GINGER COVE FOUNDATION INC (EIN 113656031) - 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

2002

Legal Domicile

Principal Officer

CHARLES WARNER

Phone

4102667300

Tax Period

2024-07-01 to 2025-06-30

GINGER COVE FOUNDATION INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $314K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $141K, a strong 45% operating margin.

Mission

TO CREATE A "MARGIN OF EXCELLENCE" TO BENEFIT GINGER COVE RESIDENTS.

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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 $198,449

Program Service Revenue $0

Investment Income $115,128

Other Revenue $0

TOTAL REVENUE $313,577

Expense Breakdown

Grants Paid $31,269

Salaries & Benefits $0

Fundraising Expenses $141,377

Program Expenses $31,269

Other Expenses $141,377

TOTAL EXPENSES $172,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,577	$664,792	-0.5%
Expenses	$172,646	$264,665	-0.3%
Net Income	$140,931	$400,127	-0.6%

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

N/A

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

$391,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ODENWALD	ALC REPRESENTATIVE (UNTIL 12/4/24)	2.00	Director	$0	$0	$0
SUE WARD	ALC REPRESENTATIVE (SINCE 12/5/24)	2.00	Director	$0	$0	$0
KAREN COFFMAN	ALC REPRESENTATIVE	2.00	Director	$0	$0	$0
DONALD ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA BLAXALL	DIRECTOR	2.00	Director	$0	$0	$0
D RAY FISHER	CEO (UNTIL 3/31/25)	2.00	Officer	$0	$9,712	$333,921
CHARLES WARNER	CEO (SINCE 2/24/25)	2.00	Officer	$0	$0	$0
WILLIAM E GIBSON JR	CFO	2.00	Officer	$0	$2,172	$57,496

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	$313,577	$172,646	$3,764,292	$140,931
2024	No data	No data	No data	No data
2023	$467,554	$313,663	$3,108,192	$153,891
2022	$490,441	$388,869	$2,556,906	$101,572
2021	$181,328	$212,759	$2,663,338	$-31,431
2020	$497,309	$1,057,731	$2,323,457	$-560,422
2019	$614,015	$353,558	$3,013,576	$260,457
2018	$870,367	$776,925	$2,707,795	$93,442

GINGER COVE FOUNDATION INC