The Ingenuity Project Inc (EIN 521942495) - 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

1995

Legal Domicile

Principal Officer

Lisette Morris

Phone

4106628665

Tax Period

2023-07-01 to 2024-06-30

The Ingenuity Project Inc, founded in 1995, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 63% operating deficit.

Mission

The mission of The Ingenuity Project is to prepare and launch the next diverse generation of nationally competitive STEM (Science, Technology, Engineering and Mathematics) leaders from Baltimore City Public Schools.

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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 $1,191,431

Program Service Revenue $0

Investment Income $32,088

Other Revenue $52,383

TOTAL REVENUE $1,275,902

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $1,758,369

Fundraising Expenses $171,789

Program Expenses $1,652,342

Other Expenses $301,432

TOTAL EXPENSES $2,074,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,275,902	$2,444,839	-0.5%
Expenses	$2,074,801	$1,900,958	+0.1%
Net Income	$-798,899	$543,881	-2.5%

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

103

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

$160,767

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisette Morris	Executive Dir.	40.00	Officer	$153,922	$6,845	$160,767
Kathy Bacon	Middle School Dir.	40.00		$103,873	$14,472	$118,345
Selene Willis	Deputy Dir., HS	40.00		$105,869	$6,674	$112,543
Jaime Arribas Starkey-El	Director	3.00	Director	$0	$0	$0
Maxwell Eblaghie PhD	Director	3.00	Director	$0	$0	$0
Taylor Beckham Esq	Director	3.00	Director	$0	$0	$0
Ariel Bowers	Chairman	3.00	Officer Director	$0	$0	$0
Joshua Barnes	Director	3.00	Director	$0	$0	$0
Torin Caverly	Director	3.00	Director	$0	$0	$0
Tya Kelly	Secretary	3.00	Officer Director	$0	$0	$0
Jenny Lindvall MSC PMP	Treasurer	3.00	Officer Director	$0	$0	$0
Michael Hinkey	Co-Chair	3.00	Officer Director	$0	$0	$0
Camille Blake Fall Esq	Director	3.00	Director	$0	$0	$0
Kia G Glaze	Director	3.00	Director	$0	$0	$0
Da'Kuwan Johnson	Director	3.00	Director	$0	$0	$0
Maria Sanchez PhD	Director	3.00	Director	$0	$0	$0
Ayana Martin PhD	Director	3.00	Director	$0	$0	$0
Kevin Nelson	Director	3.00	Director	$0	$0	$0
Megan Warren Esq	Director	3.00	Director	$0	$0	$0
Catherine D Patterson	Director	3.00	Director	$0	$0	$0
Angela Venza	Director	3.00	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
2025	No data	No data	No data	No data
2024	$1,275,902	$2,074,801	$1,285,508	$-798,899
2023	$2,444,839	$1,900,958	$2,111,411	$543,881
2022	$1,906,278	$1,840,354	$1,527,634	$65,924
2021	$1,946,133	$1,492,902	$1,662,658	$453,231
2020	$1,809,069	$1,479,441	$1,205,621	$329,628
2019	$1,233,039	$1,388,454	$651,180	$-155,415

The Ingenuity Project Inc