PROJECT LEARN INC (EIN 464885366) - 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

2014

Legal Domicile

Principal Officer

MATTHEW COGGINS

Phone

9784559775

Tax Period

2024-01-01 to 2024-12-31

PROJECT LEARN INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 7% surplus.

Mission

PROJECT LEARN INC. PROVIDES SUPPORT TO LOWELL PUBLIC SCHOOLS IN THE FORM OF PROGRAMS AND GRANT WRITING.

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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 $1,122,328

Program Service Revenue $0

Investment Income $31,835

Other Revenue $0

TOTAL REVENUE $1,154,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,025

Fundraising Expenses $60,490

Program Expenses $870,013

Other Expenses $486,437

TOTAL EXPENSES $1,069,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,154,163	$1,036,063	+0.1%
Expenses	$1,069,462	$1,066,505	+0.0%
Net Income	$84,701	$-30,442	-3.8%

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

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

$143,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH NUNN	EXECUTIVE DI	40.00	Officer	$128,750	$14,919	$143,669
MATTHEW COGGINS	BOARD CHAIRM	2.00	Officer Director	$0	$0	$0
GARRY YIN	TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD CROCKETT	CLERK	2.00	Officer Director	$0	$0	$0
SIDDHI CHHOENG	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA FLORES	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE DE VIRES	DIRECTOR	2.00	Director	$0	$0	$0
ZOE DZINEKU	DIRECTOR	2.00	Director	$0	$0	$0
JUAN CARLOS RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN THURSTON OLIVER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HARTIGAN	DIRECTOR	2.00	Director	$0	$0	$0
DR LAUREN SUMIKO CAMPION	DIRECTOR	2.00	Director	$0	$0	$0
LEONARD RUSS	DIRECTOR	2.00	Director	$0	$0	$0
JACQUILINE BART MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE KLINKENBURG-RAMIREZ	DIRECTOR	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
2024	$1,154,163	$1,069,462	$963,711	$84,701
2023	$1,036,063	$1,066,505	$886,937	$-30,442
2022	$1,051,338	$864,316	$872,064	$187,022
2021	$734,181	$645,633	$717,279	$88,548
2020	$738,638	$522,889	$625,923	$215,749
2019	$453,120	$413,320	$372,481	$39,800
2018	$455,646	$293,201	$335,563	$162,445

PROJECT LEARN INC