Project Reap

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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

Phone

6465619168

Tax Period

2023-01-01 to 2023-12-31

Project Reap is a small nonprofit in the Education sector that reported $429K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

Education, career development, & promotion of networking opportunities in commercial real estate for professionals of color

Program Service Accomplishments

Program 1

Expenses: $254,226 Revenue: $113,450

Planned and executed a 10-week virtual academy for approximately 150 students/fellows throughout the US, including in-person site tours in several metropolitan markets. Published and distributed...

Planned and executed a 10-week virtual academy for approximately 150 students/fellows throughout the US, including in-person site tours in several metropolitan markets. Published and distributed several bulletins to alumni, sponsors and stakeholders. Operated a scholarship fund to support the continuing education of new students and alumni. Planned and executed networking events in Dallas, Atlanta and Los Angeles, and published an Impact Report demonstrating REAP's accomplishments, in conjunction with REAP's 25th anniversary.

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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 $315,644

Program Service Revenue $113,450

Investment Income $207

Other Revenue $0

TOTAL REVENUE $429,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,002

Fundraising Expenses $106,970

Program Expenses $254,226

Other Expenses $181,984

TOTAL EXPENSES $436,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,301	$536,741	-0.2%
Expenses	$436,986	$474,190	-0.1%
Net Income	$-7,685	$62,551	-1.1%

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

N/A

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

$159,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Manikka Bowman	Executive Dir.	40.00	Officer	$159,433	$0	$159,433
see list of unpaid	directors	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
2024	No data	No data	No data	No data
2023	$429,301	$436,986	$735,116	$-7,685
2022	$536,741	$474,190	$777,300	$62,551
2021	$488,718	$378,286	$728,604	$110,432
2020	$538,557	$332,548	$609,042	$206,009