GLASSWING INTERNATIONAL USA INC (EIN 261456470) - 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

2007

Legal Domicile

Principal Officer

MARK LOYKA

Phone

2036590367

Tax Period

2023-01-01 to 2023-12-31

GLASSWING INTERNATIONAL USA INC, founded in 2007, is a mid-sized nonprofit in the Human Services sector that reported $18.8M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $18.0M left a modest 4% surplus.

Mission

TO GENERATE AWARENESS AND MOBILIZE RESOURCES IN THE US FOR CHARITABLE PURPOSES IN CENTRAL AMERICA. THESE RESOURCES FUND A VOLUNTEER CENTER IN SAN SALVADOR, WHICH PROVIDES HEALTH CARE, MENTORING, AND AFTER SCHOOL 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 (2023)

Revenue Breakdown

Contributions & Grants $17,010,121

Program Service Revenue $0

Investment Income $1,834,676

Other Revenue $0

TOTAL REVENUE $18,844,797

Expense Breakdown

Grants Paid $16,378,952

Salaries & Benefits $866,547

Fundraising Expenses $161,666

Program Expenses $17,024,900

Other Expenses $787,696

TOTAL EXPENSES $18,033,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,844,797	$25,604,589	-0.3%
Expenses	$18,033,195	$17,250,557	+0.0%
Net Income	$811,602	$8,354,032	-0.9%

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

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

$53,016

Total Directors

$53,016

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH BAKER	CEO	10.00	Officer Director	$53,016	$0	$53,016
RODRIGO PINEDA	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO MUYSHONDT	DIRECTOR	1.00	Director	$0	$0	$0
ZITA SAUREL	DIRECTOR	1.00	Director	$0	$0	$0
ANA MORALES	DIRECTOR	1.00	Director	$0	$0	$0
EMILIANO ROMAN	DIRECTOR, FINANCE COMMITTE	1.00	Director	$0	$0	$0
JANA PASQUEL DE SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
CARMEN BUSQUETS	DIRECTOR	1.00	Director	$0	$0	$0
CELINA SOL	DIRECTOR	1.00	Director	$0	$0	$0
DIEGO DE SOLA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MOORE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN SKIPPER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH FANDELL	DIRECTOR	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	No data	No data	No data	No data
2023	$18,844,797	$18,033,195	$40,472,052	$811,602
2022	$25,604,589	$17,250,557	$35,159,270	$8,354,032
2021	$11,179,883	$7,370,373	$37,699,055	$3,809,510
2020	$6,300,292	$3,961,165	$11,567,412	$2,339,127
2019	$4,178,976	$2,151,640	$9,625,045	$2,027,336
2018	$3,156,070	$2,222,488	$1,731,039	$933,582

GLASSWING INTERNATIONAL USA INC