THE GRISHKOT FOUNDATION (EIN 274464642) - 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

2011

Legal Domicile

Principal Officer

MICHAEL MCCARTHY

Phone

5187826668

Tax Period

2025-01-01 to 2025-12-31

THE GRISHKOT FOUNDATION, founded in 2011, is a micro nonprofit that reported $37K in total revenue in fiscal year 2025. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 149% operating deficit.

Mission

PROMOTE AND ASSIST IN THE PRODUCTION OF ACTIVITIES THAT ENCOURAGE A GENERAL PUBLIC INTEREST AND EDUCATION IN THE SCIENCES OF AVIATION, AEROSPACE AND PROFESSIONAL NURSING AND RELATED HEALTHCARE FIELDS AND TO PROVIDE COLLEGE SCHOLARSHIPS FOR RESIDENTS OF WARREN, WASHINGTON AND SARATOGA COUNTIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $37,306

Other Revenue $0

TOTAL REVENUE $37,306

Expense Breakdown

Grants Paid $77,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,193

Other Expenses $15,435

TOTAL EXPENSES $92,935

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,306	$81,387	-0.5%
Expenses	$92,935	$75,114	+0.2%
Net Income	$-55,629	$6,273	-9.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN MCLAUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
KIERAN SCHRADER	DIRECTOR	2.00	Director	$0	$0	$0
LARRY WEAVER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LITTLE	DIRECTOR	2.00	Director	$0	$0	$0
MAURY THOMPSON	PRESIDENT	5.00	Officer	$0	$0	$0
SCOTT MCLAUGHLIN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MIKE MCCARTHY	TREASURER	5.00	Officer	$0	$0	$0
BARBARA SCHRADER	SECRATARY	5.00	Officer	$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
2025	$37,306	$92,935	No data	$-55,629
2024	$81,387	$75,114	$1,692,670	$6,273
2023	$43,156	$46,723	$1,572,279	$-3,567
2022	$1,524,353	$11,625	$1,508,531	$1,512,728

THE GRISHKOT FOUNDATION