PROJECT CONNECTION

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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

LENNIE KNOWLTON

Phone

3854414900

Tax Period

2023-01-01 to 2023-12-31

PROJECT CONNECTION, founded in 2018, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

PROVIDE MENTAL HEALTH THERAPY AND COUNSELING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $710,601 Revenue: $1,068,098

OUTPATIENT CLINIC SERVICES - PROVIDING MENTAL HEALTH THERAPY AND COUNSELING SERVICES TO INSURED, UNINSURED AND UNDERINSURED CLIENTS. SINCE ITS INCEPTION IN 2019, THE CLINIC HAS SERVED IN EXCESS OF...

OUTPATIENT CLINIC SERVICES - PROVIDING MENTAL HEALTH THERAPY AND COUNSELING SERVICES TO INSURED, UNINSURED AND UNDERINSURED CLIENTS. SINCE ITS INCEPTION IN 2019, THE CLINIC HAS SERVED IN EXCESS OF 2900 CLIENTS. PROJECT CONNECTION IS ALSO A CONTRACTED PROVIDER WITH UTAH MEDICAID,SALT LAKE COUNTY MEDICAID, AND TOOELE COUNTY MEDICAID.

Program 2

Expenses: $573,288 Revenue: $1,121,513

SCHOOL BASED THERAPY SERVICES - PARTNERING WITH THE CANYONS & MURRAY SCHOOL DISTRICTS IN SALT LAKE COUNTY TO PROVIDE MENTAL HEALTH SERVICES IN OVER 20 ELEMENTARY, MIDDLE, AND HIGH SCHOOLS. PROJECT...

SCHOOL BASED THERAPY SERVICES - PARTNERING WITH THE CANYONS & MURRAY SCHOOL DISTRICTS IN SALT LAKE COUNTY TO PROVIDE MENTAL HEALTH SERVICES IN OVER 20 ELEMENTARY, MIDDLE, AND HIGH SCHOOLS. PROJECT CONNECTION ALSO PROVIDED SERVICES FOR A CHARTER SCHOOL IN WEST VALLEY, UT, JUAN DIEGO CATHOLIC HIGH SCHOOL IN DRAPER, UT, AND ROWLAND HALL IN SALT LAKE CITY, UT.

Program 3

Expenses: $257,465 Revenue: $391,044

YOUTH CLUB (RESPITE) - 2023 BROUGHT CONTINUED GROWTH IN PROJECT CONNECTION'S YOUTH CLUB PROGRAM (RESPITE). THIS PROGRAM SUPPORTS FAMILIES WITH CHILDREN RECEIVING SL COUNTY MEDICAID SERVICES. THE...

YOUTH CLUB (RESPITE) - 2023 BROUGHT CONTINUED GROWTH IN PROJECT CONNECTION'S YOUTH CLUB PROGRAM (RESPITE). THIS PROGRAM SUPPORTS FAMILIES WITH CHILDREN RECEIVING SL COUNTY MEDICAID SERVICES. THE RESPITE PROGRAM PROVIDES TIME TO FAMILIES/PARENTS ALLOWING THEM OPPORTUNITY FOR PRODUCTIVE OR RELIEF TIME WHILE OTHERS TAKE CHARGE OF THEIR CHILDREN ON A WEEKLY OR SEMIWEEKLY BASIS. PROJECT CONNECTION'S YOUTH CLUB LEADERS INVOLVE THEIR CLIENTS IN COMMUNITY EVENTS, ACTIVITIES THAT ARE EDUCATIONAL AND FUN THE HELP DEVELOP SOCIAL SKILLS AND EXPERIENCES AS WELL AS ENSURE THEY ARE PROPERLY FED WHILE OUT IN THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $59,973

Program Service Revenue $2,756,652

Investment Income $6,009

Other Revenue $0

TOTAL REVENUE $2,822,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,315,723

Fundraising Expenses $0

Program Expenses $1,716,430

Other Expenses $520,967

TOTAL EXPENSES $2,836,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,822,634	$2,230,944	+0.3%
Expenses	$2,836,690	$2,000,702	+0.4%
Net Income	$-14,056	$230,242	-1.1%

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

$547,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELENA LEPPARD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
WILL BOESEN	TREASURER	2.00	Director	$0	$0	$0
VIRGINIA GOWSKI	SECREATRY	2.00	Officer Director	$0	$0	$0
JIM QUIST	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSS WADE	CHIEF FINANCIAL OFFICER	40.00	Officer	$107,620	$4,925	$112,545
LENNIE KNOWLTON	EXECUTIVE DIRECTOR	40.00	Officer	$135,550	$6,298	$141,848
EMILY DIXON	CLINICAL DIRECTOR	40.00	Officer	$98,080	$3,307	$101,387
DAWN BENSON	ASSOCIATE DIRECTOR	40.00	Officer	$97,750	$4,438	$102,188
JENNIFER HOLMBERG	DEVELOPMENT DIRECTOR	40.00	Officer	$87,233	$2,131	$89,364

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	No data	No data	No data	No data
2023	$2,822,634	$2,836,690	$2,042,986	$-14,056
2022	$2,230,944	$2,000,702	$2,156,238	$230,242
2021	$1,567,025	$1,516,090	$264,859	$50,935
2020	$1,009,185	$843,583	$202,021	$165,602