THE WALLS PROJECT (EIN 455485171) - 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

CASEY PHILLIPS

Phone

2254340515

Tax Period

2024-07-01 to 2025-06-30

THE WALLS PROJECT, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $596K, a strong 19% operating margin.

Mission

THE MISSION OF THE WALLS PROJECT IS TO BREAK DOWN SOCIETAL BARRIERS THROUGH THE POWER OF ART, EDUCATION, AND COMMUNITY ENGAGEMENT. BY FOSTERING CREATIVITY, COLLABORATION, AND INCLUSIVITY, THE WALLS PROJECT REVITALIZES UNDERINVESTED COMMUNITIES, EMPOWERS INDIVIDUALS WITH DIGITAL AND WORKFORCE SKILLS, AND STRENGTHENS LOCAL ECONOMIES. THROUGH PUBLIC ART, CREATIVE PLACEMAKING, WORKFORCE TRAINING, AND URBAN AGRICULTURE INITIATIVES, WE INSPIRE ACTION AND CREATE EQUITABLE OPPORTUNITIES FOR ALL, ENSURING THAT COMMUNITIES THRIVE TOGETHER.

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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 $2,538,966

Program Service Revenue $591,551

Investment Income $-226

Other Revenue $0

TOTAL REVENUE $3,130,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,035,381

Fundraising Expenses $96,008

Program Expenses $2,248,784

Other Expenses $1,499,269

TOTAL EXPENSES $2,534,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,130,291	$1,597,815	+1.0%
Expenses	$2,534,650	$1,773,637	+0.4%
Net Income	$595,641	$-175,822	-4.4%

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

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

$112,500

Total Directors

$112,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY PHILLIPS	EXECUTIVE DI	40.00	Officer Director	$112,500	$0	$112,500
REX CABANISS	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
KENDRA HENDRICKS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JAN MOLLER	SECRETARY	5.00	Officer Director	$0	$0	$0
MATT ZAGOTTI	TREASURER	5.00	Officer Director	$0	$0	$0
WILLIAM ASSAF	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
CARL MOTSENBOCKER	DIRECTOR	5.00	Director	$0	$0	$0
BUKKY AWOYEMI	DIRECTOR	5.00	Director	$0	$0	$0
TAYANNA TEEL OSORIO	DIRECTOR	5.00	Director	$0	$0	$0
DR JARED LLORENS	DIRECTOR	5.00	Director	$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	$3,130,291	$2,534,650	$965,661	$595,641
2024	$1,597,815	$1,773,637	$277,191	$-175,822
2023	$1,566,293	$1,621,680	$403,139	$-55,387
2022	$1,770,639	$1,843,929	$407,630	$-73,290
2021	$927,428	$921,319	$421,231	$6,109
2019	$468,261	$467,746	$99,241	$515
2018	$303,757	$383,224	$79,467	$-79,467

THE WALLS PROJECT