PROJECT ELLIS INC

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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

MICHAEL DEARING

Phone

6507148676

Tax Period

2020-01-01 to 2020-12-31

PROJECT ELLIS INC, founded in 2017, is a small nonprofit that reported $300K in total revenue in fiscal year 2020. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $339K exceeded revenue, resulting in a 13% operating deficit.

Mission

OUR MISSION IS TO PAY LEGAL BILLS REFUGEES, ASYLUM SEEKERS, DOCUMENTED AND UNDOCUMENTED INDIVIDUALS THAT SEEK TO MAKE UNITED STATES THEIR HOME. IN ADDITION, WE MAY OFFER HOUSING RELIEF GRANTS, ELDER CARE GRANTS OR EDUCATION GRANTS UNDER SPECIAL CIRCUMSTANCES.

Program Service Accomplishments

Program 1

Expenses: $139,821 Revenue: $301,206

PAY LEGAL BILLS OF PEOPLE SEEKING TO MAKE UNITED STATES THEIR HOME. THIS INCLUDES REFUGEES, ASYLUM SEEKERS, DOCUMENTED AND UNDOCUMENTED INDIVIDUALS. THE GRANT RECIPIENTS OF THIS PROGRAM HAS INCREASED SINCE 2018. IN 2018, THE NUMBER OF GRANT RECIPIENTS WAS 21. IN 2019, THE NUMBER OF GRANT RECIPIENTS INCREASED TO 79.

Program 2

Expenses: $9,580 Revenue: $301,206

PAY TUITION OF PEOPLE ENROLLED IN EDUCATION PROGRAMS AND ARE SEEKING TO MAKE UNITED STATES THEIR HOME ENROLLED. THIS INCLUDES REFUGEES, ASYLUM SEEKERS, DOCUMENTED AND UNDOCUMENTED INDIVIDUALS. THERE...

Program 3

Expenses: $151,655 Revenue: $301,206

PAY RENT AND MORTGAGE OF PEOPLE AFFECTED BY THE CORONAVIRUS PANDEMIC. THIS PROGRAM WAS STARTED IN EARLY 2020 AND WAS THE ORGANIZATION'S RESPONSE TO THE CORONAVIRUS PANDEMIC. GRANT RECIPIENTS RECEIVED BETWEEN 25% -100% RENT/MORTGAGE RELIEF FOR THE MONTHS OF MARCH, APRIL AND MAY 2020. PROGRAM WAS RAMPED DOWN ONCE THE EVICTION MORATORIA TOOK EFFECT BUT THE PROGRAM MAY RESTART IN THE FUTURE, DEPENDING ON MARKET CONDITIONS. IN 2020, THE NUMBER OF GRANT RECIPIENTS WAS 34.

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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 (2020)

Revenue Breakdown

Contributions & Grants $300,206

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $300,206

Expense Breakdown

Grants Paid $301,056

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,056

Other Expenses $38,441

TOTAL EXPENSES $339,497

Year-over-Year Comparison

	2020	2019	Change
Revenue	$300,206	$205,310	+0.5%
Expenses	$339,497	$154,914	+1.2%
Net Income	$-39,291	$50,396	-1.8%

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

N/A

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
MICHAEL DEARING	PRESEIDENT	5.00	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
2020	$300,206	$339,497	$131,105	$-39,291
2019	$205,310	$154,914	$170,397	$50,396