F5 PROJECT

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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

ADAM MARTIN

Phone

7014121664

Tax Period

2024-01-01 to 2024-12-31

F5 PROJECT, founded in 2016, is a community nonprofit in the Crime & Legal sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO HELP TRANSITION CITIZENS FROM CONFINEMENT TO A NEW LIFE THROUGH SERVING OFFENDERS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,877,081 Revenue: $3,091,767

F5 PROJECT IS COMMITTED TO ELIMINATING OVERDOSE, SUICIDE, AND CRIME THROUGH EMPOWERING RECOVERY, REDUCING RECIDIVISM, AND FIGHTING POVERTY. IN THE PAST YEAR, WE'VE BEEN ABLE TO SERVE INDIVIDUALS...

F5 PROJECT IS COMMITTED TO ELIMINATING OVERDOSE, SUICIDE, AND CRIME THROUGH EMPOWERING RECOVERY, REDUCING RECIDIVISM, AND FIGHTING POVERTY. IN THE PAST YEAR, WE'VE BEEN ABLE TO SERVE INDIVIDUALS TRANSITIONING FROM INCARCERATION TO COMMUNITY WHILE ALSO EXPANDING OUR SERVICES TO PROVIDE COMMUNITY-BASED SUPPORT TO INDIVIDUALS SUFFERING FROM ADDICTION AND MENTAL ILLNESS.IN 2023 THE F5 PROJECT PROGRAM ACCOMPLISHMENTS WERE - - TOTAL NUMBER OF PEOPLE HOUSED IN 2024: *112 WERE ADMITTED DURING 2024 *19 WERE ADMITTED DURING 2023 THAT DISCHARGED DURING 2024. *131 LIVED WITH US DURING 2024.- 8 LOCATIONS WITH AN OFFICE- 30,260 LIVES TRANSFORMED ACROSS THE STATE OF NORTH DAKOTA

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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 $434,585

Program Service Revenue $3,091,767

Investment Income $4,549

Other Revenue $80,358

TOTAL REVENUE $3,611,259

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $3,200,187

Fundraising Expenses $0

Program Expenses $2,877,081

Other Expenses $1,307,944

TOTAL EXPENSES $4,538,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,611,259	$4,295,650	-0.2%
Expenses	$4,538,131	$3,706,744	+0.2%
Net Income	$-926,872	$588,906	-2.6%

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

$256,223

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDI LARSON	BOARD PRESIDENT (LEFT 6/2024)	1.00	Officer Director	$0	$0	$0
KAILEY BORAAS	TREASURER	1.00	Officer Director	$0	$0	$0
JENNA MCPHERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNA MUELLER	DIRECTOR	1.50	Director	$0	$0	$0
SHAWN GAMRADT	DIRECTOR/PRESIDENT (6/2024)	1.00	Officer Director	$0	$0	$0
DAN COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CROMARTY	DIRECTOR	1.00	Director	$0	$0	$0
TRACY REAMS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$148,125	$5,223	$153,348
CAMILLE WALKIN	CFO	40.00	Officer	$102,875	$0	$102,875
SCOTT COLLEGE	CHIEF PROGRAMS OFFICER	40.00	Highest	$113,057	$10,165	$123,222

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	$3,611,259	$4,538,131	$1,062,367	$-926,872
2023	$4,295,650	$3,706,744	$983,134	$588,906
2022	$2,417,057	$2,438,616	$161,513	$-21,559
2021	$1,506,955	$1,632,333	$140,645	$-125,378
2020	$1,433,979	$1,271,143	$230,837	$162,836
2019	$830,071	$772,204	$68,001	$57,867
2018	$379,734	$402,806	$10,134	$-23,072