THE MAHOGANY PROJECT (EIN 821799016) - 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

VERNISS MCFARLAND

Phone

8322758871

Tax Period

2023-01-01 to 2023-12-31

THE MAHOGANY PROJECT, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $491K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $144K, a strong 29% operating margin.

Mission

THE MISSION OF THE MAHOGANY PROJECT IS TO CREATE AND PROVIDE SAFE SOCIAL SPACES FOR/BY TRANSGENDER AND NONBINARY PEOPLE IN HOUSTON, TX.

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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 (2023)

Revenue Breakdown

Contributions & Grants $471,088

Program Service Revenue $17,522

Investment Income $0

Other Revenue $2,590

TOTAL REVENUE $491,200

Expense Breakdown

Grants Paid $176,396

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,717

Other Expenses $171,251

TOTAL EXPENSES $347,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,200	$622,408	-0.2%
Expenses	$347,647	$243,500	+0.4%
Net Income	$143,553	$378,908	-0.6%

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

Total Directors

$92,518

Key Employees

$46,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATLANTIS NARCISSE	PRESIDENT	1.00	Officer	$0	$0	$0
CRYSTAL TOWNSEND	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
DARREN DYRELL	SECRETARY	1.00	Officer	$0	$0	$0
MARNINA MILLER	MEMBER	1.00	Director	$0	$0	$0
JOELL ESTUTE	MEMBER	1.00	Director	$0	$0	$0
MURICE MAY	MEMBER	1.00	Director	$0	$0	$0
VERNISS MCFARLAND	DIRECTOR	40.00	Director	$92,518	$0	$92,518
NASIA M CROSBY	PROGRAM MANAGER	36.00	Key Emp	$46,910	$0	$46,910

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	$491,200	$347,647	$377,365	$143,553
2022	$622,408	$243,500	$436,525	$378,908

THE MAHOGANY PROJECT