THE SITUATION PROJECT INC

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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

2015

Legal Domicile

Principal Officer

DAMIAN BAZADONA

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

THE SITUATION PROJECT INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 945% from the prior year, signaling strong growth momentum. Expenses of $451K left a modest 9% surplus.

Mission

PROMOTE AWARENESS AND APPRECIATION OF ARTS AND THEATRE WITH INDIVIDUALS OF SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS (INCLUDING THOSE OF LIMITED FINANCIAL MEANS)

Program Service Accomplishments

Program 1

Expenses: $446,054 Revenue: $495,272

THE OBJECTS AND PURPOSES OF THE CORPORATION SHALL BE TO WORK WITH SCHOOLS, COMMUNITY-BASED ORGANIZATIONS, LOCAL GOVERNMENTS, MUNICIPALITIES AND THE COMMUNITY AT LARGE TO PROVIDE ACCESS AND EXPOSURE TO AS WELL AS PROMOTE AWARENESS AND APPRECIAITON OF THEATRE, MUSIC, DANCE, FILM,ART, SPORTS AND /OR OTHER CULTURAL EVENTS TO STUDENTS AND INDIVIDUALS (INCLUDING THOSE OF LIMITED FINANCIAL MEANS). ADDITIONALY, IT SHALL BE TO ENHANCE AND PROMOTE THE DEVELOPMENT OF TALENT IN THEATRE, MUSIC, DANCE, FILM, ART, SPORTS AND/OR OTHER CULTURAL AREAS.

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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 $495,272

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $495,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $1,900

Program Expenses $446,054

Other Expenses $421,072

TOTAL EXPENSES $451,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,272	$47,394	+9.5%
Expenses	$451,072	$73,722	+5.1%
Net Income	$44,200	$-26,328	-2.7%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIAN BAZADONA	PRESIDENT	1.00	Director	$0	$0	$0
MARIA MARTINEZ	TREASURER	1.00	Director	$0	$0	$0
JORDAN PERSON	VICE PRESIDENT	1.00	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
2023	$495,272	$451,072	$185,259	$44,200