PROJECT AVARY INC ALTERNATIVE VENT… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

AMBROSIA PHOUMMATHEP-WINSPEAR

Phone

4154578799

Tax Period

2023-01-01 to 2023-12-31

PROJECT AVARY INC ALTERNATIVE VENTURES FOR AT RISK YOUTH, founded in 1999, is a community nonprofit in the Crime & Legal sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 13% surplus.

Mission

PROJECT AVARY SUPPORTS CHILDREN OF INCARCERATED PARENTS TO OVERCOME THE IMPACTS OF HAVING A PARENT IN PRISON OR JAIL. WE SURROUND CHILDREN WITH A LONG-TERM COMMUNITY OF SUPPORT AND BELONGING WHERE THEY HEAL AND GROW STRONG, AND WE EMPOWER THEM WITH THE LIFE AND LEADERSHIP SKILLS TO STEP INTO BRIGHT AND SUCCESSFUL FUTURES.

Program Service Accomplishments

Program 1

Expenses: $1,867,635 Revenue: $2,180,575

PROJECT AVARY PROVIDES CHILDREN OF INCARCERATED PARENTS WITH THE SOCIAL/EMOTIONAL SUPPORT AND HEALING, LEADERSHIP DEVELOPMENT, AND JOB SKILLS TRAINING TO STRENGTHEN PARTICIPANTS' RESILIENCY AND...

PROJECT AVARY PROVIDES CHILDREN OF INCARCERATED PARENTS WITH THE SOCIAL/EMOTIONAL SUPPORT AND HEALING, LEADERSHIP DEVELOPMENT, AND JOB SKILLS TRAINING TO STRENGTHEN PARTICIPANTS' RESILIENCY AND PROTECTIVE FACTORS IN ORDER TO HELP THEM OVERCOME THE IMPACTS AND RISK FACTORS OF HAVING AN INCARCERATED PARENT. PROGRAM EVALUATIONS SHOW THAT 88-92% OF PARTICIPANTS DEMONSTRATE SUCCESS IN KEY PSYCHO-SOCIAL INDICATORS THAT CHILDREN OF INCARCERATED PARENTS NEED IN ORDER TO HAVE SUCCESS IN THEIR LIFE AND REMAIN FREE FROM THE CRIMINAL JUSTICE SYSTEM.

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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 $2,263,534

Program Service Revenue $20,986

Investment Income $91,199

Other Revenue $1,728

TOTAL REVENUE $2,377,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,594,436

Fundraising Expenses $105,174

Program Expenses $1,867,635

Other Expenses $472,720

TOTAL EXPENSES $2,067,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,377,447	$2,309,060	+0.0%
Expenses	$2,067,156	$1,655,126	+0.2%
Net Income	$310,291	$653,934	-0.5%

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

$365,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY WHELAN	EXECUTIVE DIRECTOR	40.0	Officer	$186,433	$31,767	$218,200
AMBROSIA PHOUMMATHEP-WINSPEAR	DIR OF FINANCE & OPERATIONS	40.0	Officer	$131,909	$15,637	$147,546
AMY DELEON	DIRECTOR OF FUND DEVELOPMENT	40.0	Highest	$108,660	$16,195	$124,855
KIRA GABER	TREASURER	2.0	Officer Director	$0	$0	$0
WILLIAM TERRELL	DIRECTOR	2.0	Director	$0	$0	$0
MILES EHRLICH	SECRETARY	2.0	Officer Director	$0	$0	$0
BARBARA SAUNDERS	VICE CHAIR	2.0	Officer Director	$0	$0	$0
DEBRA RADFORD	CHAIR	2.0	Officer Director	$0	$0	$0
LENA BEASLEY	DIRECTOR	2.0	Director	$0	$0	$0
ADAM GARCIA	DIRECTOR	2.0	Director	$0	$0	$0
STEVE BUNDY	DIRECTOR	2.0	Director	$0	$0	$0
KAREN BOVARNICK	DIRECTOR	2.0	Director	$0	$0	$0
VEENA BANSAL	DIRECTOR	2.0	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	$2,377,447	$2,067,156	$4,147,901	$310,291
2022	$2,309,060	$1,655,126	$3,670,759	$653,934
2021	$2,186,682	$1,307,042	$3,002,244	$879,640
2020	$1,808,148	$1,056,600	$2,121,266	$751,548
2019	$1,497,226	$1,148,297	$1,412,154	$348,929
2018	$1,147,579	$896,483	$1,066,690	$251,096

PROJECT AVARY INC ALTERNATIVE VENTURES FOR AT RISK YOUTH