Great Prospects Inc (EIN 203500757) - 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

2005

Legal Domicile

Principal Officer

Jack Garrett

Phone

7703144243

Tax Period

2025-01-01 to 2025-12-31

Great Prospects Inc, founded in 2005, is a small nonprofit in the Education sector that reported $571K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $249K, a strong 44% operating margin.

Mission

To provide meaningful connections for individuals with disabilities through continued personal development enrichment, social interaction, community outreach and challenging recreational programs.

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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 (2025)

Revenue Breakdown

Contributions & Grants $250,781

Program Service Revenue $302,494

Investment Income $17,469

Other Revenue $282

TOTAL REVENUE $571,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,972

Fundraising Expenses $14,740

Program Expenses $283,534

Other Expenses $112,912

TOTAL EXPENSES $321,884

Year-over-Year Comparison

	2025	2024	Change
Revenue	$571,026	$374,702	+0.5%
Expenses	$321,884	$343,336	-0.1%
Net Income	$249,142	$31,366	+6.9%

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

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

$99,000

Total Directors

$99,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Garrett	Director of Operations	40.00	Officer Director Highest	$63,000	$0	$63,000
Michelle Jericevich	CEOSecretary	20.00	Officer Director	$36,000	$0	$36,000
Chuck Gabriel	Chairman	5.00	Director	$0	$0	$0
Jonathan Tatum	Treasury	5.00	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
2025	$571,026	$321,884	$804,482	$249,142
2025	$571,026	$321,884	$1,495,653	$249,142
2025	$571,026	$321,884	$804,482	$249,142
2024	$374,702	$343,023	$111,737	$31,679
2023	$403,306	$323,248	$82,879	$80,058
2022	$397,735	$291,975	$105,760	$105,760
2021	$259,584	$187,037	$325,981	$72,547
2019	$218,470	$185,076	$204,636	$33,394
2018	$200,535	$142,036	$170,612	$58,499

Great Prospects Inc