THE AMERICAN EXCHANGE PROJECT INC

EIN: 842485684 501(c)(3) Education

CHESTNUT HILL, MA

Total Revenue
$1,843,338
Total Expenses
$3,211,164
Total Assets
$1,277,465
Net Assets
$1,212,912
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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
MA
Principal Officer
DAVID MCCULLOUGH III
Phone
9782393869
Tax Period
2023-10-01 to 2024-09-30

THE AMERICAN EXCHANGE PROJECT INC, founded in 2019, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 74% operating deficit.

Mission

TO FACILITATE INTERACTIONS BETWEEN AMERICANS FROM DIFFERENT BACKGROUNDS IN (CONT. ON SCH. O) THE INTEREST OF FORMING "A MORE PERFECT UNION."

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,812,707
Program Service Revenue $0
Investment Income $30,631
Other Revenue $0
TOTAL REVENUE $1,843,338

Expense Breakdown

Grants Paid $76,466
Salaries & Benefits $1,176,852
Fundraising Expenses $107,114
Program Expenses $2,738,405
Other Expenses $1,957,846
TOTAL EXPENSES $3,211,164

Year-over-Year Comparison

2023 2022 Change
Revenue $1,843,338 $4,521,150 -0.6%
Expenses $3,211,164 $2,051,223 +0.6%
Net Income $-1,367,826 $2,469,927 -1.6%
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
15
Volunteers
1050

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
5
$270,262
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SOLMAN PRESIDENT 5.00
Officer Director
$0 $0 $0
GLENN YOUNG TREASURER 2.00
Officer Director
$0 $0 $0
DAVID ADAMS DIRECTOR 1.00
Director
$0 $0 $0
AKHIL AMAR DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN FANTON DIRECTOR 1.00
Director
$0 $0 $0
SARAH GERSTEIN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GIBSON DIRECTOR 1.00
Director
$0 $0 $0
ARLIE HOCHSCHILD DIRECTOR 1.00
Director
$0 $0 $0
DAVID MCCULLOUGH CEO 50.00
Officer
$119,254 $9,116 $128,370
CHRIS COOPER CHIEF OF STAFF 50.00
Officer
$81,892 $0 $81,892
MICHAEL WILONSKY CHIEF OPERATIONS OFFICER 50.00
Officer
$60,000 $0 $60,000
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
2025 No data No data No data No data
2024 $1,843,338 $3,211,164 $1,277,465 $-1,367,826
2023 $4,521,150 $2,051,223 $2,688,158 $2,469,927
2022 $869,932 $931,698 $144,844 $-61,766
2021 $455,514 $244,147 $228,095 $211,367
2021 $122,732 $168,716 $178,801 $-45,984
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