PROJECT DS INC

EIN: 832385624 501(c)(3) Medical Research

MORRISVILLE, NC

Total Revenue
$2,896,617
Total Expenses
$2,516,322
Total Assets
$7,333,550
Net Assets
$4,791,231
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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
NC
Principal Officer
JULIE MILLER
Phone
9192473437
Tax Period
2024-01-01 to 2024-12-31

PROJECT DS INC, founded in 2018, is a community nonprofit in the Medical Research sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.5M left a modest 13% surplus.

Mission

THE GOAL OF THE PROJECT DATA SPHERE INITIATIVE IS TO SPARK INNOVATION THAT WILL HELP THE CANCER COMMUNITY UNLOCK THE POTENTIAL OF VALUABLE BIG DATA BY GENERATING NEW INSIGHTS AND OPENING NEW RESEARCH POSSIBILITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,584,353
Program Service Revenue $0
Investment Income $311,462
Other Revenue $802
TOTAL REVENUE $2,896,617

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,783,315
Fundraising Expenses $0
Program Expenses $1,721,583
Other Expenses $733,007
TOTAL EXPENSES $2,516,322

Year-over-Year Comparison

2024 2023 Change
Revenue $2,896,617 $4,982,610 -0.4%
Expenses $2,516,322 $2,286,709 +0.1%
Net Income $380,295 $2,695,901 -0.9%
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

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Governance

Voting Members
9
Independent Members
8
Employees
8
Volunteers
8

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
3
$488,976
Total Directors
9
$720,337
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN MCDUNN PDS PRESIDENT 40.00
Officer Director
$253,086 $45,849 $298,935
CHRISTOPHER A VIEHBACHER MEMBER 1.00
Director
$0 $0 $0
SCOTT WHITE MEMBER 1.00
Director
$0 $0 $0
MAJOR GENERAL ELDER GRANGER MD MEMBER 1.00
Director
$0 $0 $0
DR JAMES H GOODNIGHT MEMBER 1.00
Director
$0 $0 $0
JOHN CRUMPLER MEMBER 1.00
Director
$0 $0 $0
DR NORMAN SHARPLESS MEMBER 1.00
Director
$0 $0 $0
PETER GUENTER MEMBER 1.00
Director
$0 $0 $0
DR SEAN KHOZIN MEMBER 1.00
Director
$0 $5,033 $421,402
JULIE MILLER EXECUTIVE DIRECTOR 1.00
Officer
$0 $31,084 $190,041
DAVID M REESE CHAIR 1.00
Officer
$0 $0 $0
ASBA TASNEEM EXEC DIR IMAGES AND ALGORITHMS 40.00
Highest
$202,650 $27,631 $230,281
STEVEN SOUTHWICK DIRECTOR DATA IT & OPS 40.00
Highest
$192,885 $39,483 $232,368
RAVI KOMANDUR DIRECTOR AI IMAGING 40.00
Highest
$185,989 $33,845 $219,834
ELEANOR MCCABE DIRECTOR OF RESEARCH 40.00
Highest
$126,757 $13,645 $140,402
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 $2,896,617 $2,516,322 $7,333,550 $380,295
2023 $4,982,610 $2,286,709 $7,076,925 $2,695,901
2022 $3,067,888 $3,051,667 $3,116,433 $16,221
2022 $9,817,888 $3,051,667 $12,116,433 $6,766,221
2021 $6,334,696 $3,727,639 $5,367,289 $2,607,057
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