PROJECT SOUTH INC (EIN 581956686) - 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

1986

Legal Domicile

Phone

4046220602

Tax Period

2023-01-01 to 2023-12-31

PROJECT SOUTH INC, founded in 1986, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 47% operating margin.

Mission

Project Souths mission is to build the foundation for successful broad-based social justice movements. Project South, Inc. works directly with communities pushed forward by conditions of poverty and racism in order to strengthen leadership for community organizing on critical frontlines of economic, racial, and social justice.

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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 $11,634,794

Program Service Revenue $100,823

Investment Income $42,237

Other Revenue $203,031

TOTAL REVENUE $11,980,885

Expense Breakdown

Grants Paid $1,815,150

Salaries & Benefits $3,204,910

Fundraising Expenses $436,066

Program Expenses $5,303,740

Other Expenses $1,346,434

TOTAL EXPENSES $6,366,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,980,885	$5,867,813	+1.0%
Expenses	$6,366,494	$12,756,270	-0.5%
Net Income	$5,614,391	$-6,888,457	-1.8%

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

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
TRUPANIA BONNER	Chairman	2.00	Officer Director	$0	$0	$0
SANTRECHEEL JULIAN GRAHAM	Treasurer	2.00	Officer Director	$0	$0	$0
SUZANNE PHARR	Secretary	2.00	Officer Director	$0	$0	$0
BRENDA HYDE	Director	1.00	Director	$0	$0	$0
EUGENE NEWPORT	Director	1.00	Director	$0	$0	$0
CARLTON TURNER	Director	1.00	Director	$0	$0	$0
CAROLYN PITTMAN	Vice Chair	2.00	Officer Director	$0	$0	$0
STEPHANIE GUILLOID	CO-DIRECTOR	50.00	Director	$0	$0	$0
EMORY WRIGHT	CO-DIRECTOR	40.00	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	$11,980,885	$6,366,494	$19,397,907	$5,614,391
2023	$10,028,511	$6,126,006	$18,925,209	$3,902,505
2022	$12,808,663	$12,670,546	$28,003,299	$138,117
2022	$5,867,813	$12,756,270	$19,343,723	$-6,888,457
2021	$28,428,472	$8,196,978	$27,866,929	$20,231,494
2020	$8,604,877	$4,476,262	$6,229,762	$4,128,615
2019	$1,102,703	$1,942,503	$2,129,531	$-839,800
2018	$3,037,085	$2,064,634	$2,735,050	$972,451

PROJECT SOUTH INC