Worldwide Initiatives for Grantmak… - Form 990 Financial Data

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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

Benjamin Bellegy

Phone

6317569500

Tax Period

2024-01-01 to 2024-12-31

Worldwide Initiatives for Grantmaker Support Inc, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO STRENGTHEN PHILANTHROPY AND A CULTURE OF GIVING THROUGH MUTUAL LEARNING AND SUPPORT, KNOWLEDGE SHARING AND PROFESSIONAL DEVELOPMENT AMONG OUR NETWORK PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $1,868,616

WINGS IS THE ONLY GLOBAL NETWORK OF PHILANTHROPY SUPPORT AND DEVELOPMENT ORGANIZATIONS. WINGS IS A COMMUNITY OF THOUGHT LEADERS AND CHANGEMAKERS WHO ARE COMMITTED TO GROWING AND STRENGTHENING...

WINGS IS THE ONLY GLOBAL NETWORK OF PHILANTHROPY SUPPORT AND DEVELOPMENT ORGANIZATIONS. WINGS IS A COMMUNITY OF THOUGHT LEADERS AND CHANGEMAKERS WHO ARE COMMITTED TO GROWING AND STRENGTHENING PHILANTRHOPY TO ENSURE THAT IT REACHES ITS FULLEST POTENTIAL AS A CATALYST FOR SOCIAL PROGRESS.

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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 $2,086,915

Program Service Revenue $0

Investment Income $67,927

Other Revenue $-49,842

TOTAL REVENUE $2,105,000

Expense Breakdown

Grants Paid $313,826

Salaries & Benefits $326,522

Fundraising Expenses $47,160

Program Expenses $1,868,616

Other Expenses $1,885,662

TOTAL EXPENSES $2,526,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,105,000	$4,079,997	-0.5%
Expenses	$2,526,010	$2,599,249	0.0%
Net Income	$-421,010	$1,480,748	-1.3%

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

N/A

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

$196,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Bellegy	Executive Dir.	40.00	Officer	$0	$196,770	$196,770
Alina Mihaela Porumb	Director	1.00	Director	$0	$0	$0
Delphine Moralis	Director	1.00	Director	$0	$0	$0
Andrew Chunilall	Chair	1.00	Officer Director	$0	$0	$0
Atallah Kuttab	Chair Emeritus	1.00	Director	$0	$0	$0
Barry Gaberman	Chair Emeritus	1.00	Director	$0	$0	$0
Christopher Worman	Director	1.00	Director	$0	$0	$0
David Sangokoya	Director	1.00	Director	$0	$0	$0
Jaff Shen	Director	1.00	Director	$0	$0	$0
Somachi Chris-Asoluka	Treasurer	1.00	Officer Director	$0	$0	$0
Rodrigo Pipponzi	Secretary	1.00	Officer Director	$0	$0	$0
Vidya Shah	Director	1.00	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	$2,105,000	$2,526,010	$2,851,392	$-421,010
2023	$4,079,997	$2,599,249	$4,312,211	$1,480,748
2022	$2,087,417	$1,859,283	$3,016,260	$228,134
2021	$1,851,390	$1,244,277	$1,728,265	$607,113
2020	$552,156	$737,680	$1,468,376	$-185,524
2019	$940,034	$633,292	$1,036,246	$306,742
2018	$561,035	$496,220	$697,736	$64,815

Worldwide Initiatives for Grantmaker Support Inc