Project Belong VA (EIN 861345729) - 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

2021

Legal Domicile

Principal Officer

Chris Seaton

Phone

7038958484

Tax Period

2024-07-01 to 2025-06-30

Project Belong VA, founded in 2021, is a small nonprofit in the Human Services sector that reported $344K in total revenue in fiscal year 2021. Revenue surged 406% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 15% operating margin.

Mission

Project Belong equips churches to minster to families and vulnerable children involved in foster care, adoption and kinship care.

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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 (2024)

Revenue Breakdown

Contributions & Grants $892,594

Program Service Revenue $4,073

Investment Income $14

Other Revenue $0

TOTAL REVENUE $896,681

Expense Breakdown

Grants Paid $44,040

Salaries & Benefits $710,345

Fundraising Expenses $38,186

Program Expenses $726,605

Other Expenses $165,033

TOTAL EXPENSES $919,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,681	$704,447	+0.3%
Expenses	$919,418	$690,488	+0.3%
Net Income	$-22,737	$13,959	-2.6%

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

1215

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

$107,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Seaton	Executive Director/Secretary	40.00	Officer	$104,750	$3,143	$107,893
Jedd Medefind	Director	0.25	Director	$0	$0	$0
Paul Jin	Direcor	0.25	Director	$0	$0	$0
Carlos Dourado	Treasurer	0.25	Officer Director	$0	$0	$0
Bora Jin	President	0.25	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
2025	$896,681	$919,418	$125,771	$-22,737
2024	$704,447	$690,488	$153,002	$13,959
2023	$349,895	$459,437	$137,614	$-109,542
2022	$344,136	$291,475	$244,481	$52,661

Project Belong VA