SUNSHINE PROJECTS FOUNDATION (EIN 854305777) - 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

ELMA GALIMBA

Phone

3015099248

Tax Period

2023-01-01 to 2023-12-31

SUNSHINE PROJECTS FOUNDATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $782K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 26% operating margin.

Mission

SUNSHINE PROJECTS INSPIRES YOUNG ADULTS WITH INTELLECTUAL DISABILITIES TO BECOME MORE CREATIVE, CONFIDENT, AND INDEPENDENT THROUGH A RANGE OF EDUCATIONAL AND CREATIVE PROGRAMS AND ACTIVITIES.

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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 $43,206

Program Service Revenue $738,237

Investment Income $190

Other Revenue $0

TOTAL REVENUE $781,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,504

Fundraising Expenses $2,166

Program Expenses $456,250

Other Expenses $428,283

TOTAL EXPENSES $575,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$781,633	$311,916	+1.5%
Expenses	$575,787	$325,501	+0.8%
Net Income	$205,846	$-13,585	-16.2%

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

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

$48,521

Total Directors

$48,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELMA GALIMBA	PRESIDENT	40.00	Officer Director	$43,313	$0	$43,313
EMILY HALM	SECRETARY	1.00	Officer Director	$5,208	$0	$5,208
JOHN FINBARR FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
GINGER HUSTON-LUDLAM	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA LOVEGROVE	TREASURER	1.00	Officer Director	$0	$0	$0
ERICA RAPIER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE RENZI	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$781,633	$575,787	$347,348	$205,846
2022	$311,916	$325,501	$48,021	$-13,585

SUNSHINE PROJECTS FOUNDATION