Project 68 Inc (EIN 852760084) - 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

2024-01-01 to 2024-12-31

Project 68 Inc, founded in 2020, is a small nonprofit in the Civil Rights & Advocacy sector that reported $312K in total revenue in fiscal year 2024. Revenue surged 343% from the prior year, signaling strong growth momentum. Expenses of $274K left a modest 12% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $312,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $312,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,411

Fundraising Expenses $0

Program Expenses $92,645

Other Expenses $13,300

TOTAL EXPENSES $273,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,500	$70,500	+3.4%
Expenses	$273,711	$96,726	+1.8%
Net Income	$38,789	$-26,226	-2.5%

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

$37,650

Total Directors

$37,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL BANKS	Executive Dir.	20.00	Officer Director	$37,650	$0	$37,650
Ashley Hypolite	Director	25.00	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
2024	$312,500	$273,711	$37,051	$38,789
2023	$70,500	$96,726	$692	$-26,226
2022	$230,000	$155,722	$1,898	$74,278
2021	$158,000	$275,565	$155	$-117,565
2020	$700,000	$582,280	$117,720	$117,720

Project 68 Inc