PROJECT CANARY FOUNDATION

EIN: 882861910 501(c)(3)

DENVER, CO

Total Revenue
$36,000
Total Expenses
$20,000
Total Assets
$2,282
Net Assets
$2,282
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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
CO
Principal Officer
CHRIS ROMER
Phone
4159448215
Tax Period
2023-01-01 to 2023-12-31

PROJECT CANARY FOUNDATION, founded in 2022, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 44% operating margin.

Mission

THE PROJECT CANARY FOUNDATION IS DEDICATED TO PLUGGING ABANDONED OIL AND GAS WELLS TO MAKE A MEASURABLE IMPACT ON THE COURSE OF CLIMATE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $36,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,000
Other Expenses $20,000
TOTAL EXPENSES $20,000

Year-over-Year Comparison

2023 2022 Change
Revenue $36,000 $10,000 +2.6%
Expenses $20,000 $23,718 -0.2%
Net Income $16,000 $-13,718 -2.2%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS ROMER PRESIDENT 1.00
Officer
$0 $0 $0
TIM ROMER TREASURER 1.00
Officer
$0 $0 $0
WILL FOILES SECRETARY 1.00
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
2023 $36,000 $20,000 $2,282 $16,000
2022 $10,000 $23,718 $2,501 $-13,718
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