PROJECT 68 EDUCATION FUND INC (EIN 852737934) - 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

DARRYL BANKS

Phone

3016422016

Tax Period

2023-01-01 to 2023-12-31

PROJECT 68 EDUCATION FUND INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $507K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $193K, a strong 38% operating margin.

Mission

PROJECT 68 CONNECTS STATE-BASED ORGANIZATIONS WITH ATHLETE AND ARTIST-LED INITIATIVES TO ENHANCE MOBILIZATION AND CIVIC PARTICIPATION IN BLACK AND UNDERSERVED COMMUNITIES.

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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 $507,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $507,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,750

Fundraising Expenses $0

Program Expenses $94,357

Other Expenses $277,772

TOTAL EXPENSES $314,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$507,400	$430,000	+0.2%
Expenses	$314,522	$394,868	-0.2%
Net Income	$192,878	$35,132	+4.5%

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

$36,750

Total Directors

$36,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL BANKS	PRESIDENT AND TREASURER	20.00	Officer Director	$0	$0	$0
JIMMY TAN	SECRETARY	20.00	Officer Director	$3,400	$0	$3,400
MELISSA LOPEZ	PROGRAM DIRECTOR	25.00	Officer Director	$33,350	$0	$33,350

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	$507,400	$314,522	$230,951	$192,878
2022	$430,000	$394,868	$38,073	$35,132
2021	$258,400	$281,737	$2,641	$-23,337
2020	$1,037,000	$1,011,022	$25,978	$25,978

PROJECT 68 EDUCATION FUND INC