THE ECHO PROJECT (EIN 844476199) - 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

DAVID KENNEDY

Phone

8649812324

Tax Period

2024-01-01 to 2024-12-31

THE ECHO PROJECT, founded in 2019, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE ECHO PROJECT IS A NONPROFIT DEDICATED TO HEALING RACIAL DIVISION AND STANDING AGAINST HATRED THROUGH DIALOGUE, EMPATHY AND UNDERSTANDING. THE ECHO PROJECT WORKS ON EXPANSIVE, COMMUNITY INFORMED PROJECTS THAT RECOGNIZE OUR PAST TO CREATE SPACE FOR A MORE JUST FUTURE, STARTING WITH THE ECHO THEATER IN LAURENS, SC.

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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 $7,276

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13

Other Expenses $9,158

TOTAL EXPENSES $9,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,276	$116,827	-0.9%
Expenses	$9,158	$130,147	-0.9%
Net Income	$-1,882	$-13,320	-0.9%

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

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
REV DAVID KENNEDY	PRESIDENT	20.00	Director	$0	$0	$0
JANICE KENNEDY	SECRETARY	10.00	Director	$0	$0	$0
CHRISTOPHER WILLIAMS	TREASURER	3.00	Director	$0	$0	$0
FRANCES WILLIAMS	BOARD MEMBER	3.00	Director	$0	$0	$0
PAMELA BARKSDALE	BOARD MEMBER	3.00	Director	$0	$0	$0
RUSSELL SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
TYA KENNEDY	BOARD MEMBER	3.00	Director	$0	$0	$0
LOLA KENNEDY	BOARD MEMBER	3.00	Director	$0	$0	$0
MATTIE STODDARD	BOARD MEMBER	3.00	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	$7,276	$9,158	$265,523	$-1,882
2023	$116,827	$130,147	$267,405	$-13,320
2022	$74,688	$230,217	$280,725	$-155,529
2021	$292,998	$172,264	$436,254	$120,734
2020	$383,551	$68,031	$315,520	$315,520

THE ECHO PROJECT