THE NANTUCKET PROJECT ACADEMY INC (EIN 821949598) - 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

DAVID RAMIREZ

Phone

3129896096

Tax Period

2024-01-01 to 2024-12-31

THE NANTUCKET PROJECT ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

TO ACCELERATE THE DISTRIBUTION AND IMPACT OF IDEAS THAT ADDRESS CHALLENGING PROBLEMS OF OUR TIME WITH A FOCUS ON HUMANITY, ALWAYS.

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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 $3,087,790

Program Service Revenue $1,633,602

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,721,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,622

Fundraising Expenses $404,447

Program Expenses $3,995,019

Other Expenses $3,757,617

TOTAL EXPENSES $4,850,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,721,392	$3,554,666	+0.3%
Expenses	$4,850,539	$3,495,344	+0.4%
Net Income	$-129,147	$59,322	-3.2%

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

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

$450,334

Total Directors

$457,852

Key Employees

$189,567

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL T HONAN	CREATIVE DIRECTOR	40.00	Key Emp	$167,115	$22,452	$189,567
AARON NEU	DIRECTOR OF PHOTOGRAPHY	40.00	Highest	$117,115	$31,560	$148,675
KATHLEEN A BROSNAN	DIRECTOR/DIRECTOR BUSINESS DEVELOPMENT	40.00	Director	$128,365	$9,653	$138,018
THOMAS SCOTT	CEO/CO-CHAIRMAN	40.00	Officer Director	$100,385	$31,949	$132,334
KEN MEHLMAN	CO-CHAIRMAN	0.00	Officer Director	$0	$0	$0
NEIL PHILLIPS	DIRECTOR/TREASURER	0.00	Officer Director	$81,250	$0	$81,250
DAVID RAMIREZ	CFO	20.00	Officer	$130,500	$0	$130,500
FRANCESCA SCHULER	DIRECTOR/SECRETARY & EXECUTIVE DIRECTOR	20.00	Officer Director	$106,250	$0	$106,250
MARGARETTA ANDREWS	FORMER TREASURER	0.00	Officer Director	$0	$0	$0
GAYLE JENNINGS O'BRYNE	FORMER PRESIDENT	0.00	Officer Director	$0	$0	$0
ALICIA MULLEN	DIRECTOR	0.00	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
2024	$4,721,392	$4,850,539	$297,698	$-129,147
2023	$3,543,666	$3,681,474	$85,385	$-137,808
2023	$3,554,666	$3,495,344	$533,051	$59,322
2022	$898,810	$1,024,334	$192,551	$-125,524
2021	$1,265,660	$1,120,397	$589,555	$145,263
2020	$920,642	$861,452	$1,713,945	$59,190
2019	$1,503,426	$1,675,798	$725,693	$-172,372
2018	$1,068,284	$840,345	$987,285	$227,939

THE NANTUCKET PROJECT ACADEMY INC