PRECIOUS PROJECT INC (EIN 471281673) - 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

ELLIOT KRONSTEIN

Phone

7812590970

Tax Period

2023-01-01 to 2023-12-31

PRECIOUS PROJECT INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $570K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 80% operating deficit.

Mission

OUR MISSION IS TO NURTURE, EDUCATE AND EMPOWER IMPOVERISHED YOUTH IN TANZANIA TO BE PRODUCTIVE MEMBERS AND THE FUTURE LEADERS OF THEIR COUNTRY.

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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 $569,157

Program Service Revenue $0

Investment Income $619

Other Revenue $0

TOTAL REVENUE $569,776

Expense Breakdown

Grants Paid $743,419

Salaries & Benefits $230,906

Fundraising Expenses $155,993

Program Expenses $787,918

Other Expenses $50,619

TOTAL EXPENSES $1,024,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,776	$1,115,904	-0.5%
Expenses	$1,024,944	$862,683	+0.2%
Net Income	$-455,168	$253,221	-2.8%

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

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
GILBERT WILLIAMS	CO-FOUNDER/DIRECTOR	10.00	Director	$0	$0	$0
ELLIOT KRONSTEIN	PRESIDENT	15.00	Officer Director	$0	$0	$0
SUSANNE RHEAULT-WILLIAMS	CO-FOUNDER/DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW GARDNER	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES PHILLIPS	CHAIR	5.00	Officer Director	$0	$0	$0
JULES CLARK	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA HAZARD	DIRECTOR	5.00	Director	$0	$0	$0
JAMES LOGAN	CLERK	5.00	Officer Director	$0	$0	$0
DAVID THIEL	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$569,776	$1,024,944	$850,723	$-455,168
2022	$1,115,904	$862,683	$1,303,082	$253,221
2021	$1,212,257	$1,607,929	$1,048,612	$-395,672
2020	$1,360,577	$1,222,209	$1,445,891	$138,368
2019	$1,102,737	$678,393	$1,297,695	$424,344
2018	$802,460	$489,101	$955,736	$313,359

PRECIOUS PROJECT INC