PROJECT 48 INC (EIN 834515483) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

BRANDY MEMORY

Phone

5039360851

Tax Period

2024-01-01 to 2024-12-31

PROJECT 48 INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $631K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $592K left a modest 6% surplus.

Mission

PROVIDE ESSENTIALS BAG INCLUDES HIGH QUALITY NEW ITEMS THAT WILL BE DELIVERED WITHIN 48 HOURS OF A YOUTH'S PLACEMENT. EACH BAG INCLUDES BUT NOT LIMITED TO BACKPACK, SOCKS, T-SHIRTS, PANTS, UNDERWEAR, JOGGERS, HYGIENE PRODUCTS, AGE AND GENDER APPROPRIATE ITEMS ETC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $546,017

Program Service Revenue $0

Investment Income $0

Other Revenue $85,364

TOTAL REVENUE $631,381

Expense Breakdown

Grants Paid $264,080

Salaries & Benefits $187,635

Fundraising Expenses $0

Program Expenses $468,068

Other Expenses $139,837

TOTAL EXPENSES $591,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$631,381	$569,150	+0.1%
Expenses	$591,552	$540,230	+0.1%
Net Income	$39,829	$28,920	+0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$168,983

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY COUNTRYMAN	DIRECTOR OF OPERATIONS	40.00	Director	$33,782	$0	$33,782
BRANDY MEMORY	CEO	38.50	Director	$57,814	$0	$57,814
KAITLYN MCKIM	DIRECTOR OF PROGRAMS	40.00	Director	$47,387	$0	$47,387
COURTNEY BUCKLEY	EXECUTIVE DIRECTOR	40.00	Director	$30,000	$0	$30,000

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	$631,381	$591,552	$135,608	$39,829
2023	$569,150	$540,230	$115,344	$28,920
2022	$397,870	$353,737	$66,206	$44,133

PROJECT 48 INC