GREATER IMPACT FOUNDATION 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

2009

Legal Domicile

Principal Officer

ANTHONY PALMISANO

Phone

9543367154

Tax Period

2022-01-01 to 2022-12-31

GREATER IMPACT FOUNDATION INC, founded in 2009, is a small nonprofit in the Religion sector that reported $225K in total revenue in fiscal year 2022.

Mission

OPERATING HAITIAN ORPHANAGES & LEARNING CENTERS

Program Service Accomplishments

Program 1

ORPHANGE OPERATIONS AT THREE LOCATIONS IN HAITI INCLUDING FEEDING, HOUSING, CLOTHING AND EDUCATING CHILDREN THROUGH THE AGE OF 18. THE THREE ORPHANAGES HOUSED 142 CHILDREN

Program 2

VOCATIONAL SKILLS SUCH AS CARPENTRY, FARMING, SEWING, COOKING, FURNITURE BUILDING, RUNNING A BUSINESS SUCH AS SHOP, HOTEL AND RESTAURANT SERVICES SO THAT THE OLDER CHILDREN CAN BE SELF-SUFFICIENT...

VOCATIONAL SKILLS SUCH AS CARPENTRY, FARMING, SEWING, COOKING, FURNITURE BUILDING, RUNNING A BUSINESS SUCH AS SHOP, HOTEL AND RESTAURANT SERVICES SO THAT THE OLDER CHILDREN CAN BE SELF-SUFFICIENT WHEN THEY GROW UP. 96

Program 3

TRAINING THE CHILDREN IN SOCIAL, ECONOMIC AND HYGIENE SKILLS TO BECOME PRODUCTIVE MEMERS OF SOCIETY AS AN ADUALT 120 CHILDREN

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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 $225,048

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $225,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $219,589

TOTAL EXPENSES $219,589

Year-over-Year Comparison

	2022	2021	Change
Revenue	$225,048	$229,748	0.0%
Expenses	$219,589	$233,427	-0.1%
Net Income	$5,459	$-3,679	-2.5%

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

N/A

Independent Members

N/A

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
ANTHONY PALMISANO	PRESIDENT	0		$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
2022	$225,048	$219,589	$37,969	$5,459
2021	$229,748	$233,427	$32,510	$-3,679
2020	$282,267	$278,638	$36,189	$3,629
2019	$214,839	$199,603	$32,460	$15,236