Invisible Wounds Project Inc (EIN 822172782) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Russell Hanes

Phone

7634863079

Tax Period

2024-01-01 to 2024-12-31

Invisible Wounds Project Inc, founded in 2018, is a small nonprofit in the Mental Health sector that reported $859K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 33% operating margin.

Mission

Invisible Wounds Project is committed to raising awarness and providing services to Minnesotas Military, First Responders, Front Line Medical Staff, Corrections, Dispatch and their families relating to mental health PTSD and Suicide issues

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $861,300

Program Service Revenue $0

Investment Income $1,013

Other Revenue $-3,505

TOTAL REVENUE $858,808

Expense Breakdown

Grants Paid $142,405

Salaries & Benefits $162,236

Fundraising Expenses $16,037

Program Expenses $466,445

Other Expenses $270,458

TOTAL EXPENSES $577,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$858,808	$528,825	+0.6%
Expenses	$577,065	$470,919	+0.2%
Net Income	$281,743	$57,906	+3.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$96,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Hanes	Executive Director	40.00	Officer	$96,285	$0	$96,285
Aaron Bedessem	Board Member	1.00	Director	$0	$0	$0
Jessica Keeney	Vice Chair	1.00	Director	$0	$0	$0
Alex Bulmer	Treasurer	1.00	Officer	$0	$0	$0
Tom Pitzl	Secretary	1.00	Director	$0	$0	$0
Scott Rose	Board Member	1.00	Director	$0	$0	$0
Scott Haasl	Board Member	1.00	Director	$0	$0	$0
Nicole Klanderud	Board Member	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
2024	$858,808	$577,065	$421,736	$281,743
2023	$528,825	$470,919	$138,594	$57,906
2022	$526,935	$539,502	$80,855	$-12,567
2021	$225,253	$168,863	$91,739	$56,390

Invisible Wounds Project Inc