SIDE PROJECT INC (EIN 460769403) - 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

JEFFREY FROMKNECHT

Phone

8003305807

Tax Period

2022-01-01 to 2022-12-31

SIDE PROJECT INC, founded in 2012, is a small nonprofit in the Crime & Legal sector that reported $226K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $402K exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROMOTE SOCIAL JUSTICE AND SOCIAL CHANGE BY INCUBATING AND DEVELOPING GRASSROOTS PROJECTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $159,155

Program Service Revenue $65,605

Investment Income $62

Other Revenue $1,131

TOTAL REVENUE $225,953

Expense Breakdown

Grants Paid $80,517

Salaries & Benefits $43,338

Fundraising Expenses $13,845

Program Expenses $360,543

Other Expenses $278,224

TOTAL EXPENSES $402,079

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,953	$388,189	-0.4%
Expenses	$402,079	$419,468	0.0%
Net Income	$-176,126	$-31,279	+4.6%

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

$41,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM CAUSGROVE	CHAIRPERSON	15.00	Officer	$0	$0	$0
NICHOLAS KOCH	VICE CHAIR	15.00	Officer	$0	$0	$0
ARWEN LAVENGOOD DAVIS	COO	15.00	Officer	$12,101	$0	$12,101
DAVID BROWN	TREASURER/CF	15.00	Officer	$1,056	$0	$1,056
JEFFREY FROMKNECHT	CEO	40.00	Officer	$28,234	$0	$28,234
MEGHAN BOEHM	BOARD OF DIR	2.00	Director	$0	$0	$0
STEPHEN FETZNER	BOARD OF DIR	2.00	Director	$0	$0	$0
DAN FROMKNECHT	BOARD OF DIR	2.00	Director	$0	$0	$0
TIM GROW	BOARD OF DIR	2.00	Director	$0	$0	$0
EMANUEL JACKSON JR	BOARD OF DIR	2.00	Director	$0	$0	$0
NICHOLAS KOCH	BOARD OF DIR	2.00	Director	$0	$0	$0
KELSEY RIPPER	BOARD OF DIR	2.00	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
2022	$225,953	$402,079	$103,534	$-176,126
2021	$388,189	$419,468	$297,874	$-31,279
2020	$548,417	$423,492	$327,698	$124,925
2019	$305,534	$212,292	$184,633	$93,242

SIDE PROJECT INC