THE TRUST PROJECT (EIN 833152419) - 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

SALLY LEHRMAN

Phone

6507288211

Tax Period

2023-01-01 to 2023-12-31

THE TRUST PROJECT, founded in 2018, is a small nonprofit that reported $576K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 134% operating deficit.

Mission

TO AMPLIFY JOURNALISM'S COMMITMENT TO TRANSPARENCY, ACCURACY, INCLUSION AND FAIRNESS SO THAT THE PUBLIC CAN MAKE INFORMED NEWS CHOICES.

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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 $550,000

Program Service Revenue $10,000

Investment Income $16,371

Other Revenue $0

TOTAL REVENUE $576,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,169

Fundraising Expenses $11,752

Program Expenses $1,230,992

Other Expenses $686,319

TOTAL EXPENSES $1,348,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$576,371	$507,427	+0.1%
Expenses	$1,348,488	$963,432	+0.4%
Net Income	$-772,117	$-456,005	+0.7%

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

$215,497

Total Directors

$215,497

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY LEHRMAN	CEO	40.00	Officer Director	$198,333	$17,164	$215,497
MAUREEN COSTELLO	TREASURER	1.00	Officer Director	$0	$0	$0
LEE HILL	SECRETARY	1.00	Officer Director	$0	$0	$0
LOUIS JONES	CHAIRMAN OF THE BOARD	1.00	Officer 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	$576,371	$1,348,488	$583,222	$-772,117
2022	$507,427	$963,432	$1,321,551	$-456,005
2021	$951,360	$793,348	$1,740,365	$158,012

THE TRUST PROJECT