GREENLIGHT FUND INC (EIN 200407083) - 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

2003

Legal Domicile

Principal Officer

ALI KNIGHT

Phone

6179128983

Tax Period

2024-01-01 to 2024-12-31

GREENLIGHT FUND INC, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $15.3M in total revenue in fiscal year 2024. Net assets of $56.5M represent 44 months of operating reserves.

Mission

THE GREENLIGHT FUND TRANSFORMS THE LIVES OF CHILDREN AND FAMILIES IN HIGH-POVERTY URBAN AREAS BY CREATING INFRASTRUCTURE AND A CONSISTENT ANNUAL PROCESS IN CITIES TO IDENTIFY CRITICAL NEEDS, IMPORT INNOVATIVE ENTREPRENEURIAL PROGRAMS THAT CAN HAVE A SIGNIFICANT AND MEASURABLE IMPACT, AND GALVANIZE LOCAL AND NATIONAL SUPPORT TO HELP PROGRAMS REACH AND SUSTAIN IMPACT IN THE NEW CITY.

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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 $14,293,479

Program Service Revenue $0

Investment Income $1,371,343

Other Revenue $-379,031

TOTAL REVENUE $15,285,791

Expense Breakdown

Grants Paid $4,571,296

Salaries & Benefits $8,064,524

Fundraising Expenses $610,539

Program Expenses $12,500,358

Other Expenses $2,604,649

TOTAL EXPENSES $15,240,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,285,791	$14,905,436	+0.0%
Expenses	$15,240,469	$12,511,459	+0.2%
Net Income	$45,322	$2,393,977	-1.0%

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

455

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

$575,849

Total Directors

$388,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALI KNIGHT	CEO (AS OF 5/2024)	40.00	Officer Director	$187,666	$8,452	$196,118
MARGARET HALL	CEO (UNTIL 3/31/24)	40.00	Officer Director	$176,554	$16,073	$192,627
JOHN SIMON	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
TIM PALMER	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CARTTAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE JOLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC KOZIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE LOVETT	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRY SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL GOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAT ROSQUETA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM EBLING	BOARD MEMBER	1.00	Director	$0	$0	$0
JUMA CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
IRFAN ALIBHAI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CONNAUGHTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICIA ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAIR MOSLEY	BOARD MEMBER (AS OF 3/24)	1.00	Director	$0	$0	$0
SCOTT PERPER	BOARD MEMBER (AS OF 6/24)	1.00	Director	$0	$0	$0
MADHUMITA CHAKRABARTTI	VP, FINANCE & OPERATIONS	40.00	Officer	$171,486	$15,618	$187,104
CASEY JOHNSON	VP, NATIONAL PORTFOLIO & LEARNING	40.00	Highest	$199,931	$5,535	$205,466
MELISSA LUNA	VP OF SITE SUCCESS & BOSTON ED	40.00	Highest	$190,977	$16,378	$207,355
KATHERINE SCHWASS	VP OF SITE SUCCESS & BAY AREA ED	40.00	Highest	$186,542	$9,317	$195,859
RYANN DENHAM DEVENEY	VP, DEVELOPMENT AND EXPANSION	40.00	Highest	$184,458	$23,045	$207,503
ROBERT MAYS	VP, PEOPLE, EQUITY & CULTURE	40.00	Highest	$171,488	$31,680	$203,168

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	$15,285,791	$15,240,469	$57,141,523	$45,322
2023	$14,905,436	$12,511,459	$56,201,018	$2,393,977
2022	$21,472,030	$9,836,176	$52,683,189	$11,635,854
2021	$25,826,646	$7,663,676	$42,352,502	$18,162,970
2020	$9,867,967	$6,489,939	$23,880,758	$3,378,028
2019	$10,476,606	$5,411,783	$20,753,417	$5,064,823
2018	$12,468,745	$4,740,102	$15,546,679	$7,728,643

GREENLIGHT FUND INC