PROJECT NICU

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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

2019

Principal Officer

PAM FRASCO

Phone

3302807201

Tax Period

2024-07-01 to 2025-06-30

PROJECT NICU, founded in 2019, is a small nonprofit in the Health Care sector that reported $281K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 30% operating margin.

Mission

PROJECT NICU OFFERS CONNECTION, SUPPORT AND COMMUNITY TO ALL INVOLVED IN THE NICU JOURNEY. FROM NICU CARE PACKAGES, PEER SUPPORT, GRADUATE PROGRAMMING, EVENTS AND MORE WE ARE HERE FOR EVERY STEP OF THE JOURNEY. LED BY NICU PARENTS, OUR PROGRAMS ARE DESIGNED WITH FIRST HAND EXPERIENCE WITH SUPPORT BY NICU MEDICAL PROFESSIONALS ON OUR ADVISORY BOARD TO TRULY CREATE AN ENVIRONMENT WHERE FAMILIES AND NICU TEAMS CAN FEEL SUPPORTED.

Program Service Accomplishments

Program 1

Expenses: $159,868

FROM NICU CARE PACKAGES, PEER SUPPORT, GRADUATE PROGRAMMING, EVENTS AND MORE WE ARE HERE FOR EVERY STEP OF THE JOURNEY.

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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 $139,452

Program Service Revenue $49,332

Investment Income $0

Other Revenue $92,338

TOTAL REVENUE $281,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,524

Fundraising Expenses $6,516

Program Expenses $168,437

Other Expenses $50,455

TOTAL EXPENSES $197,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,122	$168,755	+0.7%
Expenses	$197,061	$228,437	-0.1%
Net Income	$84,061	$-59,682	-2.4%

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

N/A

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
JOSH ARUNDAL	TREASURER	N/A	Officer	$0	$0	$0
JOE CICERO	SECRETARY	N/A	Officer	$0	$0	$0
STEPHEN DAVIS	EXECUTIVE BO	N/A	Officer	$0	$0	$0
NICHOLAS FRASCO	EXECUTIVE BO	N/A	Officer	$0	$0	$0
PAM FRASCO	PRESIDENT	N/A	Officer	$0	$0	$0
HEATHER LAW	VICE PRESIDE	N/A	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
2025	$281,122	$197,061	$116,084	$84,061
2024	$168,755	$228,437	$32,023	$-59,682
2023	$255,708	$290,882	$91,703	$-35,174
2023	$255,708	$290,880	$91,705	$-35,172
2022	$240,085	$159,500	$126,857	$80,585