Project Onyx Inc

EIN: 853067838 501(c)(3) Youth Development

Bondurant, IA

Total Revenue
$103,116
Total Expenses
$101,967
Total Assets
N/A
Net Assets
N/A
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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
IA
Principal Officer
Patrick G Ford
Phone
8475255479
Tax Period
2021-01-01 to 2021-12-31

Project Onyx Inc, founded in 2020, is a small nonprofit in the Youth Development sector that reported $103K in total revenue in fiscal year 2021. Revenue surged 2503% from the prior year, signaling strong growth momentum.

Mission

Work to eliminate the barriers faced by black and brown people in the pursuit of health and fitness

Program Service Accomplishments

Program 1
Expenses: $101,967 Revenue: $103,116

Provide schlorships for fitness activities, mentor 50 plus kids with free access to fitness and meals, provided opportunities for kids to participate in fitness programming and sponsorship in fitness...

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Provide schlorships for fitness activities, mentor 50 plus kids with free access to fitness and meals, provided opportunities for kids to participate in fitness programming and sponsorship in fitness competitions, helped get kids training in fitness education

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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 (2021)

Revenue Breakdown

Contributions & Grants $103,116
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,116

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,601
Fundraising Expenses $0
Program Expenses $101,967
Other Expenses $56,661
TOTAL EXPENSES $101,967

Year-over-Year Comparison

2021 2020 Change
Revenue $103,116 $3,962 +25.0%
Expenses $101,967 $2,062 +48.5%
Net Income $1,149 $1,900 -0.4%
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
6
Independent Members
N/A
Employees
3
Volunteers
10

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
$16,266
Total Directors
2
$16,266
Key Employees
1
$2,100
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick G Ford President 20.00
Officer Director
$8,133 $0 $8,133
Elijah Muhammad Vice President 20.00
Officer Director
$8,133 $0 $8,133
Jenvier Irambona Coach 5.00
Key Emp
$2,100 $0 $2,100
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
2021 $103,116 $101,967 No data $1,149
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