Pimentel Project Inc (EIN 562011074) - 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

1997

Legal Domicile

Principal Officer

Patsy Ritter

Phone

3364479217

Tax Period

2024-01-01 to 2024-12-31

Pimentel Project Inc, founded in 1997, is a small nonprofit in the International Affairs sector that reported $137K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 14% operating deficit.

Mission

Support for the operation of a school located in Pimentel, Dominican Republic, pastors in Pimentel, Dominican Republic, and pastors in Kenya and Nigeria

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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 $137,131

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $137,133

Expense Breakdown

Grants Paid $125,765

Salaries & Benefits $17,220

Fundraising Expenses $0

Program Expenses $125,765

Other Expenses $13,705

TOTAL EXPENSES $156,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,133	$203,239	-0.3%
Expenses	$156,690	$187,635	-0.2%
Net Income	$-19,557	$15,604	-2.3%

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

$15,996

Total Directors

$15,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Ritter	Executive Secretary	030.00	Officer Director Highest	$15,996	$0	$15,996
J W Brown	Director	001.00	Director	$0	$0	$0
Jeannie Brown	Director	001.00	Director	$0	$0	$0
Robert Boyd Jr	Director	001.00	Director	$0	$0	$0
J Bruce Ritter Jr	Chairman	001.00	Officer 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	$137,133	$156,690	$13,273	$-19,557
2023	$203,239	$187,635	$32,842	$15,604

Pimentel Project Inc