PROJECT VIDA (EIN 742481679) - 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

1991

Legal Domicile

Principal Officer

TIM DAVENPORT-HERBST

Phone

9154651191

Tax Period

2023-09-01 to 2024-08-31

PROJECT VIDA, founded in 1991, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 50% operating margin.

Mission

PROJECT VIDA IS A FAITH-BASED NON-PROFIT WORKING WITH UNDERSERVED COMMUNITIES TO IDENTIFY THEIR VISION FOR THEIR FUTURE, CHALLENGES THEY FACE, AND THEN DEVELOPING PROGRAMS WITH THEM TO ASSIST THEM IN MOVING TOWARDS THEIR VISION IN THE WIDEST POSSIBLE CONTEXT.

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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 $5,391,623

Program Service Revenue $1,621,535

Investment Income $528

Other Revenue $62,621

TOTAL REVENUE $7,076,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,961,880

Fundraising Expenses $0

Program Expenses $2,704,111

Other Expenses $1,598,820

TOTAL EXPENSES $3,560,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,076,307	$3,359,078	+1.1%
Expenses	$3,560,700	$3,227,896	+0.1%
Net Income	$3,515,607	$131,182	+25.8%

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

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

$105,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ANN BONDURANT	VICE-CHAIR / SECRETARY	2.00	Officer Director	$0	$0	$0
NEAL LOCKE	CHAIR	0.50	Officer Director	$0	$0	$0
SUSAN GUERRA	MEMBER	0.50	Director	$0	$0	$0
ARMANDO AVILA	TREASURER	0.50	Officer Director	$0	$0	$0
MARA PORTILLO	MEMBER	0.50	Director	$0	$0	$0
WILLIAM SCHLESINGER	CO-DIRECTOR (FORMER)	38.00	Officer	$0	$0	$58,011
CAROL SCHLESINGER	CO-DIRECTOR (FORMER)	38.00	Officer	$0	$0	$31,950
TIM DAVENPORT-HERBST	CHIEF EXECUTIVE OFFICER	20.00	Officer	$0	$0	$15,607

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	$7,076,307	$3,560,700	$7,009,068	$3,515,607
2023	$3,359,078	$3,227,896	$4,846,789	$131,182
2022	$3,348,894	$3,312,619	$4,148,818	$36,275
2021	$6,974,845	$6,425,692	$4,738,725	$549,153
2020	$2,990,708	$2,702,718	$3,624,188	$287,990
2019	$2,488,960	$2,319,608	$3,153,365	$169,352
2018	$2,384,850	$2,275,250	$2,981,809	$109,600

PROJECT VIDA