LEXINGTON, NC
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)PROJECT 58, founded in 2016, is a micro nonprofit in the Religion sector that reported $65K in total revenue in fiscal year 2020. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $466K exceeded revenue, resulting in a 618% operating deficit.
PROJECT 58 IS A CHRISTIAN NONPROFIT ORGANIZATION THAT DESIRES TO PROMTE THE GOSPEL OF JESUS CHRIST BY MINISTERING TO THE SPIRITUAL AND PHYSICAL NEEDS OF THE PEOPLE WITHIN AND AROUND NORTH CAROLINA. THE FOUNDERS OF PROJECT 58 HAVE PERSONALLY SEEN HOW GREAT THOSE NEEDS ARE, AND DESIRE TO SHOW THE LOVE OF CHRIST THORUGH MINISTERING TO THOSE NEEDS. PROJECT 58 INTENDS TO MINISTER TO THE NEEDS OF THE PEOPLE OF NORTH CAROLINA IN THE FOLLOWING AREAS BY USING THE CONTRIBUTIONS IT RECEIVES FOR THE PURPOSES OF 1. PROVIDING FOOD AND OTHER NECESSARY ITEMS, 2. PROVIDING MEDICAL SUPPLIES AND PROGRAMS, 3. PROVIDING SHELTER, 4. SUPPORTING OTHER NONPROFITS IN THEIR WORK, 5. PROVIDING COUNSELING AND EDUCATIONAL PROGRAMS, AND 6. PROMOTING CHRISTIAN EVANGELISM.
PROJECT 58 ACHIEVED ITS PURPOSES IN 2020 BY CONTRIBUTING 250,492 TO OTHER NONPROFIT ORGANIZATIONS IN 2020. THESE NONPROFIT ORGANIZATIONS INCLUDED DAVIDSON COUNTY CRISIS MINISTRY, 911 BABIES LIFE...
PROJECT 58 ACHIEVED ITS PURPOSES IN 2020 BY CONTRIBUTING 250,492 TO OTHER NONPROFIT ORGANIZATIONS IN 2020. THESE NONPROFIT ORGANIZATIONS INCLUDED DAVIDSON COUNTY CRISIS MINISTRY, 911 BABIES LIFE VILLAGE, FORSYTH JAIL PRISON MINISTRIES, GLOBAL OUTREACH, HANDS AND FEET PROJECT, HOPE CITY CHURCH MISSIONS, LOVE LIFE, MUSEUM OF THE BIBLE, NEW LIFE FAMILY OUTREACH, NATIONAL CHRISTIAN FOUNDATION, PASTORS PANTRY, SALEM PREGNANCY CARE CENTER, SEVEN HOMES INC, THE DRAGONFLY HOUSE, THE PREGNANCY NETWORK, AS WELL AS OTHER NONPROFIT ORGANIZATIONS. PROJECT 58 WILL ONLY MAKE SUCH DISTRIBUTIONS IF DOING SO WOULD FURTHER THE EXEMPT RELIGIOUS PURPOSES OF PROJECT 58 OF SHARING THE LOVE AND GRACE OF JESUS WITH OTHERS MOST SPECIFICALLY THROUGH THE PROVISION OF MEDICAL, FOOD, SHELTER, REHABILITATIVE COUNSELING AND SERVICES, AND EDUCATION FOR THOSE IN NEED.
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%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $65,009 | $820,263 | -0.9% |
| Expenses | $466,495 | $546,154 | -0.1% |
| Net Income | $-401,486 | $274,109 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROY MORGAN | PRESIDENT | 008.00 |
Officer
Director
|
$0 | $0 | $0 |
| TODD BARTLETT | SECRETARY | 001.00 |
Officer
|
$0 | $0 | $0 |
| SCOTT VAN EERDEN | TREASURER | 001.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $65,009 | $466,495 | $1,861,499 | $-401,486 |
| 2019 | $820,263 | $546,154 | $2,262,194 | $274,109 |
| 2018 | $403,610 | $477,161 | $1,985,964 | $-73,551 |
Compare PROJECT 58 with other nonprofits in North Carolina and across the country.