PURPLE HEART PROJECT (EIN 882217122) - 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

LUTHER SHEALY

Phone

2533814113

Tax Period

2025-01-01 to 2025-12-31

PURPLE HEART PROJECT, founded in 2022, is a small nonprofit in the Employment sector that reported $422K in total revenue in fiscal year 2025. The organization ran a surplus of $92K, a strong 22% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO INTRODUCE COMBAT WOUNDED VETERANS STILL SUFFERING FROM THE NEGATIVE EFFECTS OF COMBAT TO THE JOY AND PEACE FOUND THROUGH THE THERAPY OF TRADITIONAL HAND TOOL WOODWORKING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $393,101

Program Service Revenue $0

Investment Income $3,790

Other Revenue $25,351

TOTAL REVENUE $422,242

Expense Breakdown

Grants Paid $283,364

Salaries & Benefits $0

Fundraising Expenses $2,128

Program Expenses $310,421

Other Expenses $46,883

TOTAL EXPENSES $330,247

Year-over-Year Comparison

	2025	2024	Change
Revenue	$422,242	$413,917	+0.0%
Expenses	$330,247	$300,362	+0.1%
Net Income	$91,995	$113,555	-0.2%

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

N/A

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
KEN ANTHONY	DIRECTOR	8.00	Director	$0	$0	$0
KENT BOYS	SECRETARY	8.00	Officer Director	$0	$0	$0
JACK LANE	DIRECTOR	20.00	Director	$0	$0	$0
BRENT NELSON	DIRECTOR	30.00	Director	$0	$0	$0
LUTHER SHEALY	PRESIDENT	60.00	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
2025	$422,242	$330,247	$336,211	$91,995
2024	$413,917	$300,362	$243,934	$113,555
2023	$279,588	$193,562	$131,432	$86,026

PURPLE HEART PROJECT