FAR AWAY PROJECTS

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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

2015

Legal Domicile

Phone

5106461590

Tax Period

2024-01-01 to 2024-12-31

FAR AWAY PROJECTS, founded in 2015, is a small nonprofit in the Human Services sector that reported $907K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE SUPPORT FOR GLOBAL SOCIAL IMPACT PROJECTS AND GRASSROOTS EFFORTS AROUND THE WORLD

Program Service Accomplishments

Program 1

Expenses: $177,047

One of Far Away Projects 3 core programming objectives was to offer support as a fiscal sponsor, with a sharpened focus on driving impact through technology and innovative solutions. We prioritized program services for projects that leverage cutting-edge technology to address critical global challenges. This included supporting initiatives aimed at removing plastic waste from mangrove ecosystems through circular economic models, deploying AI solutions to reduce bycatch in fishing operations, and developing telecommunications systems for humanitarian aid organizations operating in remote regions. Our work involved providing comprehensive support to these projects at various stages of their development, from governance advice and funding strategies to accounting and operational best practices. By fostering these pioneering projects, we are dedicated to creating sustainable, scalable solutions that address the worlds most urgent problems. Our fiscal sponsors

Program 2

Far Away Projects Capacity Building Program and Incubator empower socio-environmental initiatives aligned with the UN Sustainable Development Goals (SDGs). Our incubator model focuses on early-stage program development, governance, and comprehensive fundraising and communications strategies. For more established projects poised for sustainable growth, we facilitate access to blended finance models, U.S. government grant funding, and public-private partnerships. Additionally, we offer tools to streamline donor engagement and guide projects through grant compliance, ensuring they meet reporting and administrative requirements. This differentiation of

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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 $826,856

Program Service Revenue $71,334

Investment Income $8,466

Other Revenue $0

TOTAL REVENUE $906,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,434

Fundraising Expenses $9,408

Program Expenses $177,047

Other Expenses $1,132,539

TOTAL EXPENSES $1,270,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$906,656	$4,435,220	-0.8%
Expenses	$1,270,377	$4,366,682	-0.7%
Net Income	$-363,721	$68,538	-6.3%

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

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

$31,250

Total Directors

$93,134

Key Employees

$22,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles M Coleman	Operations Director	40.00	Director	$30,366	$3,018	$33,384
Anne Coleman	Executive Director	40.00	Officer Director	$31,250	$0	$31,250
Desiree F Tavera	President	40.00	Director	$28,138	$362	$28,500
Andrea C Stambaugh	Employee	40.00	Key Emp	$20,261	$1,802	$22,063

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	$906,656	$1,270,377	$822,718	$-363,721
2023	$4,435,220	$4,366,682	$1,316,158	$68,538
2022	$1,406,722	$2,246,738	$838,341	$-840,016
2021	$1,544,861	$3,368,283	$2,058,615	$-1,823,422
2020	$859,484	$821,429	$2,947,551	$38,055