THE FORMATION PROJECT (EIN 844695937) - 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

BROOKE BURRIS

Phone

8433756635

Tax Period

2024-01-01 to 2024-12-31

THE FORMATION PROJECT, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $387K, a strong 37% operating margin.

Mission

THE FORMATION PROJECT'S MISSION IS TO PROVIDE ACCESS TO SAFETY, STABILITY, AND CONNECTION. WE STRIVE TO BUILD A RESILIENT COMMUNITY FREE FROM EXPLOITATION BY PROVIDING SOCIAL SERVICES TO SURVIVORS OF HUMAN TRAFFICKING.

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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 $1,053,519

Program Service Revenue $0

Investment Income $11,193

Other Revenue $-21,817

TOTAL REVENUE $1,042,895

Expense Breakdown

Grants Paid $100

Salaries & Benefits $317,193

Fundraising Expenses $38,379

Program Expenses $545,741

Other Expenses $338,854

TOTAL EXPENSES $656,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,042,895	$814,974	+0.3%
Expenses	$656,147	$791,974	-0.2%
Net Income	$386,748	$23,000	+15.8%

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

$20,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOKE BURRIS	CEO	40.00	Officer	$20,000	$0	$20,000
MICHAEL BEVILLE	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACY BLANCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE GREEN	BOARD MEMBER	0.25	Director	$0	$0	$0
CARL HANSSON	CHAIR	3.00	Director	$0	$0	$0
LAUREN KNAPP	BOARD MEMBER	5.00	Director	$0	$0	$0
LANE MCCLUER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARBY PARKER	TREASURER	1.00	Director	$0	$0	$0
SHANNON RUNQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA STONE	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA YORKE	BOARD MEMBER	0.25	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	$1,042,895	$656,147	$881,538	$386,748
2023	$814,974	$791,974	$217,987	$23,000
2022	$832,145	$629,311	$194,537	$202,834
2021	$399,441	$451,343	$27,680	$-51,902
2020	$92,494	$76,274	$17,105	$16,220

THE FORMATION PROJECT