THE WELMAN PROJECT (EIN 811116926) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Taylor Willis

Phone

8179244000

Tax Period

2023-01-01 to 2023-12-31

THE WELMAN PROJECT, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $439K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $511K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Welman Project exists to uplift the community at the intersection of imagination, education, and the environment. We provide free supplies and support to teachers through creative reuse of business waste.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,604

Program Service Revenue $170,962

Investment Income $0

Other Revenue $2,503

TOTAL REVENUE $439,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,220

Fundraising Expenses $25,467

Program Expenses $465,125

Other Expenses $88,364

TOTAL EXPENSES $510,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,069	$474,551	-0.1%
Expenses	$510,584	$407,140	+0.3%
Net Income	$-71,515	$67,411	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

701

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
Tracy Cliburn	President	2	Officer Director	$0	$0	$0
Randall Ford	Vice President	1.00	Officer Director	$0	$0	$0
Karen Fraser	Director	1	Director	$0	$0	$0
Cornell Hall	Treasurer	1	Officer Director	$0	$0	$0
Nicole Masole	Director	1	Director	$0	$0	$0
Ernesto Moran	Director	1	Director	$0	$0	$0
Jassmine Posada	Secretary	1	Officer Director	$0	$0	$0
Misty Smethers	Director	1	Director	$0	$0	$0
Randi Wheeler	Director	1	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	$439,069	$510,584	$174,093	$-71,515
2022	$474,551	$407,140	$233,510	$67,411
2021	$380,822	$326,787	$148,190	$54,035

THE WELMAN PROJECT