SALT PROJECT INC (EIN 453305943) - 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

ELIZABETH MYER

Phone

3174452848

Tax Period

2024-01-01 to 2024-12-31

SALT PROJECT INC, founded in 2011, is a small nonprofit in the Religion sector that reported $175K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $199K exceeded revenue, resulting in a 13% operating deficit.

Mission

PRODUCE MEDIA CONTENT FOR CHURCHES, NONPROFITS, INDIVIDUALS, AND OTHER ENTITIES.

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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 $175,474

Investment Income $8

Other Revenue $0

TOTAL REVENUE $175,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,648

Fundraising Expenses $0

Program Expenses $187,132

Other Expenses $35,946

TOTAL EXPENSES $198,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,482	$188,624	-0.1%
Expenses	$198,594	$201,582	0.0%
Net Income	$-23,112	$-12,958	+0.8%

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
ELIZABETH MYER	PRESIDENT	40.00	Officer Director	$0	$0	$0
GRETCHEN SOMMERS	DIRECTOR	5.00	Director	$0	$0	$0
HOLLY MCKISSICK	DIRECTOR	5.00	Director	$0	$0	$0
MARIA SHEEHAN	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW BOULTON	CHIEF CONTENT OFFICER	30.00	Officer	$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	No data	No data	No data	No data
2024	$175,482	$198,594	$48,591	$-23,112
2023	$188,624	$201,582	$71,703	$-12,958
2022	$240,296	$243,288	$84,661	$-2,992
2021	$248,397	$233,389	$87,653	$15,008
2020	$239,880	$351,078	$73,145	$-111,198
2019	$409,236	$377,898	$184,343	$31,338
2018	$324,505	$250,175	$152,505	$74,330

SALT PROJECT INC