GREENSPACES INC (EIN 272113695) - 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

2010

Legal Domicile

Principal Officer

BECKY ENGLISH

Phone

4236480963

Tax Period

2023-01-01 to 2023-12-31

GREENSPACES INC, founded in 2010, is a small nonprofit in the Environment sector that reported $985K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

GREENSPACES EXISTS TO FURTHER SUSTAINABILITY IN THE CHATTANOOGA REGION, BY PROMOTING AND DEVELOPING ENVIRONMENTALLY PREFERABLE PRACTICES FOR LIVING, WORKING AND BUILDING.

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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 $697,836

Program Service Revenue $281,789

Investment Income $13,330

Other Revenue $-8,074

TOTAL REVENUE $984,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $842,863

Fundraising Expenses $65,523

Program Expenses $1,207,744

Other Expenses $538,314

TOTAL EXPENSES $1,381,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$984,881	$837,273	+0.2%
Expenses	$1,381,177	$1,033,196	+0.3%
Net Income	$-396,296	$-195,923	+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

Governance

Voting Members

Independent Members

Employees

Volunteers

187

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

$43,269

Total Directors

$43,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN JONES	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BECKMANN	DIRECTOR	0.50	Director	$0	$0	$0
MATT BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ALI AHMED	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA BRICKHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
RICKY SUPAN	DIRECTOR	0.50	Director	$0	$0	$0
CLINT DEAN	DIRECTOR	0.50	Director	$0	$0	$0
SHERIL VARGHESE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
WAYNE WILLIAMS	SECRETARY	0.50	Officer Director	$0	$0	$0
ERWIN OVALLE	DIRECTOR	0.50	Director	$0	$0	$0
BECKY ENGLISH	CHAIR	0.50	Officer Director	$0	$0	$0
IRA WEISS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL WALTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$43,269	$0	$43,269
MICHAEL RYAN	DIRECTOR	0.50	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	$984,881	$1,381,177	$583,637	$-396,296
2022	$837,273	$1,033,196	$895,427	$-195,923
2021	$1,111,466	$757,053	$1,050,938	$354,413
2020	$1,316,594	$1,074,908	$722,912	$241,686
2019	$731,989	$688,229	$451,178	$43,760
2018	$1,402,617	$1,405,352	$393,273	$-2,735

GREENSPACES INC