PROJECT REDWOOD (EIN 883021934) - 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

J MICHAEL WATT

Phone

4154997619

Tax Period

2023-07-01 to 2024-06-30

PROJECT REDWOOD, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 12% surplus.

Mission

PROJECT REDWOOD'S MISSION IS TO PROVIDE FUNDING, EXPERTISE, AND CONNECTIONS TO SOCIAL ENTREPRENEURS WHO ADDRESS THE CHALLENGE OF GLOBAL POVERTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,488,751

Program Service Revenue $0

Investment Income $57,468

Other Revenue $0

TOTAL REVENUE $1,546,219

Expense Breakdown

Grants Paid $1,157,500

Salaries & Benefits $150,175

Fundraising Expenses $38,180

Program Expenses $1,206,392

Other Expenses $51,203

TOTAL EXPENSES $1,358,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,546,219	N/A	N/A
Expenses	$1,358,878	N/A	N/A
Net Income	$187,341	N/A	N/A

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
J MICHAEL WATT	CFO & ASS'T SECRETARY	17.00	Officer Director	$0	$0	$0
WILLIAM WESTWOOD	SECRETARY	3.00	Officer Director	$0	$0	$0
KENNETH INADOMI	DIRECTOR, BOARD CO-CHAIR	25.00	Officer Director	$0	$0	$0
BRAD SMITH	DIRECTOR	15.00	Director	$0	$0	$0
DONNA ALLEN	DIRECTOR	30.00	Director	$0	$0	$0
CAROLINE CAUFIELD	DIRECTOR	1.00	Director	$0	$0	$0
STACY WILLIAMS	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL FITZGERALD	DIRECTOR	4.00	Director	$0	$0	$0
LAURA FRATT	DIRECTOR	5.00	Director	$0	$0	$0
CAROL HEAD	DIRECTOR	15.00	Director	$0	$0	$0
WILLIAM B HOUSTON	TREASURER, DIRECTOR	10.00	Officer Director	$0	$0	$0
VIJAY RAGHUNATHAN	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA LINDSEY	PRESIDENT, BOARD CO-CHAIR	25.00	Officer Director	$0	$0	$0
GAIL SCHULZE	DIRECTOR	12.00	Director	$0	$0	$0
JORIAN WILKINS	DIRECTOR	1.00	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	$1,546,219	$1,358,878	$1,542,876	$187,341

PROJECT REDWOOD