PROJECT HEALTHY MINDS (EIN 823616589) - 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

ALEXANDER JILLA

Phone

7327579620

Tax Period

2024-01-01 to 2024-12-31

PROJECT HEALTHY MINDS, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 9% surplus.

Mission

NON-PROFIT FOCUSED ON CLOSING THE MENTAL HEALTH TREATMENT GAP.

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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 $4,620,999

Program Service Revenue $36,500

Investment Income $93,060

Other Revenue $-681,235

TOTAL REVENUE $4,069,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,490,505

Fundraising Expenses $642,295

Program Expenses $2,349,893

Other Expenses $2,212,883

TOTAL EXPENSES $3,703,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,069,324	$2,612,624	+0.6%
Expenses	$3,703,388	$1,458,522	+1.5%
Net Income	$365,936	$1,154,102	-0.7%

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

$458,510

Total Directors

$458,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON DWORKIN	DIRECTOR	2.00	Director	$0	$0	$0
ANDY SEKEL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN OFFUTT	DIRECTOR	2.00	Director	$0	$0	$0
DR SUKU NAGENDRAN	DIRECTOR	2.00	Director	$0	$0	$0
JACQUI CANNEY	DIRECTOR	2.00	Director	$0	$0	$0
LISA LICHT	DIRECTOR	2.00	Director	$0	$0	$0
LISA STONE PRITZKER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KASSAN	DIRECTOR	2.00	Director	$0	$0	$0
SALLY YATES	DIRECTOR	2.00	Director	$0	$0	$0
STAN GALANSKI	DIRECTOR	2.00	Director	$0	$0	$0
TERA HANKS	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP SCHERMER	PRESIDENT & CEO	40.00	Officer Director	$432,751	$25,759	$458,510
BILL KOLB	DIRECTOR	2.00	Director	$0	$0	$0
JEFF YABUKI	DIRECTOR	2.00	Director	$0	$0	$0
KALEN IRSAY JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
SUSIE SARLO	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS ZAROU	DIRECTOR	2.00	Director	$0	$0	$0
CARSON DALY	DIRECTOR	2.00	Director	$0	$0	$0
BARRY HERMAN	DIRECTOR	2.00	Director	$0	$0	$0
JODY GERSON	DIRECTOR	2.00	Director	$0	$0	$0
CASSANDRA DAWES	DIRECTOR OF EVENTS	40.00	Highest	$132,416	$8,968	$141,384
MELINE QUIGLEY	HEAD OF STRATEGY	40.00	Highest	$149,872	$25,388	$175,260
VINCENT QUINTEN RIETMEIJER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$147,923	$12,322	$160,245

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	$4,069,324	$3,703,388	$4,754,098	$365,936
2023	$2,612,624	$1,458,522	$4,272,350	$1,154,102
2022	$704,882	$372,680	$3,282,709	$332,202
2021	$2,502,634	$37,157	$3,031,304	$2,465,477
2020	$226,462	$27,726	$218,382	$198,736

PROJECT HEALTHY MINDS