Project Invent (EIN 824377729) - 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

Jax Chaudhry

Phone

5103715425

Tax Period

2024-07-01 to 2025-06-30

Project Invent, founded in 2018, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

Project Invent empowers students with the 21st-century skills to succeed individually and impact globally, through invention for social good.

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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 $939,341

Program Service Revenue $556,103

Investment Income $20,336

Other Revenue $0

TOTAL REVENUE $1,515,780

Expense Breakdown

Grants Paid $11,500

Salaries & Benefits $869,287

Fundraising Expenses $172,756

Program Expenses $937,116

Other Expenses $420,585

TOTAL EXPENSES $1,301,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,515,780	$1,136,463	+0.3%
Expenses	$1,301,372	$1,177,559	+0.1%
Net Income	$214,408	$-41,096	-6.2%

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

208

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

$168,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jax Chaudhry	Executive Dir.	40.00	Officer	$160,445	$7,662	$168,107
Mike Catterlin	Deputy Director	40.00		$133,923	$25	$133,948
Babak Mostaghimi	President	8.00	Officer Director	$0	$0	$0
Matt Gallatin	Treasurer	5.00	Officer Director	$0	$0	$0
Bill Heil	Director	2.00	Director	$0	$0	$0
Albert Lee	Director	5.00	Director	$0	$0	$0
Steven Ketchpel	Director	2.00	Director	$0	$0	$0
Orly Friedman	Director	5.00	Director	$0	$0	$0
Ali Mojibi	Director	1.00	Director	$0	$0	$0
Linda Antonopoulos	Director	1.00	Director	$0	$0	$0
Aragon Burlingham	Director	1.00	Director	$0	$0	$0
Mike Cahill	Director	1.00	Director	$0	$0	$0
Milton Rodriguez	Director	1.00	Director	$0	$0	$0
Gina Carroll	Vice President	5.00	Officer Director	$0	$0	$0
Shirley Foster	Director	1.00	Director	$0	$0	$0
Craig Carter	Director	1.00	Director	$0	$0	$0
Aaron Perez	Director	1.00	Director	$0	$0	$0
Hanna Phan	Director	5.00	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
2025	$1,515,780	$1,301,372	$835,254	$214,408
2024	$1,136,463	$1,177,559	$688,488	$-41,096
2023	$1,138,802	$1,148,984	$845,763	$-10,182
2022	$1,005,665	$848,459	$570,134	$157,206
2021	$517,099	$366,337	$402,477	$150,762
2020	$413,081	$211,614	$250,770	$201,467

Project Invent