PROJECT FOUNDED INCORPORATED

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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

2021

Legal Domicile

Principal Officer

SANDRO OLIVIERI

Phone

2403813287

Tax Period

2024-01-01 to 2024-12-31

PROJECT FOUNDED INCORPORATED, founded in 2021, is a micro nonprofit that reported $130 in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 2300% operating deficit.

Mission

TO BRINGING ABOUT EQUITABLE LEARNING OUTCOMES FOR ALL LEARNERS BY REMOVING BARRIERS TO EDTECH INNOVATION AND ADOPTION

Program Service Accomplishments

Program 1

Expenses: $3,120 Revenue: $130

THE ORGANIZATION WAS FORMED TO ACHIEVE EQUITABLE EDUCATIONAL OUTCOMES FOR ALL LEARNERS BY ENCOURAGING THE INNOVATION AND ADOPTION OF EDUCATION TECHNOLOGY

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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 (2024)

Revenue Breakdown

Contributions & Grants $130

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,120

Other Expenses $3,120

TOTAL EXPENSES $3,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130	$328	-0.6%
Expenses	$3,120	$116,376	-1.0%
Net Income	$-2,990	$-116,048	-1.0%

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

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
AMY MANDRIER	COO	40.00	Officer	$0	$0	$0
JOANNA SMITH	BOARD OF DIR	10.00	Director	$0	$0	$0
SANDRO OLIVIERI	CEO	40.00	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	$130	$3,120	No data	$-2,990
2023	$328	$116,376	$2,990	$-116,048
2022	$122,652	$286,169	$118,793	$-163,517
2021	$400,000	$117,445	$297,555	$282,555