GROWTH PHILANTHROPY NETWORK INC (EIN 421625224) - 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

2005

Legal Domicile

Principal Officer

ALEXANDER ROSSIDES

Phone

9174493512

Tax Period

2023-01-01 to 2023-12-31

GROWTH PHILANTHROPY NETWORK INC, founded in 2005, is a small nonprofit that reported $989K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 32% operating deficit.

Mission

GROWTH PHILANTHROPY NETWORK'S MISSION IS TO HELP CATALYZE AND DRIVE EQUITABLY SYSTEMS CHANGE AND ADVANCE RACIAL EQUITY IN ORDER FOR ALL PEOPLE TO THRIVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $963,250

Program Service Revenue $0

Investment Income $26,085

Other Revenue $0

TOTAL REVENUE $989,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,709

Fundraising Expenses $64,444

Program Expenses $1,041,746

Other Expenses $603,810

TOTAL EXPENSES $1,310,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$989,335	$1,399,114	-0.3%
Expenses	$1,310,519	$1,305,864	+0.0%
Net Income	$-321,184	$93,250	-4.4%

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

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

$348,658

Total Directors

$195,421

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER ROSSIDES	PRESIDENT	40.00	Officer Director	$180,500	$14,921	$195,421
MONIKA KINCHELOE	VICE PRESIDE	40.00	Officer	$152,541	$696	$153,237
ANTOINETTE LA BELLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LANGSTON	DIRECTOR	1.00	Director	$0	$0	$0
ROB DENSEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
BANNY BANERJEE	DIRECTOR	1.00	Director	$0	$0	$0
KEISHA SENTER	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$989,335	$1,310,519	$978,262	$-321,184
2022	$1,399,114	$1,305,864	$1,284,076	$93,250
2021	$866,417	$837,640	$1,315,476	$28,777
2020	$784,863	$761,553	$1,237,158	$23,310
2019	$1,964,371	$2,792,849	$1,226,370	$-828,478
2018	$3,288,797	$1,409,394	$2,079,378	$1,879,403

GROWTH PHILANTHROPY NETWORK INC