PROJECT NEW START INC (EIN 472300080) - 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

PRISCILLA TURGON

Phone

3024782804

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

THE MISSION OF PROJECT NEW START IS TO COMBAT VIOLENCE AND REDUCE RECIDIVISM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $691,132

Program Service Revenue $0

Investment Income $0

Other Revenue $1,275

TOTAL REVENUE $692,407

Expense Breakdown

Grants Paid $500

Salaries & Benefits $324,665

Fundraising Expenses $16,471

Program Expenses $466,764

Other Expenses $218,454

TOTAL EXPENSES $544,707

Year-over-Year Comparison

	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%

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

$103,935

Total Directors

$103,935

Key Employees

Highest Compensated

reported

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

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
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

PROJECT NEW START INC