GREENSPACE INC

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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

1975

Legal Domicile

Principal Officer

DAVID HAINES

Phone

2702347655

Tax Period

2024-01-01 to 2024-12-31

GREENSPACE INC, founded in 1975, is a micro nonprofit in the Environment sector that reported $61K in total revenue in fiscal year 2024. The organization ran a surplus of $40K, a strong 65% operating margin.

Mission

THE PURPOSE OF GREENSPACE IS THE PRESERVATION OF LOCAL NATURAL RESOURCES AND THE CREATION AND MAINTENANCE OF TRAILS FOR RECREATIONAL USE AND ENJOYMENT.

Program Service Accomplishments

Program 1

Expenses: $6,913

TRAIL AND BRIDGE MAINTENANCE.

Program 2

Expenses: $2,565

TRAIL TECHNOLOGY UPDATE

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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 $45,979

Program Service Revenue $0

Investment Income $20,270

Other Revenue $-5,418

TOTAL REVENUE $60,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,820

Other Expenses $21,014

TOTAL EXPENSES $21,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,831	$57,494	+0.1%
Expenses	$21,014	$14,723	+0.4%
Net Income	$39,817	$42,771	-0.1%

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

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
LORI TIMBERS	DIRECTOR	2.00	Director	$0	$0	$0
HALEY KIRTLEY	DIRECTOR	1.00	Director	$0	$0	$0
TONY SMITH	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HAINES	PRESIDENT	4.00	Officer	$0	$0	$0
AARON RUCKER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MARTIN NOEL	TREASURER	1.50	Officer	$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	No data	No data	No data	No data
2024	$60,831	$21,014	$1,314,654	$39,817
2023	$57,494	$14,723	$1,081,008	$42,771
2022	$47,995	$22,020	$860,985	$25,975
2021	$48,940	$72,498	$1,044,726	$-23,558
2020	$53,863	$49,946	$854,194	$3,917