PROJECT 828 FOUNDATION (EIN 475346993) - 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

Principal Officer

KAREN BOYD

Tax Period

2023-01-01 to 2023-12-31

PROJECT 828 FOUNDATION, founded in 2014, is a small nonprofit in the Human Services sector that reported $123K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROJECT 828 FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, MORE SPECIFICALLY, TO HELP ENHANCE THE QUALITY OF LIFE OF ECONOMICALLY DISADVANTAGED PEOPLE THROUGH VARIOUS SUPPORT SERVICES. THE FOUNDATION HAS A VARIETY OF DIFFERENT PROGRAMS. ONE PROGRAM WILL COLLECT AND WAREHOUSE SLIGHTLY USED FURNISHINGS AND HOME DECOR TO BLESS ORPHANS, FOSTER CHILDREN, CHILDREN WITH CANCER AND CERTAIN OTHER FAMILIES THAT HAVE FACED ADVERSE SITUATIONS BY PROVIDING A MORE LIVABLE ATMOSPHERE. ANOTHER PROGRAM AIMS TO DEVELOP SELFLESS ATTITUDES WITHIN YOUNG ATHLETES BY OPENING THEIR EYES TO THE NEEDS OF ORPHANS IN VARIOUS PLACES OF THE WORLD AND TO CHILDREN WHO HAVE BEEN ORPHANED OR PLACED IN THE FOSTER SYSTEM WITHIN THE UNITED STATES OF AMERICA.

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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 $123,324

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $123,324

Expense Breakdown

Grants Paid $12,958

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,249

Other Expenses $144,106

TOTAL EXPENSES $157,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,324	$58,204	+1.1%
Expenses	$157,064	$62,126	+1.5%
Net Income	$-33,740	$-3,922	+7.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BOYD	PRESIDENT, D	7.00	Officer Director	$0	$0	$0
STACI EARNEST	SECRETARY/DI	1.00	Director	$0	$0	$0
SHERI HENDERSON	TREASURER	1.00	Director	$0	$0	$0
DAVID HENDERSON	DIRECTOR	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	$123,324	$157,064	$132,721	$-33,740
2022	$58,204	$62,126	$164,626	$-3,922
2021	$72,748	$85,851	$158,383	$-13,103
2020	$89,815	$55,801	$167,639	$34,014
2019	$53,272	$69,061	$105,607	$-15,789
2018	$147,300	$183,930	$128,354	$-36,630

PROJECT 828 FOUNDATION