ADVANCEMENT PROJECT EDUCATION FUND (EIN 874702350) - 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

2022

Legal Domicile

Principal Officer

MARGARET DE ARCANGELIS

Phone

2027289557

Tax Period

2024-01-01 to 2024-12-31

ADVANCEMENT PROJECT EDUCATION FUND, founded in 2022, is a community nonprofit in the Civil Rights & Advocacy sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

A NEXT GENERATION, MULTI-RACIAL CIVIL RIGHTS ORGANIZATION STRATEGIES TO STRENGTHEN SOCIAL MOVEMENTS AND ACHIEVE HIGH-IMPACT POLICY CHANGE.

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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 $5,197,735

Program Service Revenue $0

Investment Income $479,238

Other Revenue $-189,873

TOTAL REVENUE $5,487,100

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $5,352,710

Fundraising Expenses $1,189,580

Program Expenses $5,490,426

Other Expenses $1,536,192

TOTAL EXPENSES $6,895,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,487,100	$7,569,058	-0.3%
Expenses	$6,895,902	$8,529,121	-0.2%
Net Income	$-1,408,802	$-960,063	+0.5%

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

Volunteers

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

$484,436

Total Directors

Key Employees

$1,334,075

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASH-LEE HENDERSON	BOARD CHAIR	1.20	Officer Director	$0	$0	$0
JESSE WILLIAMS	VICE CHAIR	0.60	Officer Director	$0	$0	$0
STEPHEN ENGLISH	SECRETARY AND TREASURER	1.20	Officer Director	$0	$0	$0
JOSE ALVAREZ	BOARD DEVELOPMENT, CHAIR	0.80	Director	$0	$0	$0
MONICA CLARK	FUNDRAISING COMM, CHAIR	0.60	Director	$0	$0	$0
ARLENE HOLT-BAKER	FUNDRAISING COMMITTEE	0.80	Director	$0	$0	$0
BILL LANN LEE	LITIGATION COMM, CHAIR	0.60	Director	$0	$0	$0
DANIEL LEON-DAVIS	PUBLIC RELATIONS, CHAIR	0.60	Director	$0	$0	$0
UZOMA NKOWNTA	LITIGATION COMMITTEE	0.60	Director	$0	$0	$0
THOMASINA WILLIAMS	FINANCE COMMITTEE	0.60	Director	$0	$0	$0
NAT CHIOKE WILLIAMS	FINANCE COMMITTEE, CHAIR	0.60	Director	$0	$0	$0
PROF FRANITA TOLSON	LITIGATION COMMITTEE	0.60	Director	$0	$0	$0
AL LUCAS	FINANCE COMMITTEE	0.60	Director	$0	$0	$0
BROWNE DIANIS JUDITH	EXECUTIVE DIRECTOR	32.70	Officer	$342,554	$47,237	$389,791
DE ARCANGELIS MARGARET	CHIEF OPERATING OFFICER	40.00	Officer	$81,326	$13,319	$94,645
DAUGHERTY CARMEN	DEPUTY EXECUTIVE DIRECTOR	39.90	Key Emp	$196,102	$36,663	$232,765
DILLON JENNIFER	MANAGING DIRECTOR OF COMMUNICATIONS	35.00	Key Emp	$179,339	$25,413	$204,752
RYDER ANDI	MANAGING DIRECTOR OF DEVELOPMENT & FUNDRAISING	39.20	Key Emp	$179,194	$16,715	$195,909
MONTEIRO ANA	DIRECTOR OF FINANCE	37.70	Key Emp	$179,369	$9,320	$188,689
FERNANDEZ MARIA	MANAGING DIRECTOR OF CAMPAIGN STRATEGY	40.00	Key Emp	$168,904	$9,441	$178,345
GLENDALE CLARKSON	DIRECTOR OF OPERATIONS	40.00	Key Emp	$160,379	$0	$160,379
POWERS JOHN	DIRECTOR OF POWER AND DEMOCRACY	40.00	Key Emp	$152,831	$20,405	$173,236
TYLER WHITTENBERG	DEPUTY DIRECTOR, PROGRAMS	40.00	Highest	$141,411	$0	$141,411
JOYCELYN TAY ARTIS	HR MANAGER	40.00	Highest	$132,982	$0	$132,982
MATTHEW FOGELSON	SENIOR STAFF ATTORNEY	40.00	Highest	$130,837	$0	$130,837
JESSICA ALCANTARA	SENIOR STAFF ATTORNEY	40.00	Highest	$121,234	$0	$121,234
KATHERINE DUNN	PROGRAM DIRECTOR/SENIOR ATTORNEY	40.00	Highest	$114,902	$0	$114,902

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	$5,487,100	$6,895,902	$17,211,436	$-1,408,802
2023	$7,569,058	$8,529,121	$17,849,367	$-960,063
2022	$3,483,602	$4,110,184	$19,302,186	$-626,582

ADVANCEMENT PROJECT EDUCATION FUND