PROJECT ONWARD (EIN 455187731) - 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

Nancy Gomez

Phone

7739402992

Tax Period

2024-06-01 to 2025-05-31

PROJECT ONWARD, founded in 2012, is a small nonprofit in the Employment sector that reported $599K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $680K exceeded revenue, resulting in a 13% operating deficit.

Mission

To provide adult artists with disabilities the opportunity to create their work in a safe, supportive studio environment, with access to work space, materials, and professional guidance without being encumbered by cost.

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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 $377,634

Program Service Revenue $221,621

Investment Income $0

Other Revenue $0

TOTAL REVENUE $599,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,981

Fundraising Expenses $45,456

Program Expenses $528,014

Other Expenses $361,121

TOTAL EXPENSES $680,102

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,255	$542,272	+0.1%
Expenses	$680,102	$952,090	-0.3%
Net Income	$-80,847	$-409,818	-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

Volunteers

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
Katherine Getz	President	1.00	Officer Director	$0	$0	$0
Roark Frankel	Treasurer	1.00	Officer Director	$0	$0	$0
Danielle Kees	Secretary	1.00	Officer Director	$0	$0	$0
Carlos Maxwell	Vice President	1.00	Officer Director	$0	$0	$0
Matt Dalsell	Director	1.00	Director	$0	$0	$0
Virginia Dan	Director	1.00	Director	$0	$0	$0
Robert Darnall	Director	1.00	Director	$0	$0	$0
Sally Schwartz	Director	1.00	Director	$0	$0	$0
Cindy DeMarco	Director	1.00	Director	$0	$0	$0
Marsha Woodhouse	Director	1.00	Director	$0	$0	$0
Wanda Lenoir	Director	1.00	Director	$0	$0	$0
Velda Davino	Director	1.00	Director	$0	$0	$0
Jack Connelly	Director	1.00	Director	$0	$0	$0
Jan Getz	Director	1.00	Director	$0	$0	$0
Chris Cantele	Director	1.00	Director	$0	$0	$0
Tracy Frein	Director	1.00	Director	$0	$0	$0
Randy Vick	Director	1.00	Director	$0	$0	$0
Maureen McCabe	Director	1.00	Director	$0	$0	$0
Chris Newman	Director	1.00	Director	$0	$0	$0
Richard Standifer	Director	1.00	Director	$0	$0	$0
Nancy Gomez	Executive Dir.	40.00	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	$599,255	$680,102	$139,296	$-80,847
2024	$532,957	$947,751	$306,543	$-414,794
2024	$542,272	$952,090	$314,216	$-409,818
2023	$875,997	$728,523	$814,191	$147,474
2022	$602,661	$540,928	$340,817	$61,733
2021	$451,580	$430,121	$324,245	$21,459
2020	$569,120	$405,462	$287,151	$163,658
2019	$390,888	$400,460	$94,968	$-9,572

PROJECT ONWARD