WRAP PROJECT INC (EIN 881193141) - 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

TERRI GARRETT

Phone

9182014333

Tax Period

2024-01-01 to 2024-12-31

WRAP PROJECT INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum.

Mission

WRAP PROJECT INC. IS DEDICATED TO INCREASING ACCESS TO TRANSPORTATION, HEALTHY FOODS, HEALTH CARE, LITERACY, PROTECTIVE FACTORS, CULTURE, SUBSTANCE ABUSE PREVENTION, EDUCATION, TRAINING, CAREER DEVELOPMENT, COMMUNITY RESOURCES, POVERTY, DRUG ABUSE, RECOVERY, SUICIDE PREVENTION, K

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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 $1,246,263

Program Service Revenue $170,461

Investment Income $0

Other Revenue $20,690

TOTAL REVENUE $1,437,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,250

Fundraising Expenses $0

Program Expenses $1,389,026

Other Expenses $563,062

TOTAL EXPENSES $1,457,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,437,414	$615,175	+1.3%
Expenses	$1,457,312	$500,366	+1.9%
Net Income	$-19,898	$114,809	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD TODD RIGGS	PRESIDENT	5.00	Officer	$0	$0	$0
DOWER COMBS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TERRI GARRETT	EXECUTIVE DIRECTOR	40.00	Officer Key Emp	$0	$0	$0
VAL DOBBINS	SECRETARY	2.00	Officer	$0	$0	$0
JACK THORP	TREASURER	4.00	Officer	$0	$0	$0
KELLY CAMBELL	SPECIAL PROJECTS OFFICER	5.00	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	$1,437,414	$1,457,312	$742,494	$-19,898
2023	$615,175	$500,366	$438,996	$114,809

WRAP PROJECT INC