PROJECT 412 (EIN 883176887) - 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

MARK FRITZ

Phone

2188444221

Tax Period

2024-01-01 to 2024-12-31

PROJECT 412, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROJECT 412'S MISSION IS TO ELEVATE THE CULTURAL AND ECONOMIC VIBRANCY OF THE 412 LAKES AREA BY FOSTERING A DYNAMIC ENVIRONMENT WHERE ART, MUSIC, GARDENS, TRAILS, AND BUSINESS INTERSECT TO BUILD A STRONGER, HEALTHIER, AND MORE CONNECTED COMMUNITY. TOGETHER, EVERYTHING WE DO SUPPORTS COMMUNITY BUILDING, ENHANCES SOCIAL CONNECTIONS, AND IMPROVES MENTAL HEALTH BY PROVIDING INDIVIDUALS WITH SPACES TO RELAX, REFLECT, AND ENGAGE WITH OTHERS IN MEANINGFUL WAYS.

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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 $1,239,052

Program Service Revenue $0

Investment Income $5,237

Other Revenue $47,078

TOTAL REVENUE $1,291,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,365

Fundraising Expenses $100,057

Program Expenses $1,384,771

Other Expenses $1,345,174

TOTAL EXPENSES $1,597,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,291,367	$1,011,983	+0.3%
Expenses	$1,597,539	$574,555	+1.8%
Net Income	$-306,172	$437,428	-1.7%

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

150

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

$153,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY STEARNS	EXECUTIVE DI	40.00	Officer	$105,000	$0	$105,000
MICHELLE MAIER	VP OPERATION	30.00	Officer	$48,960	$0	$48,960
SCOTT D BUSKER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ERIC FLYEN	TREASURER	N/A	Officer Director	$0	$0	$0
MARK FRITZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHARLES SEUNTJENS	SECRETARY	N/A	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
2024	$1,291,367	$1,597,539	$240,924	$-306,172
2023	$1,011,983	$574,555	$549,230	$437,428
2022	$272,500	$84,123	$191,341	$188,377

PROJECT 412