PROJECT DESTINED INC (EIN 813858986) - 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

2017

Legal Domicile

Principal Officer

CEDRIC BOBO

Phone

2022948643

Tax Period

2023-01-01 to 2023-12-31

PROJECT DESTINED INC, founded in 2017, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

PROJECT DESTINED IS 501(C)3 NOT-FOR-PROFIT CORPORATION THAT ADMINISTERS A REAL ESTATE BASEDAPPLIED YOUTH EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS FOR URBAN YOUTH. ACROSS MULTIPLE MODULES, PROJECT DESTINED SCHOLARS GAIN EXPOSURE TO ALL ASPECTS OF THE REAL ESTATE INVESTMENT LIFE CYCLE WHILE GAINING EXPOSURE TO REAL INDUSTRY PROFESSIONALS, ANALYZING REAL ESTATE OPPORTUNITIES AND HELPING TO INVEST REAL CAPITAL INTO REAL ESTATE WITHIN THEIR OWN COMMUNITIES.

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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 $2,644,189

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,644,189

Expense Breakdown

Grants Paid $2,403,916

Salaries & Benefits $0

Fundraising Expenses $3,620

Program Expenses $2,558,593

Other Expenses $183,695

TOTAL EXPENSES $2,587,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,644,189	$3,330,232	-0.2%
Expenses	$2,587,611	$3,883,667	-0.3%
Net Income	$56,578	$-553,435	-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

N/A

Volunteers

400

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CEDRIC BOBO	FOUNDER/CEO	10.00	Officer Director	$0	$0	$0
ANGELA JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
TJ EDWARDS	DIRECTOR	5.00	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	$2,644,189	$2,587,611	$291,803	$56,578
2022	$3,330,232	$3,883,667	$235,225	$-553,435
2021	$2,489,521	$1,852,277	$799,347	$637,244
2019	$744,353	$734,559	$40,049	$9,794
2018	$359,543	$515,059	$67,156	$-155,516

PROJECT DESTINED INC