GREY2K USA WORLDWIDE INC (EIN 043554776) - 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

2001

Legal Domicile

Principal Officer

CHRISTINE A DORCHAK

Phone

7814883526

Tax Period

2024-01-01 to 2024-12-31

GREY2K USA WORLDWIDE INC, founded in 2001, is a small nonprofit in the Animal-Related sector that reported $739K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 37% operating deficit.

Mission

GREY2K USA WORLDWIDE, INC. WORKS TO PASS STRONGER GREYHOUND PROTECTION LAWS AND TO END THE CRUELTY OF DOG RACING THROUGH THE LEGISLATIVE PROCESS. THE ORGANIZATION ALSO PROMOTES THE RESCUE AND ADOPTION OF EX-RACING GREYHOUNDS.

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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 $713,044

Program Service Revenue $0

Investment Income $25,628

Other Revenue $0

TOTAL REVENUE $738,672

Expense Breakdown

Grants Paid $22,051

Salaries & Benefits $392,375

Fundraising Expenses $92,120

Program Expenses $866,782

Other Expenses $594,308

TOTAL EXPENSES $1,008,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$738,672	$791,844	-0.1%
Expenses	$1,008,734	$1,032,264	0.0%
Net Income	$-270,062	$-240,420	+0.1%

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

3000

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

$76,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM GREY	DIRECTOR	2.00	Director	$0	$0	$0
CHARMAINE SETTLE	DIRECTOR	2.00	Director	$0	$0	$0
KELLY DRISCOLL	DIRECTOR	2.00	Director	$0	$0	$0
MASSIMO GRECO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE A DORCHAK	PRESIDENT	60.00	Officer	$76,150	$0	$76,150
JAY KIRKUS	SECRETARY	10.00	Officer	$0	$0	$0
ERIC JACKSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
SHERRY MANGOLD	TREASURER	3.00	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
2024	$738,672	$1,008,734	$1,363,398	$-270,062
2023	$791,844	$1,032,264	$1,668,826	$-240,420
2022	$1,756,779	$973,313	$1,705,194	$783,466
2021	$1,085,502	$915,638	$982,585	$169,864
2021	$1,017,067	$915,638	$889,150	$101,429
2020	$1,111,317	$856,442	$769,442	$254,875
2020	$1,136,317	$856,442	$794,442	$279,875
2019	$1,083,356	$678,862	$516,226	$404,494
2018	$1,248,893	$1,389,775	$112,398	$-140,882

GREY2K USA WORLDWIDE INC