THE MORGAN PROJECT INC

EIN: 593744749 501(c)(3)

MELBOURNE, FL

Total Revenue
$203,535
Total Expenses
$106,519
Total Assets
$308,685
Net Assets
$297,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
KRISTEN MALFARA
Phone
3215062707
Tax Period
2020-01-01 to 2020-12-31

THE MORGAN PROJECT INC, founded in 2001, is a small nonprofit that reported $204K in total revenue in fiscal year 2020. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 48% operating margin.

Mission

THE M O R G A N PROJECT IS A NATIONAL, COMMUNITY-BASED ORGANIZATION WHOSE GOAL IS TO PROMOTE AWARENESS AND FACILITATE SUPPORT OF INDIVIDUALS WITH SPECIAL HEALTH CARE NEEDS, AND TO ENHANCE THE QUALITY-OF-LIFE FOR THESE SPECIAL FAMILIES. OUR MISSION IS TO PROVIDE THE TOOLS FOR A THERAPEUTIC AND FUN EXPERIENCE TO THOSE WITH PHYSICAL AND DEVELOPMENTAL NEEDS. OUR ORGANIZATION IS NOT DISEASE-SPECIFIC AND HAS BEEN CREATED TO SUPPORT FAMILIES CARING FOR THEIR LOVED ONES WITH DISABILITIES, REGARDLESS OF THE UNDERLYING DISEASE OR DISORDER, ALL AT NO COST TO THE FAMILIES. IN ORDER TO ACHIEVE OUR MISION, THE M O R G A N PROJECT HAS IMPLEMENTED PROGRAMS WHICH OFFER BOTH ACCESS TO NECESSARY DISABILITY EQUIPMENT AND FUNDING FOR PRODUCTS AND AND SERVICES NERCESSARY TO ENHANCE THE LIVES OF MEDICALLY FRAGILE INDIVIDUALS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $43,936
Program Service Revenue $4,406
Investment Income $113,248
Other Revenue $41,945
TOTAL REVENUE $203,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,387
Fundraising Expenses $4,965
Program Expenses $65,199
Other Expenses $84,132
TOTAL EXPENSES $106,519

Year-over-Year Comparison

2020 2019 Change
Revenue $203,535 $111,715 +0.8%
Expenses $106,519 $117,755 -0.1%
Net Income $97,016 $-6,040 -17.1%
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

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Governance

Voting Members
8
Independent Members
7
Employees
4
Volunteers
25

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER FITZGERALD SECRETARY 2.00
Officer Director
$0 $0 $0
SHARON JEAVONS VICE PRESIDE 2.00
Officer Director
$0 $0 $0
KRISTEN MALFARA FOUNDER / EX 10.00
Officer Director
$0 $0 $0
BRENDA MARVIN DIRECTOR 2.00
Director
$0 $0 $0
JULIAN EDELSCHICK MD DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MOORE DIRECTOR 2.00
Director
$0 $0 $0
DARREN SCULLY PRESIDENT 2.00
Officer Director
$0 $0 $0
MASON WILLIAMS TREASURER 2.00
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
2020 $203,535 $106,519 $308,685 $97,016
2018 $86,502 $150,793 $400,781 $-64,291
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