PROJECT LINUS (EIN 841362696) - 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

1997

Legal Domicile

Principal Officer

PATTY GREGORY

Phone

3095850686

Tax Period

2025-01-01 to 2025-12-31

PROJECT LINUS, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $381K, a strong 30% operating margin.

Mission

PROVIDE LOVE, A SENSE OF SECURITY, WARMTH AND COMFORT TO CHILDREN WHO ARE SERIOUSLY ILL, TRAUMATIZED, OR OTHERWISE IN NEED THROUGH THE GIFTS OF NEW, HANDMADE BLANKETS AND AFGHANS, LOVINGLY CREATED BY VOLUNTEERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,096,518

Program Service Revenue $0

Investment Income $167,072

Other Revenue $0

TOTAL REVENUE $1,263,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,262

Fundraising Expenses $0

Program Expenses $761,981

Other Expenses $748,083

TOTAL EXPENSES $882,345

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,263,590	$1,058,091	+0.2%
Expenses	$882,345	$829,591	+0.1%
Net Income	$381,245	$228,500	+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

200000

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

$91,315

Total Directors

$91,315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY GREGORY	PRESIDENT/EXECU	40.00	Officer Director	$76,730	$0	$76,730
CHARLOTTE BRADFORD	TREASURER	18.00	Officer Director	$14,585	$0	$14,585
MARY BALAGNA	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
TERRY BALAGNA	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN GREGORY	Director	4.00	Director	$0	$0	$0
PEGGY KANE	DIRECTOR	1.00	Director	$0	$0	$0
JANE LAWRENCE	DIRECTOR	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
2025	$1,263,590	$882,345	$2,462,006	$381,245
2024	$1,058,091	$829,591	$2,106,366	$228,500
2023	$1,037,736	$749,083	$1,924,045	$288,653
2022	$991,745	$695,667	$1,630,246	$296,078
2021	$898,332	$556,354	$1,263,986	$341,978
2020	$645,561	$460,798	$935,182	$184,763
2019	$705,201	$484,105	$730,184	$221,096
2018	$690,049	$508,540	$507,007	$181,509

PROJECT LINUS