THE GREAT BOOKS FOUNDATION (EIN 362182034) - 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

1947

Legal Domicile

Principal Officer

VALENTINA TEXERA PARISSI

Phone

3123325870

Tax Period

2022-07-01 to 2023-06-30

THE GREAT BOOKS FOUNDATION, founded in 1947, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $905K, a strong 20% operating margin.

Mission

THE MISSION OF THE GREAT BOOKS FOUNDATION IS TO ADVANCE THE CRITICAL, REFLECTIVE THINKING, AND SOCIAL AND CIVIC ENGAGEMENT OF READERS OF ALL AGES THROUGH SHARED INQUIRY DISCUSSION OF WORKS AND IDEAS OF ENDURING VALUE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,359,951

Program Service Revenue $418,525

Investment Income $33,145

Other Revenue $2,612,311

TOTAL REVENUE $4,423,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,516,515

Fundraising Expenses $12,361

Program Expenses $1,822,173

Other Expenses $1,001,973

TOTAL EXPENSES $3,518,488

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,423,932	$3,453,370	+0.3%
Expenses	$3,518,488	$3,603,035	0.0%
Net Income	$905,444	$-149,665	-7.0%

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

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

$321,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BRUMMELL JR	CHAIRMAN	1.00	Director	$0	$0	$0
PAUL BARTON	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
BARBARA BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY CIOCHINA	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA WACHS DAM	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MACGILVRAY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX J POLLOCK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M REUM	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SCHUEPPERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WARD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES W HAUGH	LIFE DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL IGOE	LIFE DIRECTOR	1.00	Director	$0	$0	$0
JANE C HUNT	LIFE DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LAWLOR	LIFE DIRECTOR	1.00	Director	$0	$0	$0
VALENTINA TEXERA PARISSI	PRESIDENT & CEO	35.00	Officer	$146,510	$25,984	$172,494
PETER WALTON	VICE-PRESIDENT & CFO	35.00	Officer	$119,851	$29,563	$149,414
MATTHEW LEMEN	DIRECTOR OF K-12 PARTNERSH	35.00	Highest	$148,284	$8,056	$156,340
SARAH CLAYPOOL FRIEDLAND	EXECUTIVE DIRECTOR OF OPER	35.00	Highest	$114,222	$29,342	$143,564
CHARLES ADAM	NATIONAL SALES REPRESENTATIVE	35.00	Highest	$113,336	$22,450	$135,786
ROBERTA FLEMING	K-12 PARTNERSHIP MANAGER	35.00	Highest	$107,463	$922	$108,385

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,423,932	$3,518,488	$2,766,330	$905,444
2022	$3,453,370	$3,603,035	$2,884,980	$-149,665
2021	$3,289,304	$3,006,600	$3,063,168	$282,704
2020	$2,425,160	$3,355,593	$2,502,117	$-930,433
2019	$3,416,797	$3,679,521	$3,008,427	$-262,724
2018	$3,442,267	$4,033,763	$3,254,315	$-591,496

THE GREAT BOOKS FOUNDATION