PROJECT HOME TRUST

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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

KIM WILSON

Phone

8433438425

Tax Period

2018-10-01 to 2019-05-31

PROJECT HOME TRUST, founded in 2016, is a micro nonprofit that reported $4K in total revenue in fiscal year 2018. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $322K exceeded revenue, resulting in a 8661% operating deficit.

Mission

PROJECT H.O.M.E. IS AN INITIATIVE TO PROVIDE A SAFE, CARING, AND SUPPORTIVE ENVIRONMENT FOR HOMELESS OR DISPLACED TEENAGE BOYS IN THE NORTH CHARLESTON, SC AREA. WE WILL DO THIS BY PROVIDING A HOME AND ESTABLISHING A FAMILY ENVIRONMENT WHICH WILL INCLUDE HOUSE PARENTS, FOOD, CLOTHING, AND STRUCTURED LIVING. THE HOME WILL HOUSE UP TO 4 STUDENTS AT ANY GIVEN TIME. RESEARCH SHOWS A LARGE DROP-OUT RATE AMONG HOMELESS STUDENTS AND PROJECT H.O.M.E. ASPIRES TO PROVIDE THEM WITH MUCH NEEDED ASSISTANCE TO SEE THESE YOUNG MEN THROUGH HIGH SCHOOL GRADUATION, AND POTENTIALLY BREAK THE CYCLE OF HOMELESSNESS IN THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $322,496

OUR EXPECTED OUTCOMES ARE TO SEE A DECREASE IN DROP-OUT RATES FOR MALE STUDENTS THAT ARE DISPLACED AND PARTICIPATE IN THE PROGRAM; AN INCREASE IN ACADEMIC GRADES, INCLUDING GPA FOR PARTICIPATING...

OUR EXPECTED OUTCOMES ARE TO SEE A DECREASE IN DROP-OUT RATES FOR MALE STUDENTS THAT ARE DISPLACED AND PARTICIPATE IN THE PROGRAM; AN INCREASE IN ACADEMIC GRADES, INCLUDING GPA FOR PARTICIPATING STUDENTS; AN INCREASE IN PARTICIPANT'S SCHOOL ATTENDANCE; AND A HIGHER PERCENTAGE OF STUDENTS THAT PARTICIPATE IN THE PROGRAM PURSUING HIGHER EDUCATION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $3,681

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,681

Expense Breakdown

Grants Paid $282,775

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,496

Other Expenses $39,721

TOTAL EXPENSES $322,496

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,681	$42,584	-0.9%
Expenses	$322,496	$47,404	+5.8%
Net Income	$-318,815	$-4,820	+65.1%

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

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
KATHLEEN LOVE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BETSY WILSON	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
KIM WILSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAURA TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
JASON MORTIZ	TRUSTEE	1.00	Director	$0	$0	$0
MARLIN BURWELL	TRUSTEE	1.00	Director	$0	$0	$0
TRACY BURGESS	TRUSTEE	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
2019	$3,681	$322,496	No data	$-318,815
2018	$42,584	$47,404	$318,815	$-4,820