Protect App-Based Drivers and Services (EIN 843042288) - 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

Steven S Lucas

Phone

4153896800

Tax Period

2024-01-01 to 2024-12-31

Protect App-Based Drivers and Services, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

To educate the public and advocate with respect to the benefits to both the California economy and to California consumers of laws that provide innovation, opportunity and independence for gig economy workers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,208,566

Program Service Revenue $0

Investment Income $35,092

Other Revenue $0

TOTAL REVENUE $3,243,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,886,187

Other Expenses $4,510,257

TOTAL EXPENSES $4,510,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,243,658	$3,806,797	-0.1%
Expenses	$4,510,257	$5,868,277	-0.2%
Net Income	$-1,266,599	$-2,061,480	-0.4%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Simon	Director	1.00	Officer Director	$0	$0	$0
Ramona Prieto	Director	1.00	Director	$0	$0	$0
Jeff Gabriel	President & Dir	1.00	Director	$0	$0	$0
Tiffani Alvidez	Director	1.00	Director	$0	$0	$0
Steven S Lucas	Secretary/CFO	1.00	Officer	$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	$3,243,658	$4,510,257	$925,229	$-1,266,599
2023	$3,806,797	$5,868,277	$2,191,828	$-2,061,480
2022	$7,929,271	$3,932,326	$4,253,308	$3,996,945
2021	$1,080,781	$2,159,301	$256,363	$-1,078,520
2020	$113,179,150	$189,232,131	$1,334,883	$-76,052,981
2019	$110,210,306	$2,822,442	$107,387,864	$107,387,864

Protect App-Based Drivers and Services