PROJECT KOMPASS INCORPORATED

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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

2020

Legal Domicile

Principal Officer

RONNIE HOEY

Phone

9787104225

Tax Period

2023-07-01 to 2024-06-30

PROJECT KOMPASS INCORPORATED, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $477K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $455K left a modest 4% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING AND LIFE SKILLS FOR YOUNG ADULTS EXPERIENCING HOUSING INSECURITY. BY PARTNERING WITH LOCAL AGENCIES, PROJECT KOMPASS IS UNIQUELY CAPABLE OF CREATING A HOLISTIC APPROACH TO HELPING AREA YOUTH TRANSITION FROM HOUSING INSTABILITY TO HOUSING SECURITY TO INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $357,609

DURING THE YEAR ENDED JUNE 30, 2024, PROJECT KOMPASS (PK) ACCOMPLISHED THE FOLLOWING:RESIDENTS:PK WELCOMED 98 RESIDENTS, INCREASED ITS STAFFING BY ADDING AN ON-SITE RESIDENT MENTOR POSITION, AND...

DURING THE YEAR ENDED JUNE 30, 2024, PROJECT KOMPASS (PK) ACCOMPLISHED THE FOLLOWING:RESIDENTS:PK WELCOMED 98 RESIDENTS, INCREASED ITS STAFFING BY ADDING AN ON-SITE RESIDENT MENTOR POSITION, AND OBTAINED PERMANENT HOUSING TO NEARLY 80% OF ITS RESIDENTS.PK EXTENDED ITS PROGRAMS TO INCLUDE PROJECT FARM AND JUMP START. PROJECT FARM IS A PROGRAM DEVELOPED IN PARTNERSHIP WITH HIDDEN POND FARM AND STABLES TO ADDRESS THE MENTAL HEALTH BENEFITS OF ANIMAL THERAPY. EQUINE THERAPY FOR THOSE INTERESTED. PROJECT FARM SUPPORTED 70 GROUPS OR 655 INDIVIDUALS. PROJECT JUMP START PROVIDES FUNDING TO STUDENTS WHO HAVE HAD SOME CHALLENGES AND ADVERSITIES IN THEIR LIVES AND WHO DESIRE A BRIGHTER FUTURE. PROJECT JUMP START HELPED SECURE GRANTS AND SCHOLARSHIP TO 17 INDIVIDUALS.IN THE PAST YEAR, PK WELCOMED OUR FIRST WHEELCHAIR USER AND TRANSGENDER RESIDENTS WHICH ALLOWED US TO MAKE FURTHER CONNECTIONS IN THE COMMUNITY.COMMUNITY SERVICE/OUTREACH:PK HELPED 44 INDIVIDUALS/FAMILIES WEEKLY WITH FOOD, BABY AND SCHOOL SUPPLIES, PERSONAL HYGIENE PRODUCTS AND CLOTHING PROVIDED TO THE LOCAL COMMUNITY. PK PROVIDED SUPPORT TO LOCAL AGENCIES, INCLUDING THE LOWELL YOUTH LEADERSHIP PROGRAM BY SERVING LUNCH TO 220 CAMPERS, CBA ANNUAL CLEAN-UP AND HOLIDAY CARE PACKAGES DELIVERED TO AREA UNHOUSED INDIVIDUALS.COLLABORATIONS/PARTNERSHIPS:PK COLLABORATED AND HELD VARIOUS WORKSHOPS WITH MERRIMACK VALLEY FOOD BANK, PLANNED PARENTHOOD, JEANNE D'ARC CREDIT UNION AND THE WISH PROJECT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $485,481

Program Service Revenue $0

Investment Income $1,258

Other Revenue $-10,070

TOTAL REVENUE $476,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,800

Fundraising Expenses $24,945

Program Expenses $357,609

Other Expenses $160,596

TOTAL EXPENSES $455,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$476,669	$358,732	+0.3%
Expenses	$455,396	$382,152	+0.2%
Net Income	$21,273	$-23,420	-1.9%

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

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

$122,733

Total Directors