PROJECT 1649 INC (EIN 462161843) - 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

Bobbie Kedrowski

Phone

6083145501

Tax Period

2024-01-01 to 2024-12-31

PROJECT 1649 INC, founded in 2012, is a small nonprofit in the Youth Development sector that reported $800K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 17% operating margin.

Mission

Provide basic needs assistance, case management support and housing options to unaccompanied homeless youth so they complete their high school education and/or increase their self-sufficiency.

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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 $737,420

Program Service Revenue $0

Investment Income $2,346

Other Revenue $60,137

TOTAL REVENUE $799,903

Expense Breakdown

Grants Paid $127,121

Salaries & Benefits $393,691

Fundraising Expenses $14,074

Program Expenses $619,886

Other Expenses $143,927

TOTAL EXPENSES $664,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$799,903	$645,612	+0.2%
Expenses	$664,739	$613,644	+0.1%
Net Income	$135,164	$31,968	+3.2%

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

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
Bobbie Kedrowski	Chairperson	2	Officer Director	$0	$0	$0
Sheryl Hooker	Vice Chairperson	1.50	Officer Director	$0	$0	$0
Melanie Mussey	Treasurer	1.50	Officer Director	$0	$0	$0
Kesley McCarthy	Secretary	1.50	Officer Director	$0	$0	$0
Rachel Andres	Board Member	0.50	Officer	$0	$0	$0
Patty Haggerty	Board Member	0.50	Officer	$0	$0	$0
Regina Hendrix	Board Member	0.50	Officer	$0	$0	$0
Stephanie Knueppel	Board Member	0.50	Officer	$0	$0	$0
Chief Andre Sayles	Board Member	0.50	Officer	$0	$0	$0
Peter Ryan	Board Member	0.50	Officer	$0	$0	$0
Kristofer Whitney	Board Member	0.50	Officer	$0	$0	$0
Felicia Weigelt	Board Member	0.50	Officer	$0	$0	$0
Patrick Gasper	Board Member	0.50	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
2024	$799,903	$664,739	$546,409	$135,164
2023	$645,612	$613,644	$392,840	$31,968
2022	$579,320	$569,108	$356,565	$10,212
2021	$584,341	$576,803	$343,299	$7,538
2020	$612,503	$546,741	$342,996	$65,762

PROJECT 1649 INC