REACH PROJECT INC (EIN 822642732) - 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

JUSTINE WALDMAN MD

Phone

6072737000

Tax Period

2023-01-01 to 2023-12-31

REACH PROJECT INC, founded in 2017, is a community nonprofit in the Mental Health sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

THE REACH PROJECT INC IS A NONPROFIT ORGANIZATION WITH THE BELIEF THAT ALL INDIVIDUALS DESERVE RESPECTFUL, EQUITABLE, ACCESS TO COMPASSIONATE HEALTHCARE IN A SETTING WHERE THEY WILL NOT BE STIGMATIZED OR JUDGED BASED ON DRUG USE, HOMELESSNESS, OR ANY OTHER ISSUE THAT MAY CAUSE LESS THAN ADEQUATE CARE IN TODAY'S HEALTHCARE ENVIRONMENT.

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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 $2,290,552

Program Service Revenue $2,004,645

Investment Income $0

Other Revenue $15,255

TOTAL REVENUE $4,310,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,542,625

Fundraising Expenses $0

Program Expenses $4,215,854

Other Expenses $1,141,952

TOTAL EXPENSES $4,684,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,310,452	$4,483,095	0.0%
Expenses	$4,684,577	$3,917,376	+0.2%
Net Income	$-374,125	$565,719	-1.7%

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

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

$246,501

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTINE WALDMAN MD	President & CEO	39.00	Officer	$210,648	$35,853	$246,501
SAMARA TOUCHTON	PHYSICIAN	39.00		$175,374	$26,697	$202,071
JUDITH GRIFFIN	DIR. OF RESEARCH	39.00		$167,670	$18,444	$186,114
ROBIN JOHNSON	PHYSICIAN	39.00		$121,844	$3,471	$125,315
RIC ALLEN	PHYSICIAN	0.00		$113,700	$0	$113,700
MAYA APONTE-LOSS MD	MEMBER	1.00	Officer Director	$0	$0	$0
MALINDA SMITH	BOARD VICECHAIR	1.00	Officer Director	$0	$0	$0
ANDREW WASSON	Treasurer	1.00	Officer Director	$0	$0	$0
MICHAEL JAMES	MEMBER	1.00	Director	$0	$0	$0
AMANDA CISSNER	MEMBER	1.00	Director	$0	$0	$0
DEBRA NORTON	MEMBER	1.00	Director	$0	$0	$0
ALEJANDRA GARCIA	MEMBER	1.00	Director	$0	$0	$0
MEAGHAN KEENAN	MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN LAURENCE	MEMBER	1.00	Director	$0	$0	$0
BROOKS MINER	Secretary	39.00	Officer	$0	$0	$0
MAXINE PHILLIPS	BOARD CHAIR	39.00	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	No data	No data	No data	No data
2023	$4,310,452	$4,684,577	$1,085,402	$-374,125
2022	$3,643,708	$3,755,166	$208,672	$-111,458
2022	$4,483,095	$3,917,376	$1,120,600	$565,719
2021	$2,849,175	$3,492,420	$442,587	$-643,245
2021	$3,017,424	$3,215,973	$444,818	$-198,549
2020	$417,881	$496,388	$309,557	$-78,507
2019	$225,910	$390,627	$172,546	$-164,717
2018	$242,898	$175,032	$201,156	$67,866

REACH PROJECT INC