GARDEN NEIGHBORHOOD CHARITIES INC (EIN 205957683) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

GLEN THORNBOROUGH

Phone

6176241853

Tax Period

2024-01-01 to 2024-12-31

GARDEN NEIGHBORHOOD CHARITIES INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $135K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 54% operating deficit.

Mission

GARDEN NEIGHBORHOOD CHARITIES IS THE PHILANTHROPIC ARM OF THE TD GARDEN. ITS MISSION IS TO PROVIDE SUPPORT, THROUGH GRANTS, IN-KIND DONATIONS, VOLUNTEERISM AND COMMUNITY EVENTS, TO CHARITABLE ORGANIZATIONS AND PROGRAMS MAKING A POSITIVE IMPACT IN OUR NEIGHBORHOOD OF GREATER BOSTON. GARDEN NEIGHBORHOOD CHARITIES IS COMMITTED TO BRINGING THE EXCITEMENT AND LASTING MEMORIES OF LIVE ENTERTAINMENT AND SPORTING EVENTS TO THOSE IN OUR NEIGHBORHOOD WHO MIGHT NOT OTHERWISE HAVE ACCESS TO SUCH FULFILLING EXPERIENCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $135,483

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $135,494

Expense Breakdown

Grants Paid $148,447

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $148,447

Other Expenses $60,290

TOTAL EXPENSES $208,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,494	$196,668	-0.3%
Expenses	$208,737	$123,593	+0.7%
Net Income	$-73,243	$73,075	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN THORNBOROUGH	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
CATHERINE A DIONNE DOHERTY	TREASURER & DIRECTOR	2.00	Officer Director	$0	$0	$0
JEN COMPTON	DIRECTOR	2.00	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	$135,494	$208,737	$239,466	$-73,243
2023	$196,668	$123,593	$269,808	$73,075
2022	$184,059	$201,561	$211,118	$-17,502
2021	$121,878	$115,771	$193,526	$6,107
2020	$105,925	$36,791	$160,532	$69,134
2019	$137,519	$134,245	$104,929	$3,274
2018	$150,648	$180,349	$101,915	$-29,701

GARDEN NEIGHBORHOOD CHARITIES INC