PROJECT INNERSPACE INC (EIN 873285334) - 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

2021

Legal Domicile

Principal Officer

JAMIE BEARD

Phone

2126971000

Tax Period

2023-01-01 to 2023-12-31

PROJECT INNERSPACE INC, founded in 2021, is a community nonprofit in the Environment sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 437% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 53% operating margin.

Mission

TO MAKE THE PRODUCTION OF CLEAN, ALWAYS ON GEOTHERMAL ENERGY POSSIBLE ANYWHERE IN THE WORLD BY 2030.

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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 $7,571,907

Program Service Revenue $0

Investment Income $14,469

Other Revenue $1,027

TOTAL REVENUE $7,587,403

Expense Breakdown

Grants Paid $1,055,337

Salaries & Benefits $731,680

Fundraising Expenses $190,942

Program Expenses $3,153,299

Other Expenses $1,802,535

TOTAL EXPENSES $3,589,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,587,403	$1,412,062	+4.4%
Expenses	$3,589,552	$711,618	+4.0%
Net Income	$3,997,851	$700,444	+4.7%

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

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

$240,000

Total Directors

$240,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE BEARD	PRESIDENT, SECRETARY, EXEC DIR	50.00	Officer Director	$240,000	$0	$240,000
KUMAR GARG	DIRECTOR	5.00	Director	$0	$0	$0
CAROLINE DE BOSSART LESTER	TREASURER	5.00	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	No data	No data	No data	No data
2023	$7,587,403	$3,589,552	$4,864,858	$3,997,851
2022	$1,412,062	$711,618	$762,291	$700,444

PROJECT INNERSPACE INC