PX Project Inc (EIN 850830039) - 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

Meredith Davis

Phone

7132211138

Tax Period

2023-01-01 to 2023-12-31

PX Project Inc, founded in 2020, is a small nonprofit in the Employment sector that reported $291K in total revenue in fiscal year 2023. Expenses of $449K exceeded revenue, resulting in a 54% operating deficit.

Mission

To transform the lives of youth in Houston, Texas through food service-based career training.

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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 $251,519

Program Service Revenue $0

Investment Income $0

Other Revenue $39,813

TOTAL REVENUE $291,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,613

Fundraising Expenses $5,589

Program Expenses $303,339

Other Expenses $83,680

TOTAL EXPENSES $449,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,332	$285,566	+0.0%
Expenses	$449,293	$418,635	+0.1%
Net Income	$-157,961	$-133,069	+0.2%

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

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

$87,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Whitney Mears	Chair	2.00	Officer Director	$0	$0	$0
Colin Cox	Director	0.50	Director	$0	$0	$0
Henry Gonzales	Director	0.50	Director	$0	$0	$0
Rachael Goydan	Director	0.50	Director	$0	$0	$0
JoAnn Jones-Burbridge	Director	0.50	Director	$0	$0	$0
Jason Knecht	Director	0.50	Director	$0	$0	$0
Nicole McWhorter	Director	0.50	Director	$0	$0	$0
Leslie Pitts	Director	0.50	Director	$0	$0	$0
Dr Liz Ross	Director	0.50	Director	$0	$0	$0
Meredith Davis	Executive Director	40.00	Officer	$80,188	$7,541	$87,729

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	$291,332	$449,293	$92,909	$-157,961
2022	$285,566	$418,635	$207,298	$-133,069
2021	$388,367	$308,105	$312,050	$80,262
2020	$365,615	$138,152	$230,103	$227,463

PX Project Inc