Project Belong Foundation (EIN 863539580) - 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

Paul Jin

Phone

2027016001

Tax Period

2024-01-01 to 2024-12-31

PROJECT BELONG FOUNDATION, founded in 2021, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2021. The organization ran a surplus of $3.4M, a strong 100% operating margin.

Mission

To support organizations that inspire, recruit and resource individuals within local churches in northern Virginia to care for vulnerable children.

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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 $0

Program Service Revenue $0

Investment Income $11,798

Other Revenue $0

TOTAL REVENUE $11,798

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,000

Other Expenses $19,308

TOTAL EXPENSES $269,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,798	$64,532	-0.8%
Expenses	$269,308	$166,837	+0.6%
Net Income	$-257,510	$-102,305	+1.5%

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

N/A

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
Bora Jin	Director	0.50	Director	$0	$0	$0
Peter Gibson	President	10.00	Officer Director	$0	$0	$0
Paul Jin	Secretary/Treasurer	3.00	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
2024	$11,798	$269,308	$3,372,133	$-257,510
2023	$64,532	$166,837	$3,114,164	$-102,305
2022	$27,918	$117,987	$2,550,056	$-90,069
2021	$3,443,473	$3,858	$3,574,639	$3,439,615

Project Belong Foundation