WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROJECT NEW START INC, founded in 2014, is a small nonprofit in the Crime & Legal sector that reported $692K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 21% operating margin.
THE MISSION OF PROJECT NEW START IS TO COMBAT VIOLENCE AND REDUCE RECIDIVISM BY CREATING PROGRAMS AND PARTNERSHIPS THAT ASSIST INDIVIDUALS IN TRANSITION TO REGAIN THEIR DIGNITY AND CONTRIBUTE POSITIVELY TO THEIR FAMILIES, EMPLOYMENT AND COMMUNITIES.
Project New Start Start provides services for justice-involved individuals transitioning from incarceration back to their families, communitiies and employment. The New Start program is a 10-week...
Project New Start Start provides services for justice-involved individuals transitioning from incarceration back to their families, communitiies and employment. The New Start program is a 10-week initiative that provides 325 hours of classroom instruction Monday through Friday 8:30 am - 3:00 pm followed by individual job search assistance. Intensive case management is provided from enrollment forward for as long as an indvidual needs support. During 2024, Project New Start assisted 454 justice-involved individuals through in-person and remote programming. Remote evidence-based goal setting programming was provided for 60 individuals in work release centers; financial literacy education was provided for 361 individuals; and 33 individuals participated in the New Start Reentry program. Also during 2024,Project New Start received a $75,000 grant from Christianacare to address housing and food insecurity.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $692,407 | $534,702 | +0.3% |
| Expenses | $544,707 | $499,221 | +0.1% |
| Net Income | $147,700 | $35,481 | +3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PRISCILLA TURGON | EXECUTIVE DIRECTOR | 40.0 |
Officer
Director
|
$103,809 | $126 | $103,935 |
| JOE FLANAGAN | Board chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA BYRD | BOARD SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Alisha Adams | BOARD MEMBER (EFF 04/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JOELLEN EDWARDS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Wendy Hughes-Johnson | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Becca Johnson | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| William Jones | BOARD MEMBER (TILL 06/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregg Somerville | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $692,407 | $544,707 | $295,232 | $147,700 |
| 2023 | $534,702 | $499,221 | $147,532 | $35,481 |
| 2022 | $459,398 | $454,313 | $112,051 | $5,085 |
| 2021 | $284,478 | $335,140 | $102,780 | $-50,662 |
| 2020 | $347,058 | $302,669 | $153,442 | $44,389 |
| 2019 | $325,748 | $266,794 | $109,053 | $58,954 |
| 2018 | $263,811 | $236,406 | $50,099 | $27,405 |
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