PROJECT ADVANTAGE (EIN 822229010) - 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

2021

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

PROJECT ADVANTAGE, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 25% operating margin.

Mission

Project Advantage is the 501(c)(3) non-profit that owns and operates the sportsplex for the benefit of the community.

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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 $269,318

Program Service Revenue $630,043

Investment Income $206

Other Revenue $204,728

TOTAL REVENUE $1,104,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,091

Fundraising Expenses $2,524

Program Expenses $796,176

Other Expenses $596,974

TOTAL EXPENSES $826,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,104,295	$838,382	+0.3%
Expenses	$826,065	$709,909	+0.2%
Net Income	$278,230	$128,473	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Mikulenas	Director	20.00	Director	$0	$0	$0
Chad Hohendorf	Director	2.00	Director	$0	$0	$0
Michelle Hall	N/A	2.00	Director	$0	$0	$0
Ryan Montgomery	President	1.00	Officer	$0	$0	$0
Jamie Moore	Treasurer	2.00	Officer	$0	$0	$0
Peter MacGregor	Secretary	1.00	Officer	$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	$1,104,295	$826,065	$2,241,769	$278,230
2023	$838,382	$709,909	$2,317,731	$128,473
2022	$406,178	$260,264	$2,311,954	$145,914

PROJECT ADVANTAGE