GOLDEN STRING INC

EIN: 341945521 501(c)(3) Human Services

YOUNGSTOWN, OH

Total Revenue
$854,680
Total Expenses
$563,167
Total Assets
$2,859,713
Net Assets
$2,793,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
OH
Principal Officer
JAMES F SUTMAN
Phone
3307433444
Tax Period
2024-01-01 to 2024-12-31

GOLDEN STRING INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $855K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $292K, a strong 34% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR OUR FRIENDS WITH DISABLITIES IN OUR SURROUNDING COMMUNITIES. OUR GOAL IS TO HELP ADULTS AND CHILDREN WITH DISABILITIES TO REALIZE THEIR FULLEST POTENTIAL BY OFFERING SOCIALIZATION, RECREATION AND COMMUNITY BASED ACTIVITIES THROUGHOUT THE MAHONING VALLEY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $419,468
Program Service Revenue $426,259
Investment Income $0
Other Revenue $8,953
TOTAL REVENUE $854,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,747
Fundraising Expenses $0
Program Expenses $434,638
Other Expenses $296,420
TOTAL EXPENSES $563,167

Year-over-Year Comparison

2024 2023 Change
Revenue $854,680 $1,001,823 -0.1%
Expenses $563,167 $525,393 +0.1%
Net Income $291,513 $476,430 -0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
82
Volunteers
40

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLASKO PRESIDENT 1.00
Officer Director
$0 $0 $0
DINI RICCHIUTI TREASURER 1.00
Officer Director
$0 $0 $0
JERRY DEPASCALE TRUSTEE 1.00
Director
$0 $0 $0
JOANNE FRANKS SECRETARY 1.00
Director
$0 $0 $0
LUKE LIGUORE TRUSTEE 1.00
Director
$0 $0 $0
LISA YOUNG TRUSTEE 1.00
Director
$0 $0 $0
MEGAN GAMBREL TRUSTEE 1.00
Director
$0 $0 $0
PAM GREGORY TRUSTEE 1.00
Director
$0 $0 $0
JAMES F SUTMAN EXECUTIVE DIRECTOR 10.00
Officer
$0 $0 $0
JILL PERENCEVIC ASSISTANT EXECUTIVE DIRECT 10.00
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
2024 $854,680 $563,167 $2,859,713 $291,513
2023 $1,001,823 $525,393 $2,634,200 $476,430
2022 $691,556 $405,659 $2,063,300 $285,897
2021 $827,415 $384,085 $1,791,319 $443,330
2020 $312,497 $384,255 $1,490,528 $-71,758
2019 $463,078 $467,934 $1,396,689 $-4,856
2018 $1,402,541 $436,823 $1,389,920 $965,718
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