PROJECT EVIDENT INC

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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

KELLY FITZSIMMONS

Phone

6176768056

Tax Period

2023-01-01 to 2023-12-31

PROJECT EVIDENT INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 995% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 57% operating margin.

Mission

PROJECT EVIDENT PROVIDES DATA ANALYSIS, EVALUATION TECHNICAL ASSISTANCE, TOOLS AND RESEARCH FOR THE PURPOSE OF IMPROVING SOCIAL AND EDUCATIONAL OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $2,212,060 Revenue: $1,026,073

IN 2023, PROJECT EVIDENT WORKED ON 59 ORGANIZATIONS ACROSS 62 ENGAGEMENTS. THE "EQUITABLE OUTCOMES WALLET" WORKED WITH 36 ORGANIZATIONS, THE "NONPROFIT & PHILANTHROPY PRACTICE" WORKED WITH 16...

IN 2023, PROJECT EVIDENT WORKED ON 59 ORGANIZATIONS ACROSS 62 ENGAGEMENTS. THE "EQUITABLE OUTCOMES WALLET" WORKED WITH 36 ORGANIZATIONS, THE "NONPROFIT & PHILANTHROPY PRACTICE" WORKED WITH 16 ORGANIZATIONS, AND THE "EDUCATION AGENCY PRACTICE" WORKED WITH 16 ORGANIZATIONS. IN 2023, THE ORGANIZATION DIRECTLY SERVED 146 PRACTITIONERS AND INDIRECTLY SUPPORTED MORE THAN 168,000 INDIVIDUALS. OUR LARGEST (BY DOLLAR AMOUNT) SINGULAR ENGAGEMENT WAS WITH "ELLIS EARLY LEARNING," FOR WHICH THE SCOPE OF WORK BEGAN ON 12/08/2023 AND INCLUDED CREATING A THEORY OF CHANGE AND LOGIC MODEL, MEASUREMENT FRAMEWORK, AND STRATEGIC EVIDENCE PLAN. PROJECT EVIDENT RECEIVED $50,000 FOR THAT WORK IN 2023, AND WILL RECEIVE AN ADDITION $49,000 IN 2024.

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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 $5,432,987

Program Service Revenue $1,026,073

Investment Income $0

Other Revenue $10,056

TOTAL REVENUE $6,469,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,425,157

Fundraising Expenses $15,901

Program Expenses $2,212,060

Other Expenses $1,358,057

TOTAL EXPENSES $2,783,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,469,116	$590,660	+10.0%
Expenses	$2,783,214	$148,789	+17.7%
Net Income	$3,685,902	$441,871	+7.3%

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

$206,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARCHIE JONES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL CARDINALI	SECRETARY	0.25	Officer Director	$0	$0	$0
MARK D'AGOSTINO	TREASURER	0.50	Officer Director	$0	$0	$0
RHONDA EVANS	DIRECTOR	0.50	Director	$0	$0	$0
SANDY PETTY	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SHOEMAKER	DIRECTOR	0.50	Director	$0	$0	$0
IDARA UMOH	DIRECTOR	0.50	Director	$0	$0	$0
KELLY FITZSIMMONS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$183,816	$22,935	$206,751
BI VUONG MANAGING	DIRECTOR & CHIEF IMPACT OFFICER	40.00	Highest	$135,474	$21,638	$157,112

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	No data	No data	No data	No data
2023	$6,469,116	$2,783,214	$4,298,374	$3,685,902
2022	$590,660	$148,789	$441,871	$441,871