THE LUCY PROJECT INC (EIN 850721345) - 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

2020

Legal Domicile

Principal Officer

SANDRA BERMUDEZ

Phone

7865206306

Tax Period

2024-01-01 to 2024-12-31

THE LUCY PROJECT INC, founded in 2020, is a small nonprofit that reported $599K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $570K left a modest 5% surplus.

Mission

THE LUCY PROJECT ADVOCATES FOR CHILDREN WHO STRUGGLE TO READ AND PROVIDES FULL AND FAIR ACCESS TO EVIDENCE-BASED LITERARY INTERVENTION.

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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 $324,778

Program Service Revenue $259,330

Investment Income $0

Other Revenue $15,256

TOTAL REVENUE $599,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,053

Fundraising Expenses $77,802

Program Expenses $362,820

Other Expenses $196,289

TOTAL EXPENSES $570,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,364	$364,817	+0.6%
Expenses	$570,342	$387,813	+0.5%
Net Income	$29,022	$-22,996	-2.3%

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

$48,994

Total Directors

$48,994

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA BERMUDEZ	FOUNDER AND	50.00	Officer Director	$48,994	$0	$48,994
ROCIO VELAZQUEZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER FLEMING	EDUCATION CH	1.00	Officer Director	$0	$0	$0
SUZAN MCDOWELL	COMMUNICATIO	1.00	Officer Director	$0	$0	$0
JAQUELINE GONZALEZ	DEVELOPMENT	1.00	Officer Director	$0	$0	$0
NATALY VALDEZ	DIRECTOR	1.00	Director	$0	$0	$0
MADELEINE FIELDS	DIRECTOR	3.00	Director	$0	$0	$0
DR AARON KUNTZ	DIRECTOR	2.00	Director	$0	$0	$0
ALEX SOTO	DIRECTOR	1.00	Director	$0	$0	$0
JORGE BORGES	DIRECTOR	1.00	Director	$0	$0	$0
MONICA LLERENA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK CHERY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$599,364	$570,342	$148,739	$29,022
2023	$364,817	$387,813	$54,297	$-22,996
2022	$298,733	$284,901	$83,080	$13,832

THE LUCY PROJECT INC