Project Restart Inc

EIN: 832638309 501(c)(3) Housing & Shelter

Denver, CO

Total Revenue
$1,483,036
Total Expenses
$1,292,252
Total Assets
$778,279
Net Assets
$616,127
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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
CO
Principal Officer
Brad Volin
Phone
7207721715
Tax Period
2024-01-01 to 2024-12-31

Project Restart Inc, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 13% surplus.

Mission

Our mission is to help people return to independent living and be self-sufficient. The HWH model is partner based and encompasses housing, mental health services, workforce training and employment. This supportive structure and services help people stabilize, develop a support network, become trained, gain experience, obtain a job, secure independent housing and ultimately become self-sufficient.

Program Service Accomplishments

Program 1
Expenses: $1,029,918 Revenue: $4,810

We are a Community Business Collaborative established to help people become self-sufficient. We believe self-sufficiency happens when all 3 legs of the stool are addressed at the same time: housing...

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We are a Community Business Collaborative established to help people become self-sufficient. We believe self-sufficiency happens when all 3 legs of the stool are addressed at the same time: housing, mental health and employment. Our model encompasses all 3 components.

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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 $1,462,474
Program Service Revenue $4,810
Investment Income $15,752
Other Revenue $0
TOTAL REVENUE $1,483,036

Expense Breakdown

Grants Paid $110,992
Salaries & Benefits $710,099
Fundraising Expenses $95,262
Program Expenses $1,029,918
Other Expenses $421,248
TOTAL EXPENSES $1,292,252

Year-over-Year Comparison

2024 2023 Change
Revenue $1,483,036 $1,292,809 +0.1%
Expenses $1,292,252 $1,107,835 +0.2%
Net Income $190,784 $184,974 +0.0%
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
8
Independent Members
8
Employees
17
Volunteers
40

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
4
$86,729
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim Chatman Board Chair 1.00
Officer Director
$0 $0 $0
Jolynn Snyder Secretary 1.00
Officer Director
$0 $0 $0
Karissa Childs Tresurer 1.00
Officer Director
$0 $0 $0
Tony Caruso Board Member 1.00
Director
$0 $0 $0
Anand Krishnaswamy Board Member 1.00
Director
$0 $0 $0
Brett Sullivan Board Member 1.00
Director
$0 $0 $0
Keith Story Board Member 1.00
Director
$0 $0 $0
Christine Schumann Board Member 1.00
Director
$0 $0 $0
Brad Volin Executive Director 15.00
Officer
$83,542 $3,187 $86,729
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 $1,483,036 $1,292,252 $778,279 $190,784
2023 $1,292,809 $1,107,835 $493,912 $184,974
2022 $738,221 $613,887 $303,565 $124,334
2021 $276,074 $206,016 $203,833 $70,058
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