Ginungagap Foundation (EIN 201402909) - 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

2004

Legal Domicile

Principal Officer

Michael Davis

Phone

4159544400

Tax Period

2024-01-01 to 2024-12-31

Ginungagap Foundation, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $534K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $663K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Ginungagap Foundation is organized and operated to support the programmatic purposes and mission of Rudolf Steiner Foundation and to operate programs in cooordination with it.

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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 $534,172

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $534,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,733

Fundraising Expenses $0

Program Expenses $635,836

Other Expenses $610,463

TOTAL EXPENSES $663,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$534,172	$1,002,066	-0.5%
Expenses	$663,196	$584,416	+0.1%
Net Income	$-129,024	$417,650	-1.3%

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

N/A

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

$10,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H Reid Shaw	Director	1.00	Director	$10,000	$0	$10,000
Beth Weisburn	Director	1.00	Director	$10,000	$0	$10,000
Mark Finser	Secretary/Treas	1.00	Officer	$10,000	$0	$10,000
Michael Davis	President	4.00	Officer Director	$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	$534,172	$663,196	$4,928,177	$-129,024
2023	$1,002,066	$584,416	$5,278,797	$417,650
2022	$624,500	$691,699	$4,829,341	$-67,199
2021	$1,650,452	$444,447	$4,896,540	$1,206,005
2020	$990,000	$562,705	$3,690,535	$427,295
2019	$400,000	$369,745	$3,263,240	$30,255
2018	$650,000	$364,834	$3,232,985	$285,166

Ginungagap Foundation