PROJECT UNDERSTANDING

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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

1977

Legal Domicile

Phone

8056521326

Tax Period

2024-07-01 to 2025-06-30

PROJECT UNDERSTANDING, founded in 1977, is a small nonprofit that reported $378K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $518K exceeded revenue, resulting in a 37% operating deficit.

Mission

PROJECT UNDERSTANDING MISSION - TO TRANSFORM LIVES AND EMPOWER INDEPENDENCE BY PROVIDING RESOURCES TO THE MOST AT RISK IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $280,873

PANTRY - THE FOOD PANTRY IS STRUCTURED TO HELP PEOPLE IN NEED MAKE IT THROUGH TOUGH TIMES BY ASSISTING WITH FOOD.

Program 2

Expenses: $70,003

TUTORING - PROVIDES EXTRA INSTRUCTION FOR STUDENTS IN K-5TH GRADES. THERE ARE 12 SITES THROUGHOUT VENTURA COUNTY.

Program 3

Expenses: $50,182

H2H - HOMELESS 2 HOME FOCUSES ON BUILDING RELATIONSHIPS AND SUPPORTING CHRONICALLY HOMELESS INDIVIDUALS WHO HAVE TRIED TRADITIONAL MEANS OF ACQUIRING HOUSING, YET REMAIN HOMELESS. THIS INCLUDES...

H2H - HOMELESS 2 HOME FOCUSES ON BUILDING RELATIONSHIPS AND SUPPORTING CHRONICALLY HOMELESS INDIVIDUALS WHO HAVE TRIED TRADITIONAL MEANS OF ACQUIRING HOUSING, YET REMAIN HOMELESS. THIS INCLUDES ASSESSMENT OF THEIR HEALTH, FINANCIAL OPTIONS, PERSONAL GOALS AND SUPPORT SYSTEM.

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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 $384,043

Program Service Revenue $0

Investment Income $-1,043

Other Revenue $-5,288

TOTAL REVENUE $377,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,614

Fundraising Expenses $0

Program Expenses $449,665

Other Expenses $172,453

TOTAL EXPENSES $518,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,712	$247,330	+0.5%
Expenses	$518,067	$669,685	-0.2%
Net Income	$-140,355	$-422,355	-0.7%

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

300

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

$158,036

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDY BEESLEY	Executive Direc	40.00	Director	$158,036	$0	$158,036
CECILIA ADAME	Director	0.00	Director	$0	$0	$0
CRUZ GARCIA	Director	0.00	Director	$0	$0	$0
SALENA BRACAMONTES	Director	0.00	Director	$0	$0	$0
MARIAN EVEREST	Secretary	0.00	Officer	$0	$0	$0
JERRY JEFFERIES	President	0.00	Officer	$0	$0	$0
EDGAR SANTOS	Treasurer	0.00	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
2025	No data	No data	No data	No data
2025	$377,712	$518,067	$114,721	$-140,355
2024	$247,330	$669,685	$257,448	$-422,355
2023	$239,595	$700,888	$680,195	$-461,293
2022	$373,486	$671,684	$1,143,945	$-298,198
2021	$1,671,359	$656,205	$1,514,025	$1,015,154
2020	$668,668	$649,673	$713,757	$18,995
2019	$774,028	$645,084	$648,887	$128,944
2018	$539,268	$581,268	$564,190	$-42,000