PROJECT 58 INC

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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

2004

Legal Domicile

Principal Officer

Joe Quinlin

Phone

4058420628

Tax Period

2024-07-01 to 2025-06-30

Mission

The purpose of the ministry is to teach, train-up, and equip individuals to send out teams to the people of the world to plant churches that will in turn send others to plant churches.

Program Service Accomplishments

Program 1

Expenses: $46,069

The purpose of the ministry is to teach, train-up, and equip individuals to send out teams to the people of the world to plant churches that will in turn send others to plant churches.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $44,971

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,069

Other Expenses $1,098

TOTAL EXPENSES $46,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$46,069	$7,099	+5.5%
Net Income	N/A	$-7,099	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Ulrich	Secretary	025.00	Officer	$0	$0	$0
Joe Quinlan	President	015.00	Officer	$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	$46,069	No data	No data
2024	No data	No data	No data	No data
2023	$68,458	$68,266	$54,448	$192
2022	$82,206	$83,836	$54,258	$-1,630
2021	$69,328	$76,151	$55,532	$-6,823
2020	$96,799	$99,700	$62,162	$-2,901
2019	$98,766	$101,211	$73,330	$-2,445
2018	$98,277	$110,317	$66,775	$-12,040