THE BAIL PROJECT INC (EIN 814985512) - 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

2016

Legal Domicile

Principal Officer

DAVID GASPAR

Phone

3233660799

Tax Period

2024-07-01 to 2025-06-30

THE BAIL PROJECT INC, founded in 2016, is a community nonprofit in the Crime & Legal sector that reported $6.5M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $13.9M exceeded revenue, resulting in a 115% operating deficit.

Mission

PAYS BAIL FOR PEOPLE IN NEED, REUNITING FAMILIES AND RESTORING THE PRESUMPTION OF INNOCENCE.

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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 $4,651,186

Program Service Revenue $0

Investment Income $1,778,041

Other Revenue $24,573

TOTAL REVENUE $6,453,800

Expense Breakdown

Grants Paid $509,730

Salaries & Benefits $10,160,787

Fundraising Expenses $998,979

Program Expenses $10,270,968

Other Expenses $3,202,128

TOTAL EXPENSES $13,872,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,453,800	$10,226,096	-0.4%
Expenses	$13,872,645	$14,332,906	0.0%
Net Income	$-7,418,845	$-4,106,810	+0.8%

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

105

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

$511,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E NOVOGRATZ	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH LUCKETT TO 1224	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LILI LYNTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ZACHARY HERZ-ROIPHE	TREASURER	1.00	Officer Director	$0	$0	$0
BRANDON BUSKEY	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINALD BETTS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA GERSH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH RIDDICK AS OF 525	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT SOUTHERLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN STEINBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANKLIN CRUZ	CFO & ASSISTANT SECRETARY	40.00	Officer	$204,485	$27,547	$232,032
DAVID GASPAR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$253,499	$26,437	$279,936
BRADLEY DUDDING	CHIEF IMPACT OFFICER	40.00	Highest	$225,368	$47,337	$272,705
CAMILO RAMIREZ	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$190,496	$47,016	$237,512
KAITLIN KOGA	CHIEF OPERATING OFFICER	40.00	Highest	$218,785	$18,161	$236,946
TARA WATFORD	CHIEF DATA OFFICER	40.00	Highest	$194,222	$21,298	$215,520
KATHERINE POOR	GENERAL COUNSEL/ASSISTANT SECRETARY	40.00	Highest	$198,088	$8,601	$206,689

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
2025	$6,453,800	$13,872,645	$59,234,307	$-7,418,845
2024	$10,226,096	$14,332,906	$68,529,635	$-4,106,810
2023	$14,128,946	$18,282,380	$72,620,957	$-4,153,434
2022	$18,509,125	$17,785,395	$80,433,610	$723,730
2022	$18,509,125	$17,785,395	$80,433,610	$723,730
2021	$33,652,525	$12,570,667	$81,903,405	$21,081,858
2020	$41,920,710	$9,042,321	$63,446,548	$32,878,389
2019	$14,954,074	$4,818,332	$31,776,136	$10,135,742
2018	$24,783,751	$1,330,490	$22,547,817	$23,453,261

THE BAIL PROJECT INC