GOVERN FOR IMPACT

EIN: 161604341 501(c)(3) Education

BINGHAM FARMS, MI

Total Revenue
$206,004
Total Expenses
$181,028
Total Assets
$161,876
Net Assets
$69,792
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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
NY
Principal Officer
KAREN FRYDAY-FIELD
Phone
7342398002
Tax Period
2024-01-01 to 2024-12-31

GOVERN FOR IMPACT, founded in 2001, is a small nonprofit in the Education sector that reported $206K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $181K left a modest 12% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE OWNER-ACCOUNTABLE EFFECTIVE GOVERNANCE PRACTICES, ADVANCE THE UNDERSTANDING AND USE OF POLICY GOVERNANCE, AND ENCOURAGE THE DEVELOPMENT OF EMERGING GOVERNANCE SYSTEMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,121
Program Service Revenue $169,237
Investment Income $646
Other Revenue $0
TOTAL REVENUE $206,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,166
Other Expenses $181,028
TOTAL EXPENSES $181,028

Year-over-Year Comparison

2024 2023 Change
Revenue $206,004 $168,589 +0.2%
Expenses $181,028 $171,779 +0.1%
Net Income $24,976 $-3,190 -8.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA MCCARVER PAST CHAIR 1.25
Officer Director
$0 $0 $0
CHUCK NAMIT DIRECTOR 1.00
Director
$0 $0 $0
CHANTAL OULLETTE SECRETARY 1.50
Officer Director
$0 $0 $0
LINDSAY GRILLET DIRECTOR 1.25
Director
$0 $0 $0
ANDREW BERGEN CHAIR 1.50
Officer Director
$0 $0 $0
STEVE SCHROEDER VICE CHAIR 1.25
Officer Director
$0 $0 $0
ROB LEWIS DIRECTOR 1.00
Director
$0 $0 $0
RICK MALONEY DIRECTOR 1.00
Director
$0 $0 $0
MELLISSA D'ONOFRIO-JONES DIRECTOR 1.00
Director
$0 $0 $0
KAREN FRYDAY-FIELD CEO 35.00
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 $206,004 $181,028 $161,876 $24,976
2023 $168,589 $171,779 $82,091 $-3,190
2022 $171,970 $186,982 $84,341 $-15,012
2021 $147,180 $143,636 $91,196 $3,544
2020 $162,112 $166,536 $91,127 $-4,424
2019 $200,774 $195,230 $91,565 $5,544
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