The Journey Project

EIN: 454025694 501(c)(3) Religion

Tukwila, WA

Total Revenue
$342,793
Total Expenses
$328,896
Total Assets
$78,933
Net Assets
$78,933
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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
WA
Principal Officer
Joshua Bryant
Phone
2062808886
Tax Period
2024-01-01 to 2024-12-31

The Journey Project, founded in 2011, is a small nonprofit in the Religion sector that reported $343K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $329K left a modest 4% surplus.

Mission

The Journey Project is a training organization that takes homeless individuals and provides them with housing and the skills to enter the workforce.

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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 $14,058
Program Service Revenue $328,348
Investment Income $387
Other Revenue $0
TOTAL REVENUE $342,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,630
Fundraising Expenses $4,698
Program Expenses $292,624
Other Expenses $302,266
TOTAL EXPENSES $328,896

Year-over-Year Comparison

2024 2023 Change
Revenue $342,793 $368,883 -0.1%
Expenses $328,896 $389,893 -0.2%
Net Income $13,897 $-21,010 -1.7%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
Volunteers
5

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
4
$24,616
Total Directors
4
$24,616
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeremy Magargle Executive Director to August 2024 40
Officer Director
$18,240 $1,533 $19,773
Joshua Bryant President 40
Officer Director
$2,643 $0 $2,643
Ed Fish Vice President 40
Officer Director
$1,100 $0 $1,100
Thomas Toomey Treasurer 40
Officer Director
$1,100 $0 $1,100
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 $342,793 $328,896 $78,933 $13,897
2023 $368,883 $389,893 $98,097 $-21,010
2022 $376,386 $363,413 $142,571 $12,973
2021 $315,704 $326,050 $127,525 $-10,346
2019 $230,310 $215,089 $84,799 $15,221
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