GALVAN ASSET MANAGEMENT INC (EIN 223695479) - 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

1999

Legal Domicile

Principal Officer

DAN KENT

Phone

5188220707

Tax Period

2023-07-01 to 2024-06-30

GALVAN ASSET MANAGEMENT INC, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE LOW-COST, AFFORDABLE RENTAL HOUSING TO LOW-INCOME FAMILIES (AS DETERMINED BY GOVERNMENT GUIDELINES) AND PROVIDE LOW-COST RENTAL SPACE AS ADMINISTRATIVE OFFICES FOR OTHER NOT-FOR-PROFIT AND CHARITABLE CORPORATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,141,072

Investment Income $341

Other Revenue $-602

TOTAL REVENUE $1,140,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,003

Fundraising Expenses $0

Program Expenses $1,460,726

Other Expenses $1,417,723

TOTAL EXPENSES $1,460,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,140,811	$1,119,160	+0.0%
Expenses	$1,460,726	$1,377,251	+0.1%
Net Income	$-319,915	$-258,091	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T ERIC GALLOWAY	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAN KENT	PRESIDENT	10.00	Officer Director	$0	$0	$0
RAFAL MARKWAT	SECRETARY	5.00	Officer Director	$0	$0	$0
RODNEY RUSSO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SCALERA	TRUSTEE	1.00	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
2024	$1,140,811	$1,460,726	$6,552,868	$-319,915
2023	$1,119,160	$1,377,251	$4,009,441	$-258,091
2022	$1,035,795	$1,111,553	$4,235,956	$-75,758
2021	$1,092,075	$1,274,531	$4,305,986	$-182,456
2020	$1,210,931	$1,156,820	$4,892,955	$54,111
2019	$702,579	$1,036,949	$4,514,866	$-334,370
2018	$818,725	$966,041	$4,767,629	$-147,316

GALVAN ASSET MANAGEMENT INC