GVEC CHARITABLE FOUNDATION (EIN 453420216) - 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

2011

Legal Domicile

Principal Officer

CEASON BARNICK

Phone

8308571200

Tax Period

2024-01-01 to 2024-12-31

GVEC CHARITABLE FOUNDATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $412K in total revenue in fiscal year 2024.

Mission

TO PROVIDE FUNDING ASSISTANCE TO LOCAL NON-PROFIT GROUPS AND CIVIC ORGANIZATIONS FOR COMMUNITY DEVELOPMENT AND IMPROVEMENT PROJECTS AND PROVIDE ASSISTANCE FOR LOW INCOME INDIVIDUALS WITHIN THE GUADALUPE VALLEY ELECTRIC COOPERATIVE SERVICE AREA.

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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 $411,884

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $411,884

Expense Breakdown

Grants Paid $407,735

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $407,735

Other Expenses $4,983

TOTAL EXPENSES $412,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,884	$389,082	+0.1%
Expenses	$412,718	$341,999	+0.2%
Net Income	$-834	$47,083	-1.0%

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

N/A

Employees

N/A

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

$1,344,728

Total Directors

$1,344,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN ALVAREZ	VICE PRESIDENT	1.00	Officer Director	$0	$68,234	$584,953
GARY KORN	PRESIDENT	1.00	Officer Director	$0	$60,311	$446,600
CEASON BARNICK	SECRETARY/TREASURER	1.00	Officer Director	$0	$58,374	$313,175

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	$411,884	$412,718	$180,601	$-834
2023	$389,082	$341,999	$182,057	$47,083
2022	$367,341	$400,895	$135,213	$-33,554
2021	$368,730	$355,294	$170,391	$13,436
2020	$368,224	$368,756	$159,623	$-532
2019	$361,987	$378,800	$163,633	$-16,813
2018	$359,575	$328,213	$176,725	$31,362

GVEC CHARITABLE FOUNDATION