Project Canvas

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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

Tammy Helfrich

Phone

6308629621

Tax Period

2024-01-01 to 2024-12-31

Project Canvas, founded in 2017, is a small nonprofit in the Human Services sector that reported $730K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $845K exceeded revenue, resulting in a 16% operating deficit.

Mission

accomplish their dreams. By creating this space, we draw resources, people and revitalization to downtown Aurora.

Program Service Accomplishments

Program 1

Expenses: $607,732 Revenue: $0

Project Canvas exists to provide a space for people to be able to gather and accomplish their dreams. By creating this space, we draw resources, people and revitalization to downtown Aurora. We will be a creative destination that fuels creativity, inspires its participants and provides a social setting that connects people. We serve people from Aurora and the surrounding communities, helping to bring additional revenue into the city, while also empowering people to become who theyve been created to be.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400

Program Service Revenue $653,125

Investment Income $0

Other Revenue $76,040

TOTAL REVENUE $729,565

Expense Breakdown

Grants Paid $82,400

Salaries & Benefits $216,287

Fundraising Expenses $0

Program Expenses $607,732

Other Expenses $546,783

TOTAL EXPENSES $845,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$729,565	$568,781	+0.3%
Expenses	$845,470	$738,491	+0.1%
Net Income	$-115,905	$-169,710	-0.3%

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

N/A

Employees

Volunteers

N/A

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
Scott D Hodge	President	30.00	Officer Director	$0	$0	$0
Tammy K Helrich	Treasurer	30.00	Officer Director	$0	$0	$0
Ben Thomas	Secretary	20.00	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
2024	$729,565	$845,470	$937,388	$-115,905
2023	$568,781	$738,491	$877,225	$-169,710
2022	$442,057	$605,801	$1,092,557	$-163,744
2021	$366,888	$429,210	$1,267,006	$-62,322
2020	$149,434	$290,686	$1,006,037	$-141,252
2019	$279,943	$238,458	$1,034,386	$41,485
2018	$310,495	$296,839	$583,927	$13,656