THE 516 PROJECT INC (EIN 811634337) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

JAMES ROBERSON

Phone

5409406794

Tax Period

2024-01-01 to 2024-12-31

THE 516 PROJECT INC is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2021.

Mission

TO SHARE THE LOVE OF JESUS THROUGH OUR ACTIONS AND WORDS BY HELPING FAMILIES IN NEED OF HOME REPAIR. TOGETHER WITH VOLUNTEERS, CHURCHES AND BUSINESSES WE IMPACT OUR COMMUNITY TO GLORIFY GOD THROUGH SERVICE TO OTHERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $363,284

Program Service Revenue $0

Investment Income $92,880

Other Revenue $166

TOTAL REVENUE $456,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,002

Fundraising Expenses $8,956

Program Expenses $299,248

Other Expenses $248,918

TOTAL EXPENSES $444,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,330	$429,885	+0.1%
Expenses	$444,920	$590,061	-0.2%
Net Income	$11,410	$-160,176	-1.1%

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

808

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

$99,919

Total Directors

$99,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ROBERSON	PRESIDENT	40.00	Officer Director	$76,650	$0	$76,650
BRANDIE DRUMM	SECRETARY	15.00	Officer Director	$23,269	$0	$23,269
NIKKI HILL	TREASURER	1.00	Officer Director	$0	$0	$0
CARL PATES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHRIS DAVENPORT	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY ROLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT FLETCHER	BOARD MEMBER	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	$456,330	$444,920	$341,514	$11,410
2023	$429,885	$590,061	$610,632	$-160,176
2022	$805,197	$532,223	$784,901	$272,974
2021	$276,793	$272,530	$160,561	$4,263

THE 516 PROJECT INC