PROJECT TF (EIN 455026246) - 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

2012

Legal Domicile

Principal Officer

MIMI FOX MELTON

Phone

4155130204

Tax Period

2023-01-01 to 2023-12-31

PROJECT TF, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 253% operating deficit.

Mission

TO BUILD AN INNOVATION ECONOMY WHERE BLACK AND LATINX PEOPLE ARE CONTRIBUTING AT ALL LEVELS IN ALL ROLES, AT A PROPORTIONAL RATE TO THEIR DEMOGRAPHICS IN THE UNITED STATES.

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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 $900,210

Program Service Revenue $108,798

Investment Income $104,143

Other Revenue $8,117

TOTAL REVENUE $1,121,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,341,794

Fundraising Expenses $444,821

Program Expenses $2,831,046

Other Expenses $1,614,367

TOTAL EXPENSES $3,956,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,121,268	$3,892,901	-0.7%
Expenses	$3,956,161	$3,012,057	+0.3%
Net Income	$-2,834,893	$880,844	-4.2%

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

200

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

$309,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC HEDLUND	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
SINOHE TERRERO	TREASURER/SECRETARY	0.50	Officer Director	$0	$0	$0
KRISTEN TITUS	BOARD MEMBER	0.50	Director	$0	$0	$0
RAS KASA WILLIAMS	BOARD MEMBER	0.50	Director	$0	$0	$0
MIMI FOX MELTON	CEO	40.00	Officer	$266,579	$42,593	$309,172
SELENE CHALA	JR. DIRECTOR OF PARTNERSHIP	40.00	Highest	$133,021	$21,082	$154,103
JOCELYN GARIBAY	GENERAL MANAGER	40.00	Highest	$196,052	$23,890	$219,942
NAVKIRAN KAUR	SENIOR PROGRAM MANAGER	40.00	Highest	$113,039	$17,303	$130,342
JUSTIN LYONS	CHIEF OF STAFF	40.00	Highest	$154,414	$22,041	$176,455
BRIONNA LOMAX	COMPANY ENGAGEMENT MANAGER	40.00	Highest	$137,099	$26,458	$163,557

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	$1,121,268	$3,956,161	$5,950,527	$-2,834,893
2022	$3,892,901	$3,012,057	$8,826,018	$880,844
2021	$5,306,075	$2,570,514	$8,319,439	$2,735,561
2020	$5,622,136	$3,297,520	$5,745,926	$2,324,616
2019	$3,089,128	$3,328,876	$3,222,946	$-239,748
2018	$3,883,386	$5,318,868	$3,499,691	$-1,435,482

PROJECT TF