PROJECT 114 (EIN 882299501) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

Simon Rattray

Phone

2832277678

Tax Period

2024-01-01 to 2024-12-31

PROJECT 114, founded in 2022, is a small nonprofit in the Religion sector that reported $437K in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $295K, a strong 68% operating margin.

Mission

Project114 is a "human care package ministry" equipping pastors and under siege churches in persecution, crisis, and war, with practical and spiritual tools for personal, community and country transformation. We do this through trauma recovery, art therapy, and reconciliation and resilience resources. We provide consulting services and discernment to entrepreneurs and business leaders seeking to use their time, talents, and resources in a manner consistent with their personal beliefs.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $261,351

Program Service Revenue $175,000

Investment Income $180

Other Revenue $0

TOTAL REVENUE $436,531

Expense Breakdown

Grants Paid $136,944

Salaries & Benefits $0

Fundraising Expenses $1,726

Program Expenses $139,385

Other Expenses $4,917

TOTAL EXPENSES $141,861

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,531	$177,349	+1.5%
Expenses	$141,861	$180,329	-0.2%
Net Income	$294,670	$-2,980	-99.9%

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
Simon Rattray	President & CEO	30.00	Officer Director Key Emp	$0	$0	$0
Gregory Bergethon	Secretary & Treasurer	1	Officer Director	$0	$0	$0
Bill Koeblitz	Board Member	1	Director	$0	$0	$0
Luke Kubasek	Board Member	0.1	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	No data	No data	No data	No data
2024	$436,531	$141,861	$314,282	$294,670

PROJECT 114