PROJECT TOUCH INC

EIN: 651108058 501(c)(3) Human Services

Miramar, FL

Total Revenue
$618,049
Total Expenses
$861,267
Total Assets
$354,505
Net Assets
$-171,716
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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
2005
Legal Domicile
FL
Principal Officer
Dr Sherron Parrish
Phone
9545843773
Tax Period
2024-01-01 to 2024-12-31

PROJECT TOUCH INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $618K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $861K exceeded revenue, resulting in a 39% operating deficit.

Mission

Provide safe haven for at-risk youth in the community who have been separated from their families for various reasons

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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 (2024)

Revenue Breakdown

Contributions & Grants $618,049
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $618,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,419
Fundraising Expenses $0
Program Expenses $665,017
Other Expenses $538,848
TOTAL EXPENSES $861,267

Year-over-Year Comparison

2024 2023 Change
Revenue $618,049 $1,008,358 -0.4%
Expenses $861,267 $804,099 +0.1%
Net Income $-243,218 $204,259 -2.2%
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
4
Independent Members
3
Employees
15
Volunteers
50

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
1
$63,590
Total Directors
4
$61,594
Key Employees
1
$63,590
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Sherron Parrish President 50.00
Officer Key Emp Highest
$45,200 $0 $63,590
Loritta Bishop Director 5.00
Director
$0 $0 $0
Carl Parrish Treasurer 1.00
Director
$24,667 $0 $24,667
Royanne Mitchell Director 45.00
Director
$26,180 $0 $36,927
Cherita Harvard Director 1.00
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 $618,049 $861,267 $354,505 $-243,218
2022 $420,955 $277,303 $23,776 $143,652
2020 $271,429 $334,104 $44,217 $-62,675
2019 $315,251 $346,772 $58,662 $-31,521
2018 $343,559 $347,806 $81,047 $-4,247
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