SAN JOSE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOOD KARMA BIKES INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $980K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $310K, a strong 32% operating margin.
We empower people and build community through bikes.
At Good Karma Bikes, our mission is to empower people and build community through bikes. Thousands of bicycles come to us through community donation and impound. The majority of bicycles are...
At Good Karma Bikes, our mission is to empower people and build community through bikes. Thousands of bicycles come to us through community donation and impound. The majority of bicycles are refurbished by volunteers and granted to those in-need. The remainder is sold in our second hand bike shop. The clients we serve are homeless, veterans, low-wage workers, and low-income families, however, we have never turned anyone away for financial reasons. As a community organization we are not limited to bicycle repaid and have also assisted client with fixing wheelchairs, walkers, and carts.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $979,823 | $818,048 | +0.2% |
| Expenses | $670,192 | $634,278 | +0.1% |
| Net Income | $309,631 | $183,770 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| James T Gardner | Executive Dir. | 40.00 |
Officer
Director
|
$179,075 | $8,541 | $187,616 |
| Lorena Collins-Ramirez | Chairman | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dennis Cunningham | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mike Murray | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| Susan Hayes | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Taurean Dyer | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Chelsea Tercero | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mario Wijtman | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $979,823 | $670,192 | $751,980 | $309,631 |
| 2023 | $818,048 | $634,278 | $439,812 | $183,770 |
| 2022 | $679,207 | $727,854 | $251,523 | $-48,647 |
| 2021 | $540,860 | $499,889 | $309,521 | $40,971 |
| 2020 | $555,454 | $379,020 | $243,852 | $176,434 |
| 2019 | $644,447 | $628,121 | $75,965 | $16,326 |
| 2018 | $590,324 | $615,933 | $85,447 | $-25,609 |
Compare GOOD KARMA BIKES INC with other nonprofits in California and across the country.