$0
GABRIELLE MARTINEZ	MEMBER	10.00	Director	$0	$0	$0
JEFFREY SORENSEN	MEMBER	10.00	Director	$0	$0	$0
KRISTINA LOWENSTEIN	MEMBER & EXECUTIVE DIRECTO	40.00	Director	$107,695	$0	$107,695

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	$293,760	$606,001	$574,362	$-312,241
2022	$331,983	$564,104	$930,010	$-232,121
2021	$317,073	$393,077	$1,098,682	$-76,004
2020	$1,126,677	$374,823	$1,154,680	$751,854
2019	$320,676	$412,337	$395,835	$-91,661
2018	$293,007	$311,009	$488,416	$-18,002

THE HONEYCOMB PROJECT INC NFP