GMTO CORPORATION (EIN 262637707) - 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

ROBERT SHELTON

Phone

6262040544

Tax Period

2022-07-01 to 2023-06-30

GMTO CORPORATION, founded in 2007, is a major nonprofit in the Science & Technology sector that reported $194.7M in total revenue in fiscal year 2022. Revenue surged 504% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158.3M, a strong 81% operating margin.

Mission

UNDERTAKE DESIGN, DEVELOPMENT, CONSTRUCTION & OPERATION OF THE GIANT MAGELLAN TELESCOPE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $193,810,505

Program Service Revenue $0

Investment Income $852,113

Other Revenue $0

TOTAL REVENUE $194,662,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,722,436

Fundraising Expenses $2,217,480

Program Expenses $27,105,174

Other Expenses $14,657,657

TOTAL EXPENSES $36,380,093

Year-over-Year Comparison

	2022	2021	Change
Revenue	$194,662,618	$32,220,104	+5.0%
Expenses	$36,380,093	$37,165,448	0.0%
Net Income	$158,282,525	$-4,945,344	-33.0%

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

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

$1,452,250

Total Directors

Key Employees

$726,143

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER MASSEY	CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
TAFT ARMANDROFF	VICE CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
CHARLES ALCOCK	BOARD MEMBER (THRU 07/2022)	1.00	Director	$0	$0	$0
WAYNE ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK BALDAUF	BOARD MEMBER	1.00	Director	$0	$0	$0
BUELL JANNUZI	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA KEWLEY	BOARD MEMBER (FROM 07/2022)	1.00	Director	$0	$0	$0
JOHN MULCHAEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA LUCIA MENDES DE OLIVEIRA	BOARD MEMBER (THRU 10/2022)	1.00	Director	$0	$0	$0
MICHAEL MCCARTHY	BOARD MEMBER (THRU 10/2022)	1.00	Director	$0	$0	$0
BYEONG-GON PARK	BOARD MEMBER	1.00	Director	$0	$0	$0
SUNG HYUN PARK	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PEARCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAQUIN RUIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY STRINGER	BOARD MEMBER (FROM 10/2022)	1.00	Director	$0	$0	$0
CHRIS TINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SHELTON	PRESIDENT	40.00	Officer	$494,519	$78,776	$573,295
ALAN GORDON	TREASURER / CFO / VP, BUSINESS OPS.	40.00	Officer	$265,862	$80,590	$346,452
SARA LEE KELLER	SEC. / GEN COUNSEL (THRU 09/2022)	40.00	Officer	$195,569	$60,527	$256,096
JENNIFER ECCLES - INTERIM SEC	(10/22-3/23) / VP, DEV. & EX. REL.	40.00	Officer	$233,091	$43,316	$276,407
KEVIN MILLS - SEC VP LEGAL	AFFAIRS / GEN COUNSEL (FROM 04/2023)	40.00	Officer	$0	$0	$0
JAMES FANSON	PROJECT MANAGER (THRU 03/2023)	40.00	Key Emp	$327,111	$70,707	$397,818
WILLIAM BURGETT	INTERIM PROJECT MANAGER	40.00	Key Emp	$263,610	$64,715	$328,325
REBECCA BERNSTEIN	PROJECT SCIENTIST	40.00	Highest	$337,161	$62,536	$399,697
BRUCE BIGELOW	SITE, ENCLOSURE, FACILITIES MGR	40.00	Highest	$238,048	$58,253	$296,301
GLENN BROSSUS	INTERIM DEPUTY PROJECT MANAGER	40.00	Highest	$239,113	$83,244	$322,357
RICK DEMERS	WAVEFRONT SENSING & CTRL. MANAGER	40.00	Highest	$243,651	$59,343	$302,994
FRANK GROARK	DEPUTY OPT. & OPTICAL METROLOGY MGR.	40.00	Highest	$238,285	$79,866	$318,151

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	No data	No data	No data	No data
2023	$194,662,618	$36,380,093	$488,723,180	$158,282,525
2022	$32,220,104	$37,165,448	$321,703,747	$-4,945,344
2021	$8,771,769	$34,752,653	$305,649,164	$-25,980,884
2020	$4,199,536	$40,709,497	$330,327,152	$-36,509,961
2019	$40,599,120	$39,820,884	$367,820,702	$778,236
2018	$10,946,024	$38,930,666	$365,009,321	$-27,984,642

GMTO CORPORATION