PROJECT 66 INC (EIN 800465514) - 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

2010

Legal Domicile

Principal Officer

MICHAEL WELLER

Phone

4053411353

Tax Period

2024-01-01 to 2024-12-31

PROJECT 66 INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $520K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.3M represent 31 months of operating reserves.

Mission

PROVIDING FOOD AND CONNECTING NEIGHBORS TO RESOURCES THROUGH THE LOVE OF CHRIST

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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 (2024)

Revenue Breakdown

Contributions & Grants $455,969

Program Service Revenue $0

Investment Income $7,735

Other Revenue $55,990

TOTAL REVENUE $519,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,538

Fundraising Expenses $0

Program Expenses $535,560

Other Expenses $430,022

TOTAL EXPENSES $535,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$519,694	$553,586	-0.1%
Expenses	$535,560	$531,351	+0.0%
Net Income	$-15,866	$22,235	-1.7%

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

324

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
KIM SHIRLEY	SECRETARY	N/A	Officer	$0	$0	$0
STACEY BARTON	TREASURER	N/A	Officer	$0	$0	$0
MICHAEL WELLER	PRESIDENT	N/A	Officer	$0	$0	$0
STEVE STULCE	VICE PRESIDE	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$519,694	$535,560	$1,478,658	$-15,866
2023	$553,586	$531,351	$1,577,942	$22,235
2022	$605,152	$420,711	$1,654,519	$184,441
2021	$600,776	$358,887	$1,663,631	$241,889
2020	$684,286	$301,343	$1,488,052	$382,943
2019	$989,834	$926,667	$1,092,960	$63,167
2018	$1,024,996	$929,263	$1,096,347	$95,733

PROJECT 66 INC