Inneract Project Inc (EIN 464900574) - 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

2013

Legal Domicile

Phone

5102891295

Tax Period

2023-01-01 to 2023-12-31

Inneract Project Inc, founded in 2013, is a small nonprofit in the Youth Development sector that reported $616K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $774K exceeded revenue, resulting in a 26% operating deficit.

Mission

Inneract Project empowers underserved students through design education that links them to opportunities to explore design in college, career, and life.

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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 (2023)

Revenue Breakdown

Contributions & Grants $579,330

Program Service Revenue $35,000

Investment Income $1,948

Other Revenue $0

TOTAL REVENUE $616,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,446

Fundraising Expenses $111,915

Program Expenses $497,417

Other Expenses $403,307

TOTAL EXPENSES $773,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$616,278	$905,189	-0.3%
Expenses	$773,753	$626,773	+0.2%
Net Income	$-157,475	$278,416	-1.6%

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

N/A

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

$20,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maurice Woods	Executive Dir.	40.00	Officer Director	$20,000	$0	$20,000
Ada Barbie Penn	Program Manager	40.00	Director	$0	$0	$0
Chris Heimbuch	Board Member	0.00	Officer Director	$0	$0	$0
Maria Guidice	Board Member	0.00	Officer Director	$0	$0	$0
Alondra Maciel	Prog. Cordi.	40.00	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	No data	No data	No data	No data
2023	$616,278	$773,753	$836,281	$-157,475
2022	$905,189	$626,773	$1,029,337	$278,416
2021	$640,859	$460,238	$701,261	$180,621
2020	$625,258	$427,303	$527,070	$197,955
2019	$470,955	$506,511	$318,849	$-35,556
2018	$332,784	$408,081	$352,095	$-75,297

Inneract Project Inc