CARDBoard Project

EIN: 814431217 501(c)(3) Employment

Plano, TX

Total Revenue
$1,423,900
Total Expenses
$549,240
Total Assets
$1,069,781
Net Assets
$984,298
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
TX
Principal Officer
Armando Cantu
Phone
2145006504
Tax Period
2023-01-01 to 2023-12-31

CARDBoard Project, founded in 2016, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 613% from the prior year, signaling strong growth momentum. The organization ran a surplus of $875K, a strong 61% operating margin.

Mission

CARDBoard Project bridges the Digital Divide targeting individuals in communities that are Digitally Disconnected. 1) We address their three digital needs: Devices, Access to the Internet, and Digital Skills. Continued on Schedule O.

Program Service Accomplishments

Program 1
Expenses: $262,576

Virtual Resource Center Services: We pivoted our outreach and intake model after COVID to be mobile, lower cost, and to use fewer on-site staff. We use a small team on-site that connects our clients...

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Virtual Resource Center Services: We pivoted our outreach and intake model after COVID to be mobile, lower cost, and to use fewer on-site staff. We use a small team on-site that connects our clients to our case managers via a video platform. Our case managers include Social Worker Interns who hail from universities across the country.This is usually our first contact with our clients where we assess their needs and identify their barriers to success. We then connect them to our vetted 10-Step Partners who provide support across several needs e.g. housing, food, clothing, transportation. Meanwhile, we provide them with a digital identity and a virtual phone number, if needed. If they are ready, we will register them for our Digital Skills Training program. Continued on Schedule O.

Program 2
Expenses: $92,300 Revenue: $47,350

Digital Skills Training: Our Program is designed for clients who have zero or close to zero computing skills. We offer the program in English and Spanish versions, depending on the audience. Over the...

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Digital Skills Training: Our Program is designed for clients who have zero or close to zero computing skills. We offer the program in English and Spanish versions, depending on the audience. Over the course of 12 hours (over 6 weeks) we introduce them to the basics of a computer, keyboarding and mousing, navigating the system and the internet through a browser, basic office suite usage (docs, spreadsheets, email, calendar, cloud drive). Then we help them to use their new skills to job search on Indeed and to create and tailor their resume. We also partner with banks to provide financial readiness training. At graduation, we bring employer partners to discuss job opportunities.Continued on Schedule O.

Program 3
Expenses: $40,078 Revenue: $8,400

Digital Device Program: Many participants in the Specialty Court of Dallas are required to take a mandated online program. The Specialty Court will identify and refer promising candidates to our...

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Digital Device Program: Many participants in the Specialty Court of Dallas are required to take a mandated online program. The Specialty Court will identify and refer promising candidates to our program where they need access. We will loan for the duration of their Divergent program a laptop, a hotspot with a data plan, and a backpack with necessary accessories, to allow them to complete it.In 2023, 101 clients were provided laptops and hotspots.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,367,002
Program Service Revenue $55,750
Investment Income $10
Other Revenue $1,138
TOTAL REVENUE $1,423,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,374
Fundraising Expenses $54,850
Program Expenses $424,663
Other Expenses $446,866
TOTAL EXPENSES $549,240

Year-over-Year Comparison

2023 2022 Change
Revenue $1,423,900 $199,773 +6.1%
Expenses $549,240 $229,046 +1.4%
Net Income $874,660 $-29,273 -30.9%
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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Governance

Voting Members
4
Independent Members
3
Employees
3
Volunteers
20

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
4
$17,522
Total Directors
4
$17,522
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Armando Cantu Executive Dir. 40.00
Officer Director
$17,522 $0 $17,522
Rod Delwo Secretary 2.00
Officer Director
$0 $0 $0
Colleen Dupont Co-Chair 2.00
Officer Director
$0 $0 $0
Cendy Jimenez Treasurer 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
2024 No data No data No data No data
2023 $1,423,900 $549,240 $1,069,781 $874,660
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