Project Charley (EIN 824553134) - 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

Lyall Sinclair

Phone

2144766554

Tax Period

2019-01-01 to 2019-12-31

Project Charley, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $81K in total revenue in fiscal year 2019. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 21% operating deficit.

Mission

Project Charley was founded to acquire specialized medical equipment to be used in the treatment and rehabilitation of individuals who have suffered neurological injury.

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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 (2019)

Revenue Breakdown

Contributions & Grants $80,646

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,646

Expense Breakdown

Grants Paid $1,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,667

Other Expenses $96,919

TOTAL EXPENSES $97,969

Year-over-Year Comparison

	2019	2018	Change
Revenue	$80,646	$618,089	-0.9%
Expenses	$97,969	$99,884	0.0%
Net Income	$-17,323	$518,205	-1.0%

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

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
Lyall Sinclair	President	5.00	Officer Director	$0	$0	$0
Shannon Sinclair	Vice President	5.00	Officer Director	$0	$0	$0
Clinton Smith	Sec/Treasurer	5.00	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
2019	$80,646	$97,969	$507,382	$-17,323
2018	$618,089	$99,884	$530,705	$518,205

Project Charley