PROJECT PRIDE SRQ INC (EIN 843878767) - 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

JUSTYN HUNTER-CERUTI

Phone

9417040330

Tax Period

2024-01-01 to 2024-12-31

PROJECT PRIDE SRQ INC, founded in 2019, is a small nonprofit in the Civil Rights & Advocacy sector that reported $303K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $358K exceeded revenue, resulting in a 18% operating deficit.

Mission

PRIMARY PURPOSE - TO EXPAND AWARENESS AND UNDERSTANDING OF THE LGBTQ+ COMMUNITY BY CREATING STRATEGIC PARTNERSHIPS WITH LOCAL ORGANIZATIONS, BUSINESSES, AND GOVERNMENT TOWARDS A SHARED GOAL.

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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 $116,323

Program Service Revenue $180,352

Investment Income $6,138

Other Revenue $0

TOTAL REVENUE $302,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,842

Fundraising Expenses $4,500

Program Expenses $252,186

Other Expenses $315,268

TOTAL EXPENSES $358,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,813	$260,828	+0.2%
Expenses	$358,110	$241,668	+0.5%
Net Income	$-55,297	$19,160	-3.9%

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

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
JASON CHAMPION	PRESIDENT	5.00	Officer Director	$0	$0	$0
HARRY CICCHETTI	BOARD MEMBER	6.00	Director	$0	$0	$0
CHRISTOPHER COVELLI	EMERITUS BOA	5.00	Director	$0	$0	$0
AMANDA DAY	BOARD MEMBER	5.00	Director	$0	$0	$0
DONNA HANLEY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JUSTYN HUNTER-CERUTI	PRESIDENT -	6.00	Officer Director	$0	$0	$0
MARCY JARK	BOARD MEMBER	5.00	Director	$0	$0	$0
KATIE MCCURRY	EMERITUS BOA	5.00	Director	$0	$0	$0
JIM DEL RIO	TREASURER	6.00	Officer 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	$302,813	$358,110	$170,407	$-55,297
2023	$260,828	$241,668	$199,539	$19,160
2022	$209,201	$153,402	$180,379	$55,799

PROJECT PRIDE SRQ INC