PROJECT42 (EIN 833125072) - 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

2019

Legal Domicile

Principal Officer

JUSTIN MACK

Phone

6124181392

Tax Period

2023-01-01 to 2023-12-31

PROJECT42, founded in 2019, is a community nonprofit in the Religion sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 11% surplus.

Mission

TO RAISE AWARENESS AND RESOURCES FOR THE 42% OF THE WORLD THAT HAS NO ACCESS TO THE GOSPEL OF CHRIST.

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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 $3,287,713

Program Service Revenue $0

Investment Income $15,609

Other Revenue $0

TOTAL REVENUE $3,303,322

Expense Breakdown

Grants Paid $2,280,954

Salaries & Benefits $323,452

Fundraising Expenses $204,908

Program Expenses $2,566,050

Other Expenses $330,328

TOTAL EXPENSES $2,934,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,303,322	$2,386,632	+0.4%
Expenses	$2,934,734	$2,399,685	+0.2%
Net Income	$368,588	$-13,053	-29.2%

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

Total Directors

$132,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MACK	CHAIRMAN	30.00	Director	$132,268	$0	$132,268
MARK DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELWIN MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ENGL	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$3,303,322	$2,934,734	$1,138,620	$368,588
2022	$2,386,632	$2,399,685	$858,079	$-13,053
2021	$1,757,114	$1,337,049	$781,932	$420,065
2020	$581,757	$352,924	$383,739	$228,833
2019	$234,168	$101,181	$132,987	$132,987

PROJECT42