PROJECT LYME

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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

2015

Legal Domicile

Principal Officer

NOAH JOHNSTON

Phone

2073709313

Tax Period

2023-01-01 to 2023-12-31

PROJECT LYME, founded in 2015, is a small nonprofit in the Diseases & Disorders sector that reported $982K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 20% operating margin.

Mission

PROJECT LYME'S MISSION IS TO ERADICATE THE EPIDEMIC OF LYME DISEASE AND OTHER TICK-BORNE ILLNESSES BY SPREADING AWARENESS, PROVIDING EDUCATIONAL RESOURCES, FUNDING PEER-REVIEWED RESEARCH, AND SUPPORTING ADVOCACY FOR SOLUTIONS TO END THE SUFFERING. SINCE 2016, PROJECT LYME HAS CHALLENGED MISINFORMATION ABOUT DIAGNOSIS AND TREATMENT, ADVOCATED FOR PATIENTS' RIGHTS, AND BUILT A COMMUNITY FOR LYME PATIENTS AS WELL AS THEIR LOVED ONES.

Program Service Accomplishments

Program 1

Expenses: $274,197 Revenue: $0

EDUCATION AND AWARENESS: EDUCATION, AWARENESS, AND ADVOCACY ARE PROJECT LYME'S THREE LARGEST INITIATIVES FROM AN EMPLOYMENT AND PUBLIC ENGAGEMENT STANDPOINT. THESE FUNDS ARE SPLIT BETWEEN FUNDING THE DISTRIBUTION OF DOCUMENTARY FILM THE QUIET EPIDEMIC, CREATING SOCIAL MEDIA AND WEBSITE CONTENT FOR @PROJECTLYME AND PROJECTLYME.ORG, CREATING AND DISTRIBUTING PUBLIC SERVICE ANNOUCEMENTS, AS WELL AS SPONSORSHIP ONLINE AND IN-PERSON EDUCATIONAL SEMINARS AND ADVOCACY EVENTS. WE DISTRIBUTED $47,500 TO THE QUIET EPIDEMIC, $14,824 TO GENERATION LYME, $5,000 TO ILADS AND OTHER MINOR GRANTS TO ORGANIZATIONS WORKING IN EDUCATION AND AWARENESS.

Program 2

Expenses: $222,000 Revenue: $0

RESEARCH: PROJECT LYME DIRECTS FUNDS FOR RESEARCH THROUGH OUR PARTNER ORGANIZATION BAY AREA LYME FOUNDATION. THE MAIN FOCUS OF THIS PROGRAM IS TO INCREASE THE VIABILITY OF DIAGNOSTICS AVAILABLE TO...

RESEARCH: PROJECT LYME DIRECTS FUNDS FOR RESEARCH THROUGH OUR PARTNER ORGANIZATION BAY AREA LYME FOUNDATION. THE MAIN FOCUS OF THIS PROGRAM IS TO INCREASE THE VIABILITY OF DIAGNOSTICS AVAILABLE TO THE GENERAL PUBLIC AND THERAPEUTICS AVAILABLE FOR PATIENTS. WE DISTRIBUTED $222,000 TO BAY AREA LYME.

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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 $1,214,964

Program Service Revenue $0

Investment Income $73

Other Revenue $-232,586

TOTAL REVENUE $982,451

Expense Breakdown

Grants Paid $293,284

Salaries & Benefits $135,990

Fundraising Expenses $175,801

Program Expenses $496,197

Other Expenses $351,898

TOTAL EXPENSES $781,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$982,451	$790,982	+0.2%
Expenses	$781,172	$778,653	+0.0%
Net Income	$201,279	$12,329	+15.3%

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH JOHNSTON	EXECUTIVE DIRECTOR	40	Officer	$120,000	$0	$120,000
DAVID ROTH	EXECUTIVE COMMITTEE CHAIR	2	Officer Director	$0	$0	$0
JENNIFER WEIS	BOARD CO-CHAIR	5	Officer Director	$0	$0	$0
NAN KURZMAN	BOARD CO-CHAIR	2	Officer Director	$0	$0	$0
SCOTT MORESCO	TREASURER	5	Officer Director	$0	$0	$0
KIM DICKSTEIN	SECRETARY	5	Officer Director	$0	$0	$0
MARK WEBER	BOARD MEMBER	2	Director	$0	$0	$0
MELISSA BELL	BOARD MEMBER	10	Director	$0	$0	$0
ISABEL ROSE	BOARD MEMBER	5	Director	$0	$0	$0
ALEXANDRA MORESCO	BOARD MEMBER	10	Director	$0	$0	$0
SUSAN GOLDENBERG	BOARD MEMBER	5	Director	$0	$0	$0
NINA LEVENE	BOARD MEMBER	1	Director	$0	$0	$0
STEVE ABRAMS	BOARD MEMBER	2	Director	$0	$0	$0
BOB FORSTER	BOARD MEMBER	1	Director	$0	$0	$0
PHYLLIS BEDFORD	BOARD MEMBER	2	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	$982,451	$781,172	$1,182,606	$201,279
2022	$790,982	$778,653	$981,327	$12,329
2021	$575,104	$645,309	$968,998	$-70,205
2020	$1,541,914	$983,981	$1,039,203	$557,933
2019	$310,458	$441,002	$482,270	$-130,544
2018	$767,403	$370,284	$518,679	$397,119