Glocalnet Inc (EIN 371800334) - 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

2016

Legal Domicile

Principal Officer

Bob Roberts Jr

Phone

9726707750

Tax Period

2024-01-01 to 2024-12-31

Glocalnet Inc, founded in 2016, is a community nonprofit in the International Affairs sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $494K, a strong 28% operating margin.

Mission

GlocalNet is a family of churches that exists to mobilize church members to engage society and create flourishing communities. We build and execute models with church planting in the public square to engage cities and nations. We start churches for the world!

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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 $1,742,664

Program Service Revenue $0

Investment Income $306

Other Revenue $48,000

TOTAL REVENUE $1,790,970

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $547,354

Fundraising Expenses $30,190

Program Expenses $1,077,350

Other Expenses $689,020

TOTAL EXPENSES $1,296,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,790,970	$1,659,813	+0.1%
Expenses	$1,296,564	$1,644,062	-0.2%
Net Income	$494,406	$15,751	+30.4%

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

Governance

Voting Members

Independent Members

Employees

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

$94,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Jenkins	Director	1.00	Director	$0	$0	$0
Chris Layne	Director	1.00	Director	$0	$0	$0
Ken Lockard	Director	1.00	Director	$0	$0	$0
Bob Roberts Jr	President	40.00	Officer	$94,000	$0	$94,000
Daniel Langford	Chief Project Officer	40.00	Highest	$102,500	$0	$102,500
Joshua Tate	Chief Communications Officer	40.00	Highest	$102,000	$0	$102,000

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	$1,790,970	$1,296,564	$3,015,896	$494,406
2023	$1,659,813	$1,644,062	$1,291,668	$15,751
2022	$1,244,488	$1,366,282	$1,278,462	$-121,794
2021	$2,171,501	$1,188,541	$1,375,704	$982,960
2020	$501,792	$325,274	$383,856	$176,518
2019	$531,808	$513,719	$162,952	$18,089
2018	$472,930	$511,736	$144,864	$-38,806

Glocalnet Inc