PROJECT CONNECTION (EIN 831948572) - 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

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.

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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

PROJECT CONNECTION