HOURGLASS PROJECT DBA REACH (EIN 832082676) - 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

MELISSA JAMES

Phone

8778295500

Tax Period

2023-07-01 to 2024-06-30

HOURGLASS PROJECT DBA REACH, founded in 2018, is a community nonprofit in the Employment sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO INCREASE ECONOMIC OPPORTUNITY THROUGH BIG THINKING, BOLD ACTION, AND REGIONAL COLLABORATION.

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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 $2,500,272

Program Service Revenue $0

Investment Income $20,632

Other Revenue $0

TOTAL REVENUE $2,520,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $902,201

Fundraising Expenses $176,155

Program Expenses $2,026,200

Other Expenses $1,508,866

TOTAL EXPENSES $2,451,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,520,904	$1,715,171	+0.5%
Expenses	$2,451,892	$1,845,198	+0.3%
Net Income	$69,012	$-130,027	-1.5%

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

300

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

$510,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE ANDERSON	CHAIR	6.00	Officer Director	$0	$0	$0
KEVIN DAVIS	VICE CHAIR	6.00	Officer Director	$0	$0	$0
GABE GARCIA	TREASURER	6.00	Officer Director	$0	$0	$0
RYAN DUNN	SECRETARY	6.00	Officer Director	$0	$0	$0
DOMINICK BARRY	DIRECTOR	4.00	Director	$0	$0	$0
BLAKE BRADLEY	DIRECTOR	4.00	Director	$0	$0	$0
CHELSEA BEIN	DIRECTOR	4.00	Director	$0	$0	$0
RYAN CALDWELL	DIRECTOR	4.00	Director	$0	$0	$0
JIM DANTONA	DIRECTOR	4.00	Director	$0	$0	$0
CHUCK DAVISON	DIRECTOR	4.00	Director	$0	$0	$0
JOLIE DITMORE	DIRECTOR	4.00	Director	$0	$0	$0
STACIE JACOB	DIRECTOR	4.00	Director	$0	$0	$0
ERMINA KARIM	DIRECTOR	6.00	Director	$0	$0	$0
DAVID LANGAN	DIRECTOR	4.00	Director	$0	$0	$0
CYNTHIA LOHR	DIRECTOR	4.00	Director	$0	$0	$0
KRISTEN MILLER	DIRECTOR	4.00	Director	$0	$0	$0
KIRSTEN MCLAUGHLIN	DIRECTOR	4.00	Director	$0	$0	$0
GLENN MORRIS	DIRECTOR	4.00	Director	$0	$0	$0
CLINT PEARCE	DIRECTOR	4.00	Director	$0	$0	$0
TY SAFRENO	DIRECTOR	6.00	Director	$0	$0	$0
JILL STEARNS	DIRECTOR	4.00	Director	$0	$0	$0
TOM STEVENS	DIRECTOR	4.00	Director	$0	$0	$0
KAREN TILLMAN	DIRECTOR	4.00	Director	$0	$0	$0
KEVIN WALTHERS	DIRECTOR	4.00	Director	$0	$0	$0
MATTHEW WOODS	DIRECTOR	4.00	Director	$0	$0	$0
KRISTEN YETTER	DIRECTOR	4.00	Director	$0	$0	$0
MELISSA JAMES	PRESIDENT & CEO	40.00	Officer	$203,141	$21,551	$224,692
RUSSELL LEVANWAY	EXECUTIVE VICE PRESIDENT	40.00	Officer	$138,569	$8,732	$147,301
JOSHUA BOSWELL	VICE PRESIDENT OF POLICY	40.00	Officer	$129,198	$8,864	$138,062
QUINN BRADY	PROJECT DIRECTOR	40.00	Highest	$103,102	$1,200	$104,302

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	No data	No data	No data	No data
2024	$2,520,904	$2,451,892	$1,970,919	$69,012
2023	$1,715,171	$1,845,198	$848,876	$-130,027
2022	$1,285,206	$1,138,078	$983,412	$147,128
2021	$1,423,022	$976,204	$839,371	$446,818
2020	$778,074	$596,585	$438,724	$181,489
2019	$463,028	$260,323	$202,705	$202,705

HOURGLASS PROJECT DBA REACH