FRIENDS OF GLOBAL NOMADS GROUPINC

EIN: 264045556 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$-8,380
Total Expenses
$10
Total Assets
$674,432
Net Assets
$674,432
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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
2008
Legal Domicile
NY
Principal Officer
COURTNEY WELSH
Phone
2125290377
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF GLOBAL NOMADS GROUPINC, founded in 2008, is a micro nonprofit in the International Affairs sector that reported $8K in total revenue in fiscal year 2024.

Mission

TO ADVANCE AND CARRY OUT THE PURPOSES OF GLOBAL NOMADS GROUP,INC,A RELATED 501(C)(3)ORGANIZATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-8,380
Other Revenue $0
TOTAL REVENUE $-8,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $10
TOTAL EXPENSES $10

Year-over-Year Comparison

2024 2023 Change
Revenue $-8,380 $-7,278 +0.2%
Expenses $10 $250,000 -1.0%
Net Income $-8,390 $-257,278 -1.0%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
$236,314
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT HEFTER DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY WELSH CEO 5.00
Officer
$0 $51,433 $236,314
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 $-8,380 $10 $674,432 $-8,390
2024 $-7,278 $250,000 $840,181 $-257,278
2023 $-34,805 $920,112 $1,097,459 $-954,917
2023 No data No data No data No data
2022 $1,501,577 $1,237,660 $2,052,376 $263,917
2021 $324,922 $20,014 $1,788,459 $304,908
2020 $2,028,035 $2,027,910 $1,483,597 $125
2019 $533,934 $1,637,889 $1,482,648 $-1,103,955
2018 $67,560 $1,650,000 $2,582,675 $-1,582,440
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