THE REDEMPTION PROJECT (EIN 823857659) - 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

2018

Legal Domicile

Principal Officer

DWIGHT TOSTENSON

Phone

6512569696

Tax Period

2024-01-01 to 2024-12-31

THE REDEMPTION PROJECT, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 15% operating margin.

Mission

ELIMINATING RECIDIVISM THROUGH EDUCATION, MENTORING, SUPPORT, AND EMPLOYMENT. PROVIDE INMATES WITH A 14-WEEK CLASS, CONNECTION TO A MENTOR, SUPPORT SERVICES, AND JOB OPPORTUNITIES UPON RELEASE.

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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 $1,271,330

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1,271,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $682,758

Fundraising Expenses $29,616

Program Expenses $874,116

Other Expenses $391,777

TOTAL EXPENSES $1,079,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,271,331	$547,879	+1.3%
Expenses	$1,079,035	$630,719	+0.7%
Net Income	$192,296	$-82,840	-3.3%

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

$124,808

Total Directors

$124,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT TOSTENSON	PRESIDENT	40.00	Officer Director	$124,808	$0	$124,808
CHELSEY BERSTLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB ELFSTRAND	DIRECTOR	1.00	Director	$0	$0	$0
MARK LARSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM OWENS	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
MITCH PEARLSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON ROONEY	DIRECTOR	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	$1,271,331	$1,079,035	$406,628	$192,296
2023	$547,879	$630,719	$214,061	$-82,840
2022	$535,240	$487,405	$188,974	$47,835
2021	$215,175	$347,480	$44,827	$-132,305

THE REDEMPTION PROJECT