Project41

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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

2010

Legal Domicile

Phone

5304103305

Tax Period

2025-01-01 to 2025-12-31

Project41, founded in 2010, is a small nonprofit in the Environment sector that reported $249K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Expenses of $280K exceeded revenue, resulting in a 12% operating deficit.

Mission

We are a community of ordinary people with a passion to see those who are suffering realize the hope of safe, clean water.

Program Service Accomplishments

Program 1

Expenses: $98,482 Revenue: $0

Kenya In 2025 Project41 provided ongoing maintenance and support of our safetap system to 129 schools orphanages and community centers in the informal settlements around Nairobi Kenya. Project41 also installed an additional 35 systems at 24 new schools. All together in 2025 Project41 provided clean water access to 53,053 children and families in Kenya.

Program 2

Expenses: $2,318 Revenue: $0

Uganda/ WomenFirst. Project41 continued its ongoing support of WomenFirst. An organization that provides mentoring and job skills training to women in the Jinja area of Uganda.

Program 3

Expenses: $0 Revenue: $0

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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 (2025)

Revenue Breakdown

Contributions & Grants $249,247

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $249,247

Expense Breakdown

Grants Paid $93,442

Salaries & Benefits $154,697

Fundraising Expenses $8,119

Program Expenses $100,800

Other Expenses $32,005

TOTAL EXPENSES $280,144

Year-over-Year Comparison

	2025	2024	Change
Revenue	$249,247	$273,056	-0.1%
Expenses	$280,144	$240,202	+0.2%
Net Income	$-30,897	$32,854	-1.9%

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

$118,169

Key Employees

$24,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Pierce	CEO	40.00	Director Highest	$93,600	$0	$93,600
Patty Pierce	Administrator	30.00	Key Emp	$24,000	$0	$24,000
Megan Pierce	Office Support	25.00	Director	$15,400	$0	$15,400
Nick Pierce	Program Support	25.00	Director	$9,169	$0	$9,169

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	$249,247	$280,144	$120,605	$-30,897
2024	$273,056	$240,202	$121,020	$32,854