Gradus Project

EIN: 843342777 501(c)(3) Employment

Memphis, TN

Total Revenue
$222,558
Total Expenses
$92,183
Total Assets
$130,375
Net Assets
N/A
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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
2021
Legal Domicile
TN
Principal Officer
Dr Penny Mickey
Phone
6154241301
Tax Period
2024-01-01 to 2024-12-31

Gradus Project, founded in 2021, is a small nonprofit in the Employment sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 245% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 59% operating margin.

Mission

Gradus means another step in Latin and the mission of the Gradus Project is to support underestimated populations to take another step toward economic mobility.

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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 (2024)

Revenue Breakdown

Contributions & Grants $222,558
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $222,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,200
Fundraising Expenses $0
Program Expenses $92,183
Other Expenses $76,983
TOTAL EXPENSES $92,183

Year-over-Year Comparison

2024 2023 Change
Revenue $222,558 $64,469 +2.5%
Expenses $92,183 $64,469 +0.4%
Net Income $130,375 $0 N/A
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
5
Independent Members
5
Employees
1
Volunteers
3

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Penny Mickey CEO 3.00
Officer Director
$0 $0 $0
Sharon Mickey Board Member 2.00
Director
$0 $0 $0
Dr Natasha Smith Chair 2.00
Director
$0 $0 $0
Kesha Lusain Treasurer 2.00
Director
$0 $0 $0
Lynn Ogle Secretary 2.00
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
2024 $222,558 $92,183 $130,375 $130,375
2023 $64,469 $64,469 No data No data
2022 $11,947 $8,347 No data $3,600
2021 $27,517 $30,520 $25 $-3,003
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