PROJECT RESTORE INC

EIN: 541771213 501(c)(3)

Locust Dale, VA

Total Revenue
$1,291,140
Total Expenses
$1,785,954
Total Assets
$3,454,786
Net Assets
$3,101,285
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
Ronald J Goss
Phone
5406724549
Tax Period
2020-01-01 to 2020-12-31

PROJECT RESTORE INC, founded in 2018, is a small nonprofit that reported $660K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $373K, a strong 56% operating margin.

Mission

Educational ministry spreading the gospel.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,207,532
Program Service Revenue $54,670
Investment Income $24,688
Other Revenue $4,250
TOTAL REVENUE $1,291,140

Expense Breakdown

Grants Paid $16,250
Salaries & Benefits $94,320
Fundraising Expenses $30,971
Program Expenses $1,681,654
Other Expenses $1,675,384
TOTAL EXPENSES $1,785,954

Year-over-Year Comparison

2020 2019 Change
Revenue $1,291,140 $738,547 +0.7%
Expenses $1,785,954 $962,368 +0.9%
Net Income $-494,814 $-223,821 +1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
1
Employees
2
Volunteers
2

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
3
$79,255
Total Directors
4
$79,255
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia T Goss secretary 40
Officer Director
$39,000 $0 $39,000
Ronald J Goss president 40
Officer Director
$39,000 $0 $39,000
Leonard G Willett treasurer 1
Officer Director
$1,255 $0 $1,255
Billy Martin director 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
2020 $1,291,140 $1,785,954 $3,454,786 $-494,814
2019 $738,547 $962,368 $3,947,937 $-223,821
2018 $660,094 $287,406 $4,171,758 $372,688
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