PROJECT ECHO

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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

1996

Legal Domicile

Principal Officer

DIANE QUAST

Phone

4242143850

Tax Period

2022-01-01 to 2022-12-31

PROJECT ECHO, founded in 1996, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $215K left a modest 11% surplus.

Mission

PROJECT E.C.H.O. EMPOWERS STUDENTS BY TEACHING ENTREPRENEURIAL AND LEADERSHIP SKILLS SO THAT THEY CAN THRIVE IN COLLEGE, THEIR CAREERS, AND IN THEIR COMMUNITY AS CHANGE-MAKERS.

Program Service Accomplishments

Program 1

Expenses: $55,300 Revenue: $21,923

LAUNCHING ECHO ENROLLED 162 HIGH SCHOOL TEENS FROM 61 DIFFERENT HIGH SCHOOLS AND 285 MIDDLE SCHOOL STUDENTS FROM 15 DIFFERENT MIDDLE SCHOOLS, ALL OF WHOM PARTICIPATED IN A CLASSROOM BASED...

LAUNCHING ECHO ENROLLED 162 HIGH SCHOOL TEENS FROM 61 DIFFERENT HIGH SCHOOLS AND 285 MIDDLE SCHOOL STUDENTS FROM 15 DIFFERENT MIDDLE SCHOOLS, ALL OF WHOM PARTICIPATED IN A CLASSROOM BASED INTRODUCTION TO ENTREPRENEURSHIP AND CULMINATED IN VIBRANT AND VIRTUAL CAPSTONE EVENTS. HIGH SCHOOL STUDENTS DEVELOPED WRITTEN BUSINESS PLANS AND PITCH DECKS IN PREPARATION FOR THEIR PARTICIPATION IN THE HIGH SCHOOL ENTREPRENEURS BUSINESS PLAN COMPETITION. MIDDLE SCHOOL STUDENTS DEVELOPED PRESENTATION DECKS AND PRESENTED THEIR PITCH VIRTUALLY TO PANELS OF JUDGES. WINNING TEAMS WERE AWARDED MEDAL LANYARDS. (600 VOLUNTEER/MENTOR HOURS). LAUNCHING ECHO GENERALLY CHARGES PUBLIC SCHOOLS 50% OF THE ACTUAL COST TO PARTICIPATE AND ECHO RAISES THE DIFFERENCE TO ALLOW SCHOOLS TO PARTICIPATE. STUDENTS ARE NOT CHARGED.

Program 2

Expenses: $129,033 Revenue: $166,810

TEEN INNOVATION AND ENTREPRENEURSHIP SUMMER (TIES) ENROLLED MORE THAN 220 HIGH SCHOOL STUDENTS FROM 13 DIFFERENT HIGH SCHOOLS. TEENS PARTICIPATED IN A VIRTUAL SUMMER PROGRAM THAT TAUGHT STUDENTS HOW TO IDEATE AND CREATE A BUSINESS AND CULMINATED IN A VIRTUAL SHOWCASE EVENT WHERE TEENS PRESENTED THEIR PITCH DECKS. (120 VOLUNTEER/MENTORHOURS). TIES IS GENERALLY A CONTRACTED PROGRAM AND CLIENTS ARE CHARGED FULL PRICE FOR THE PROGRAM, WHICH INCLUDES LICENSING FEES, TEACHER PROFESSIONAL DEVELOPMENT, AND ON-GOING MENTORSHIP AND SUPPORT. IT INCLUDES LOS ANGELES UNIFIED SCHOOL DISTRICT, ALONG WITH OTHER CONTRACTED ORGANIZATIONS. IN SOME CASES, PROJECT ECHO PROVIDES TEACHERS TO LEAD CLASSROOM BASED INSTRUCTION, AND WE INCUR EXPENSES, INCLUDING CURRICULUM DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $53,282

Program Service Revenue $188,733

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,515

Fundraising Expenses $11,065

Program Expenses $184,333

Other Expenses $42,524

TOTAL EXPENSES $215,039

Year-over-Year Comparison

	2022	2021	Change
Revenue	$242,015	$312,158	-0.2%
Expenses	$215,039	$103,421	+1.1%
Net Income	$26,976	$208,737	-0.9%

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

350

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

$60,363

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
MILES WARREN	DIRECTOR	4.00	Officer Director	$0	$0	$0
LEE FOX	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DAVID TOKOFSKY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT FENNEL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KRAVITZ	SECRETARY	4.00	Officer Director	$0	$0	$0
PER SJOFORS	TREASURER	4.00	Officer Director	$0	$0	$0
DIANE QUAST	EXECUTIVE DIRECTOR	20.00	Officer	$60,363	$0	$60,363

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
2022	$242,015	$215,039	$392,621	$26,976
2021	$297,408	$141,648	$157,741	$155,760
2021	$312,158	$103,421	$392,238	$208,737