GREATER ORGANIZATION FOR LESS FORT… - 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

1983

Legal Domicile

Principal Officer

Stephen C Schulte

Phone

8479090768

Tax Period

2024-07-01 to 2025-06-30

GREATER ORGANIZATION FOR LESS FORTUNATE, founded in 1983, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $169K, a strong 72% operating margin.

Mission

To raise funds for less fortunate youth

Program Service Accomplishments

Program 1

Expenses: $56,000 Revenue: $0

Donation to Fr Smyth Standing Tall Foundation for scholarships

Program 2

Expenses: $10,000 Revenue: $0

Donation to Loyola Academy for scholarships

Program 3

Expenses: $500 Revenue: $0

Donation to For Autistic Kids Foundation

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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 $206,888

Program Service Revenue $0

Investment Income $18,154

Other Revenue $10,933

TOTAL REVENUE $235,975

Expense Breakdown

Grants Paid $66,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,500

Other Expenses $195

TOTAL EXPENSES $66,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,975	$470,529	-0.5%
Expenses	$66,695	$438,360	-0.8%
Net Income	$169,280	$32,169	+4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen C Schulte	President	10	Officer Director	$0	$0	$0
Kathleen A Schulte	Vice President and Secretary	10	Officer Director	$0	$0	$0
James P Burke Jr	Vice President and Treasurer	10	Officer 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
2025	$235,975	$66,695	$515,474	$169,280
2024	$470,529	$438,360	$346,194	$32,169
2023	$173,023	$116,900	$314,025	$56,123
2022	$223,120	$118,712	$257,902	$104,408

GREATER ORGANIZATION FOR LESS FORTUNATE