PROJECT VERITAS ACTION FUND (EIN 471809663) - 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

HANNAH GILES

Phone

9149082300

Tax Period

2021-09-01 to 2022-08-31

PROJECT VERITAS ACTION FUND, founded in 2014, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2021. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $879K, a strong 47% operating margin.

Mission

TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY CONDUCTING INVESTIGATIONS INTO WASTE, FRAUD, CORRUPTION, DISHONESTY, SELF-DEALING AND OTHER MISCONDUCT FOR THE PURPOSE OF EDUCATING THE PUBLIC, STAKEHOLDERS, POLICYMAKERS, AND COMMUNITY LEADERS IN ORDER TO CREATE A MORE ETHICAL AND TRANSPARENT SOCIETY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,029,309

Program Service Revenue $0

Investment Income $-140,940

Other Revenue $0

TOTAL REVENUE $1,888,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $81,000

Program Expenses $327,750

Other Expenses $928,313

TOTAL EXPENSES $1,009,313

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,888,369	$2,070,101	-0.1%
Expenses	$1,009,313	$2,035,283	-0.5%
Net Income	$879,056	$34,818	+24.2%

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

N/A

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

$664,680

Total Directors

$405,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES O'KEEFE III	PRESIDENT	11.00	Officer Director	$0	$8,625	$405,034
GEORGE SKAKEL	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH BARTON	DIRECTOR	5.00	Director	$0	$0	$0
STEVE ALEMBIK	DIRECTOR	5.00	Director	$0	$0	$0
TOM O'HARA	CFO	1.00	Officer	$0	$0	$259,646

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
2022	$1,888,369	$1,009,313	$2,905,223	$879,056
2021	$2,070,101	$2,035,283	$2,168,161	$34,818
2020	$2,120,018	$1,830,091	$2,778,529	$289,927
2019	$3,422,284	$2,755,061	$2,125,739	$667,223
2018	$1,616,695	$1,434,462	$523,407	$182,233

PROJECT VERITAS ACTION FUND