PROJECT

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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

2010

Legal Domicile

Principal Officer

PETER SEYMOUR

Phone

3054968424

Tax Period

2022-01-01 to 2022-12-31

PROJECT, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $97K exceeded revenue, resulting in a 44% operating deficit.

Mission

ARTISTIC AWARENESS THROUGH REGULAR PERFORMANCES AT THEATERS AND CONCERT HALLS, SCHOOLS AND COMMUNITIES AROUND THE COUNTRY PROMOTING CLASSICAL, JAZZ AND INSTRUMENTAL MUSIC.

Program Service Accomplishments

Program 1

Expenses: $73,655 Revenue: $67,227

WE PROVIDE MUSIC EDUCATION TO MORE THAN 50,000 KIDS IN OVER 150 SCHOOLS ACROSS THE COUNTRY. WE PARTICIPATE IN RESIDENCIES AT COLLEGES AND PERFORMING ARTS CENTERS THAT REACH ALL PARTS OF THE...

WE PROVIDE MUSIC EDUCATION TO MORE THAN 50,000 KIDS IN OVER 150 SCHOOLS ACROSS THE COUNTRY. WE PARTICIPATE IN RESIDENCIES AT COLLEGES AND PERFORMING ARTS CENTERS THAT REACH ALL PARTS OF THE COMMUNITY, FROM SCHOOLS, TO HOSPITALS AND ASSITED LIVING FACILITIES. COMMUNITY, FROM SCHOOLS, TO HOSPITALS AND ASSITED LIVING FACILITIES. EACH SUMMER, WE HOST MUSIC TEACHERS AROUND THE COUNTRY AT A TEACHERS TRAINING WORKSHOP. PLUS, WE RUN A POST-GRADUATE PROGRAM THAT FOCUSES ON PERFORMANCE, EDUCATION, AND THE ROLE OF THE 21ST CENTURY MUSICIAN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $67,227

Investment Income $3

Other Revenue $289

TOTAL REVENUE $67,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,183

Fundraising Expenses $0

Program Expenses $73,655

Other Expenses $57,235

TOTAL EXPENSES $97,418

Year-over-Year Comparison

	2022	2021	Change
Revenue	$67,519	$78,474	-0.1%
Expenses	$97,418	$113,289	-0.1%
Net Income	$-29,899	$-34,815	-0.1%

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

N/A

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

$7,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER SEYMOUR	DIRECTOR	35.00	Officer	$7,500	$0	$7,500
JONATHAN GRODE	TRUSTEE	1.00	Officer	$0	$0	$0
ALLEN ADON	TRUSTEE	1.00	Officer	$0	$0	$0
JOHN OPPEL	TRUSTEE	1.00	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
2022	$67,519	$97,418	No data	$-29,899
2021	$78,474	$113,289	No data	$-34,815
2020	$79,741	$121,265	No data	$-41,524
2019	$190,999	$199,235	No data	$-8,236
2018	$230,844	$232,889	No data	$-2,045