10-40 PROJECT

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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

Tax Period

2023-01-01 to 2023-12-31

10-40 PROJECT, founded in 2017, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $246K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE MISSION OF THE 10-40 PROJECT IS TO PROVIDE SUPPORT AND ASSISTANCE TO THE LESS PRIVILEGED IN NORTH WEST AFRICA. THIS INCLUDES WATER WELL DRILLING,ESTABLISHING FEEDING CENTERS, AND CHRISTAIN CHURCH PLANTINGS.

Program Service Accomplishments

Program 1

Expenses: $222,595

THE MISSION OF THE 10-40 PROJECT IS TO PROVIDE SUPPORT AND ASSISTANCE TO THE LESS PRIVILEGED IN NORTH WEST AFRICA. WATER WELL AND FEEDING CENTER AND SCHOOL BUILDINGS.

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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 $186,146

Program Service Revenue $0

Investment Income $163

Other Revenue $0

TOTAL REVENUE $186,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,595

Other Expenses $246,080

TOTAL EXPENSES $246,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,309	$217,553	-0.1%
Expenses	$246,080	$174,845	+0.4%
Net Income	$-59,771	$42,708	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHAMBLISS	MEMBER	2.00	Director	$0	$0	$0
CHRISTY NAPPER	MEMBER	2.00	Director	$0	$0	$0
JIMMY D RODGERS	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL NAPPER	PRESIDENT	10.00	Officer Director	$0	$0	$0
DUANE HOFFMAN	SECRETARY	2.00	Officer 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
2023	$186,309	$246,080	$674	$-59,771
2022	$217,553	$174,845	$60,445	$42,708
2021	$246,534	$254,730	$17,737	$-8,196