Project Optimism Inc (EIN 821542836) - 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

2017

Legal Domicile

Principal Officer

Ishmael Pruitt

Phone

7077611067

Tax Period

2024-07-01 to 2025-06-30

Project Optimism Inc, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

Organization that fosters optimism through mentorship and personal services and community engagement.

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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 $1,572,758

Program Service Revenue $0

Investment Income $282

Other Revenue $0

TOTAL REVENUE $1,573,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200,962

Fundraising Expenses $0

Program Expenses $1,241,143

Other Expenses $433,392

TOTAL EXPENSES $1,634,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,573,040	$1,513,651	+0.0%
Expenses	$1,634,354	$1,127,724	+0.4%
Net Income	$-61,314	$385,927	-1.2%

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

$174,602

Total Directors

$174,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ishmael Pruitt	CEO	40.00	Officer Director	$89,800	$0	$89,800
Armoni Easley	CEO	40.00	Officer Director	$84,802	$0	$84,802
Josef Gray	Chairman	1.00	Officer Director	$0	$0	$0
Tanisha Patton	Treasurer	1.00	Officer Director	$0	$0	$0
Jade Rodgers	Secretary	1.00	Officer Director	$0	$0	$0
Sarah Toutant	Vice President	1.00	Officer Director	$0	$0	$0
Charles Reader	Director	1.00	Director	$0	$0	$0
Matthew Gray	Director	1.00	Director	$0	$0	$0
Keisha Peterson	Director	1.00	Director	$0	$0	$0
Shakira Gagnier	Director	1.00	Director	$0	$0	$0
Justin A Blakely	Director	1.00	Director	$0	$0	$0
Jason Dorsainville	Director	1.00	Director	$0	$0	$0
Dawaun Lucas	Director	1.00	Director	$0	$0	$0
Siah Wilson Gaye	Director	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
2025	$1,573,040	$1,634,354	$669,413	$-61,314
2024	$1,513,651	$1,127,724	$609,565	$385,927
2023	$346,512	$422,301	$203,560	$-75,789
2022	$764,922	$992,402	$2,321	$-227,480
2021	$645,461	$482,046	$245,966	$163,415
2020	$118,588	$92,190	$66,900	$26,398

Project Optimism Inc