Project Aware Inc

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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

2006

Legal Domicile

Principal Officer

Beverly Allisone

Tax Period

2023-01-01 to 2023-12-31

Project Aware Inc, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $108K exceeded revenue, resulting in a 57% operating deficit.

Mission

The organization runs a mens homeless shelter 7 days a week, offering lodging, showers, bathrooms, and telephone. In addition, the organization has a transitional low cost housing for unemployment men and independent affordable housing for low income individuals.

Program Service Accomplishments

Program 1

Expenses: $106,016

Dedicated to providing an opportunity for the homeless to improve there lives and progress to self-sufficiency and independent living. Operation of homeless shelter and low income housing for men.

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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 $2,020

Program Service Revenue $66,254

Investment Income $90

Other Revenue $0

TOTAL REVENUE $68,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,016

Other Expenses $107,531

TOTAL EXPENSES $107,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,364	$80,987	-0.2%
Expenses	$107,531	$119,944	-0.1%
Net Income	$-39,167	$-38,957	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Genoway	SecretaryTreasurer	2.00	Officer Director	$0	$0	$0
Beverly Allisone	President	2.00	Officer 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
2023	$68,364	$107,531	$1,036,267	$-39,167
2021	$116,689	$121,092	$1,122,984	$-4,403
2021	$116,689	$122,092	$1,121,984	$-5,403
2020	$96,083	$119,250	$1,134,025	$-23,167
2019	$86,725	$117,555	$1,174,334	$-30,830
2018	$75,462	$109,667	$1,209,827	$-34,205