Global Knowledge Initiative

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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

Tax Period

2023-01-01 to 2023-12-31

Global Knowledge Initiative, founded in 2009, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 57% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $1,470,901 Revenue: $1,157,187

Labs:GKIs Lab Programs are intentionally designed to bring together diverse stakeholders to solve problems, innovate, drive the alignment of interests, broker new partnerships, and set a...

Labs:GKIs Lab Programs are intentionally designed to bring together diverse stakeholders to solve problems, innovate, drive the alignment of interests, broker new partnerships, and set a collaborative course for strategy design that leads to lasting change. Example projects:CCIR : GKI designed and managed the Caribbean Corporate Investment Initiative (CCIR) program, building collaboration opportunities for governments, businesses, and communities across the Caribbean, to come together to identify, develop and scale innovative, sustainable solutions to systemic challenges around disaster resilience. GKI facilitated private sector and humanitarian actors across the Eastern Caribbean archipelago to collectively map the dynamics of the system, clarify the future state envisioned, and identified strategic opportunities for systems transformation and launch 2 critical initiatives; strengthening a network coalition to foster long-term, value-driven partnerships between the private sector and humanitarian actors, and a resource coordination platform to harness donations and aid resources from the private sector to actors in the field. AI4R: Accelerating Innovation for Resilience (AI4R) designed and managed by GKI, is a systems-informed, stakeholder-led, action-oriented program that brings diverse actors together to identify, develop and scale innovative, sustainable solutions to strengthen the humanitarian innovation ecosystem around disaster response and resilience. AI4Resilience works in accompaniment with a broad range of potential innovation ecosystems stakeholders such as government agencies, humanitarian organizations innovation departments, corporate partners, entrepreneurship incubators, accelerators, and a broad range of investors and activates these intermediaries through a highly participatory incentive challenge, designed to support local innovation, leadership, and collaboration around solutions to emerge while building connective tissue across the network. The program was piloted in Bangladesh.

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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 $0

Program Service Revenue $1,157,187

Investment Income $189

Other Revenue $0

TOTAL REVENUE $1,157,376

Expense Breakdown

Grants Paid $365,838

Salaries & Benefits $888,615

Fundraising Expenses $7,061

Program Expenses $1,470,901

Other Expenses $560,051

TOTAL EXPENSES $1,814,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,157,376	$1,742,880	-0.3%
Expenses	$1,814,504	$1,333,592	+0.4%
Net Income	$-657,128	$409,288	-2.6%

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

$428,762

Total Directors

$274,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seema Patel	CEO resigned 824	40.00	Officer Director	$156,945	$11,780	$168,725
Megan Scanlon	Chief Operating Officer	40.00	Officer	$142,257	$12,413	$154,670
Steven Smith	CEO	40.00	Officer Director	$100,466	$4,901	$105,367
Sara Farley	Board member	0.25	Director	$0	$0	$0
Sam Pitroda	Board member	0.25	Director	$0	$0	$0
Nina Federoff	Board member	0.25	Director	$0	$0	$0
Dave Furguson	Chairperson	2.00	Officer 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	$1,157,376	$1,814,504	$219,900	$-657,128
2022	$1,742,880	$1,333,592	$1,122,487	$409,288
2021	$1,575,269	$1,436,603	$473,243	$138,666
2020	$1,189,583	$1,314,579	$439,114	$-124,996
2019	$790,005	$871,330	$414,145	$-81,325
2018	$758,058	$891,163	$472,936	$-133,105