UNLISTED PROJECTS

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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

ZAC TRAEGER

Phone

2628806982

Tax Period

2025-01-01 to 2025-12-31

UNLISTED PROJECTS, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $168K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $46K, a strong 27% operating margin.

Mission

UNLISTED PROJECTS IS AN ARTS AND CULTURE RESIDENCY PROGRAM THAT SUPPORTS LOCAL, NATIONAL AND INTERATIONAL ARTISTS IN THEIR PRACTICE AND IN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $47,805 Revenue: $536

STUDIO SPACE, TRAVEL FEES, AND LIVING ACCOMODATIONS FOR VISITING LOCAL, NATIONAL, AND INTERNATIONAL ARTISTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $167,231

Program Service Revenue $536

Investment Income $0

Other Revenue $0

TOTAL REVENUE $167,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,297

Fundraising Expenses $16,324

Program Expenses $47,805

Other Expenses $56,459

TOTAL EXPENSES $121,756

Year-over-Year Comparison

	2025	2024	Change
Revenue	$167,767	$152,245	+0.1%
Expenses	$121,756	$54,256	+1.2%
Net Income	$46,011	$97,989	-0.5%

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

$52,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHASPARAY IRVIN	PROGRAM DIRECTOR	40.00	Officer	$52,862	$0	$52,862
ZACHARY TRAEGER	TREASURER	10.00	Officer Director	$0	$0	$0
FREE HAMZE	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL KOPER	SECRETARY	2.00	Officer Director	$0	$0	$0
LYNN OSGOOD	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MAXIM TUMENEV	TRUSTEE	2.00	Director	$0	$0	$0
JAIME CASTILLO	CO-CHAIR	2.00	Officer 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
2025	$167,767	$121,756	$207,548	$46,011
2024	$152,245	$54,256	$161,888	$97,989