GOOD KARMA BIKES INC (EIN 271552370) - 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

2009

Legal Domicile

Phone

4082910501

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

We empower people and build community through bikes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $573,515

Program Service Revenue $399,524

Investment Income $6,784

Other Revenue $0

TOTAL REVENUE $979,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,690

Fundraising Expenses $98,657

Program Expenses $549,511

Other Expenses $163,502

TOTAL EXPENSES $670,192

Year-over-Year Comparison

	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%

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

$187,616

Total Directors

$187,616

Key Employees

Highest Compensated

reported

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

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	$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

GOOD KARMA BIKES INC