Parachute Project Inc (EIN 922748588) - 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

Principal Officer

Sampei Omichi

Tax Period

2024-01-01 to 2024-12-31

Parachute Project Inc is a small nonprofit in the Education sector that reported $226K in total revenue in fiscal year 2024. Expenses of $255K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Parachute Project program opens pathways for global talent to contribute to the United States economy by training the future U.S. workforce. We help global talent and their employers secure H-1B visas without the unpredictability of the lottery. At the heart of our mission are former international students and professionals. We believe they hold the key to enriching the U.S. education system for students across the country.

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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 $226,311

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,635

Fundraising Expenses $0

Program Expenses $254,649

Other Expenses $72,014

TOTAL EXPENSES $254,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,311	N/A	N/A
Expenses	$254,649	N/A	N/A
Net Income	$-28,338	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

N/A

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

$104,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donal Collins	Executive Dir.	40.00	Officer	$104,091	$0	$104,091
Sampei Omichi	President	0.00	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
2024	$226,311	$254,649	$27,015	$-28,338

Parachute Project Inc