GOOD PROJECTS INC (EIN 811491594) - 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

2016

Legal Domicile

Principal Officer

DARIUS BAXTER

Phone

2022623919

Tax Period

2023-01-01 to 2023-12-31

GOOD PROJECTS INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

GOODPROJECTS DESIGNS OPPORTUNITIES FOR YOUTH AND THEIR FAMILIES TO LIVE FULFILLING LIVES, FREE FROM POVERTY AND VIOLENCE WITH IMPROVEMENTS TO THEIR HEALTH AND WELLNESS.

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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 $1,603,095

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,603,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $832,171

Fundraising Expenses $182,632

Program Expenses $1,636,402

Other Expenses $1,033,245

TOTAL EXPENSES $1,865,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,603,095	$1,800,599	-0.1%
Expenses	$1,865,416	$1,411,422	+0.3%
Net Income	$-262,321	$389,177	-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

100

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

$148,135

Total Directors

$148,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darius Baxter	Executive Director	40.00	Officer Director	$148,135	$0	$148,135
Cherrelle Swain	Chairwoman	1.00	Officer Director	$0	$0	$0
Jim Schumacher	Treasurer	1.00	Officer Director	$0	$0	$0
Lauren Marcus	Director	1.00	Director	$0	$0	$0
Dr Keena Blackmon	Director	1.00	Director	$0	$0	$0
Max Snider	Director	1.00	Director	$0	$0	$0
Dr Alyssa Lovegrove	Director	1.00	Director	$0	$0	$0
Carlos Gray	Director	1.00	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	$1,603,095	$1,865,416	$574,888	$-262,321
2022	$1,800,599	$1,411,422	$701,888	$389,177
2021	$1,047,265	$937,272	$441,256	$109,993
2020	$947,229	$1,177,040	$363,921	$-229,811
2019	$1,162,464	$1,184,503	$336,748	$-22,039
2018	$1,291,551	$1,108,442	$388,490	$183,109

GOOD PROJECTS INC