THE DESCENDANTS PROJECT (EIN 853094098) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

DR JOY BANNER

Phone

2252060257

Tax Period

2023-01-01 to 2023-12-31

THE DESCENDANTS PROJECT, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2022. Revenue surged 590% from the prior year, signaling strong growth momentum. The organization ran a surplus of $818K, a strong 62% operating margin.

Mission

THE DESCENDANTS PROJECT AIMS TO CHAMPION THE VOICE OF THE BLACK DESCENDANT COMMUNITY WHILE DEMANDING ACTION THAT SUPPORTS THEIR TOTAL WELL-BEING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,796,388

Program Service Revenue $0

Investment Income $28

Other Revenue $3,986

TOTAL REVENUE $1,800,402

Expense Breakdown

Grants Paid $2,255

Salaries & Benefits $388,964

Fundraising Expenses $0

Program Expenses $538,590

Other Expenses $249,032

TOTAL EXPENSES $640,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,800,402	$1,319,156	+0.4%
Expenses	$640,251	$501,532	+0.3%
Net Income	$1,160,151	$817,624	+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

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

$210,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCEIA BANNER	VICE PRESIDENT	40	Officer Highest	$105,416	$0	$105,416
JOCYNTIA BANNER	PRESIDENT	40	Officer	$105,416	$0	$105,416
NATALIE KING PEDROSO	DIRECTOR	1	Director	$0	$0	$0
HARRIET BANNER	SECRETARY	1	Officer	$0	$0	$0
WILLIAM BANNER	TREASURER	1	Officer	$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	No data	No data	No data	No data
2023	$1,800,402	$640,251	$2,242,934	$1,160,151
2022	$1,319,156	$501,532	$988,988	$817,624

THE DESCENDANTS PROJECT