PROJECT 42

EIN: 844888807

PACIFIC, WA

Total Revenue
$3,265,631
Total Expenses
$3,215,843
Total Assets
$57,764
Net Assets
$57,764
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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
WA
Principal Officer
STEVE GORDON
Phone
2062977500
Tax Period
2023-01-01 to 2023-12-31

PROJECT 42, founded in 2020, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT BUILDING INFRASTRUCTURE IN WASHINGTON STATE AROUND FREE MARKETS, PERSONAL LIBERTY, AND PUBLIC SAFETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,264,046
Program Service Revenue $0
Investment Income $1,585
Other Revenue $0
TOTAL REVENUE $3,265,631

Expense Breakdown

Grants Paid $1,700,859
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,146,881
Other Expenses $1,514,984
TOTAL EXPENSES $3,215,843

Year-over-Year Comparison

2023 2022 Change
Revenue $3,265,631 $1,968,423 +0.7%
Expenses $3,215,843 $2,093,120 +0.5%
Net Income $49,788 $-124,697 -1.4%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE GORDON CHAIR/TREASURER 5.00
Officer Director
$0 $0 $0
BRIAN HEYWOOD VICE CHAIR/SECRETARY 0.50
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 No data No data No data No data
2023 $3,265,631 $3,215,843 $57,764 $49,788
2022 $1,968,423 $2,093,120 $7,976 $-124,697
2021 $953,844 $822,635 $132,673 $131,209
2020 $402,688 $401,224 $1,464 $1,464
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