THE SITUATION PROJECT INC

EIN: 471763811 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$495,272
Total Expenses
$451,072
Total Assets
$185,259
Net Assets
$94,444
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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
NY
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 APPRECIAITON OF THEATRE TO STUDENTS AND INDIVIDUALS OF LIMITED FINANCIAL MEANS

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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%)

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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

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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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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