BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
PROJECT INNERSPACE IS A 501(C)(3) NON-PROFIT COMMITTED TO ACCELERATING THE ENERGY TRANSITION BY EDUCATING THE PUBLIC AND RELEVANT INDUSTRIES ABOUT THE POTENTIAL FOR GEOTHERMAL ENERGY AS AN UNLIMITED, CARBON-NEUTRAL ENERGY SOURCE. IT SEEKS TO FACILITATE THE RESEARCH, DEVELOPMENT AND TRANSFER OF TECHNOLOGY AND SKILLS TO ENABLE WIDESPREAD AND RAPID ADOPTION OF GEOTHERMAL ENERGY BY 2030. ENERGY USE WORLDWIDE IS EXPECTED TO DOUBLE BY 2050. AT THE SAME TIME, THE GLOBAL COMMUNITY SEEKS TO DECARBONIZE. TO MEET BOTH THESE GOALS, WE MUST TRANSITION AWAY FROM OIL AND GAS WHILE INCORPORATING MORE RENEWABLE RESOURCES INTO THE ENERGY MIX. ON ITS CURRENT TRAJECTORY, WIND, SOLAR, NUCLEAR AND HYDROPOWER WILL NOT BE ABLE TO MEET THE WORLD'S GROWING ENERGY DEMANDS. AT PROJECT INNERSPACE, WE SEEK TO LEVERAGE THE TECHNOLOGY AND SKILLS DEVELOPED BY THE OIL AND GAS INDUSTRY TO UNLOCK THE POTENTIAL OF GEOTHERMAL ENERGY AS A RELIABLE, AFFORDABLE, ACCESSIBLE, SUSTAINABLE, AND UNLIMITED ENERGY CHOICE. PROJECT INNERSPACE SEEKS TO MEET ITS MISSION GOALS BY ELIMINATING THE BARRIERS TO SCALABLE GEOTHERMAL ENERGY. CURRENT PROJECTS INCLUDE GEOMAP, PIVOT + GEOTHERMAL HOUSE, AND GEODE, AMONG OTHERS.
PROJECT INNERSPACE FACILITATES, THROUGH GRANTS TO A GLOBAL TEAM OF EXPERTS, THE RESEARCH AND DEVELOPMENT OF GEOMAP, A GEOTHERMAL AND RESOURCE PROSPECT MAP THAT WILL HELP STAKEHOLDERS WORLDWIDE...
PROJECT INNERSPACE FACILITATES, THROUGH GRANTS TO A GLOBAL TEAM OF EXPERTS, THE RESEARCH AND DEVELOPMENT OF GEOMAP, A GEOTHERMAL AND RESOURCE PROSPECT MAP THAT WILL HELP STAKEHOLDERS WORLDWIDE MINIMIZE THE RISKS ASSOCIATED WITH ACCESSING APPROPRIATE GEOTHERMAL RESOURCES. GEOMAP DEBUTED IN DUBAI IN NOVEMBER 2023 WITH THE RELEASE OF ITS AFRICA DATA MODULE. THE NORTH AMERICA MODULE, RELEASED IN JUNE 2024, INCLUDED MORE THAN 150 LAYERS OF SUBSURFACE AND SURFACE DATA, AND A USER-FRIENDLY TOOL TO ALLOW STAKEHOLDERS TO EXPLORE AND EVALUATE GEOTHERMAL DEVELOPMENT OPPORTUNITIES. MODULES FOR INDIA AND INDONESIA ARE EXPECTED TO LAUNCH IN 2024, FOLLOWED BY BRAZIL IN EARLY 2025.
PIVOT: PROJECT INNERSPACE SEEKS TO EDUCATE THE PUBLIC, STAKEHOLDERS AND POLICY MAKERS ON BOTH THE VIRTUES OF GEOTHERMAL ENERGY AND THE CHALLENGES THAT MUST BE ADDRESSED TO ENABLE ITS WIDESPREAD AND...
PIVOT: PROJECT INNERSPACE SEEKS TO EDUCATE THE PUBLIC, STAKEHOLDERS AND POLICY MAKERS ON BOTH THE VIRTUES OF GEOTHERMAL ENERGY AND THE CHALLENGES THAT MUST BE ADDRESSED TO ENABLE ITS WIDESPREAD AND RAPID ADOPTION THROUGH EDUCATIONAL CONFERENCES, SYMPOSIA AND PUBLIC-FACING EVENTS. PIVOT, NOW IN ITS FIFTH YEAR, BRINGS TOGETHER THOUGHT LEADERS, CHANGE MAKERS, TECHNICAL EXPERTS AND INDUSTRY TO SHARE THE LATEST DEVELOPMENTS IN GEOTHERMAL RESEARCH AND DEVELOPMENT AND TO ENCOURAGE COLLABORATION WITH THE GOAL OF ACCELERATING GEOTHERMAL DEVELOPMENT AS AN ENERGY SOURCE. PIVOT2023 ADOPTED A NEW FORMAT FROM PRIOR YEARS, FEATURING HUNDREDS OF SPEAKERS ACROSS BOTH VIRTUAL CONTENT AND IN PERSON CONFERENCES AROUND THE GLOBE INCLUDING GATHERINGS IN THE HAGUE, NETHERLANDS, ABERDEEN, UNITED KINGDOM, LADAKH, INDIA, BOGOTA, COLOMBIA, NAIROBI, KENYA, AND CALGARY, CANADA WITH ADDITIONAL ECOSYSTEM SPOTLIGHTS FOCUSED ON CHINA, ICELAND, THE MIDDLE EAST, AND NIGERIA. LEANING INTO THE YEAR'S THEME, BUILDING BRIDGES, PIVOT2023 WAS HOSTED IN PARTNERSHIP WITH THE WORLD GEOTHERMAL CONGRESS, GEOTHERMAL RISING, AND THE SOCIETY OF PETROLEUM ENGINEERS, ALONG WITH MORE THAN TWENTY LOCAL PARTNERS, INCLUDING PROFESSIONAL AND INDUSTRY ASSOCIATIONS. DURING THE FINAL WEEK OF PIVOT2023, A FULL DAY OF SESSIONS WERE BROADCAST LIVE FROM THE GEOTHERMAL RISING CONFERENCE IN RENO, NEVADA. THE PIVOT2023 FINALE TOOK PLACE IN HOUSTON, TEXAS WITH A MOVING SET OF SESSIONS BROADCAST FROM HALLIBURTON HEADQUARTERS, FEATURING THOUGHT LEADERS WHO ARE BUILDING THE FUTURE OF GEOTHERMAL ENERGY FROM GOVERNMENT, STARTUPS, NONPROFITS, AND THE OIL AND GAS INDUSTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare PROJECT INNERSPACE INC with other nonprofits in Massachusetts and across the country.