JOEL A GINGRAS JR MEMORIAL FOUNDATION INC (EIN 232560250) - 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

1989

Legal Domicile

Principal Officer

JOHNATHAN L GINGRAS

Phone

2158803917

Tax Period

2024-01-01 to 2024-12-31

JOEL A GINGRAS JR MEMORIAL FOUNDATION INC, founded in 1989, is a small nonprofit in the Diseases & Disorders sector that reported $138K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FUNDING FOR RESEARCH IN THE PREVENTION AND CURE OF BRAIN TUMORS

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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 $167,592

Program Service Revenue $0

Investment Income $0

Other Revenue $-29,756

TOTAL REVENUE $137,836

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,000

Other Expenses $11,531

TOTAL EXPENSES $136,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,836	$225,492	-0.4%
Expenses	$136,531	$229,705	-0.4%
Net Income	$1,305	$-4,213	-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

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
JOHNATHAN L GINGRAS	PRESIDENT	4.00	Officer Director	$0	$0	$0
BRYAN J NEWHOOK	FUNDRAISING DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL C BOYTIN	MARKETING DIRECTOR	1.00	Director	$0	$0	$0
RICHARD T ONISKEY	PUBLIC RELATIONS DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN G GINGRAS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDRA L GINGRAS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY GINGRAS	TREASURER	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	$137,836	$136,531	$9,342	$1,305
2023	$225,492	$229,705	$8,037	$-4,213
2022	$146,012	$144,836	$12,250	$1,176
2021	$188,456	$209,599	$11,074	$-21,143
2020	$135,168	$114,215	$32,217	$20,953
2019	$122,703	$116,267	$11,264	$6,436
2018	$137,557	$137,601	$4,828	$-44

JOEL A GINGRAS JR MEMORIAL FOUNDATION INC