GLODEV INC

EIN: 454382475 501(c)(3) International Affairs

JACKSONVILLE, FL

Total Revenue
$124,940
Total Expenses
$111,265
Total Assets
$495,609
Net Assets
$487,142
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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
2012
Legal Domicile
FL
Principal Officer
TIM LOVELACE
Phone
9043326500
Tax Period
2024-01-01 to 2024-12-31

GLODEV INC, founded in 2012, is a small nonprofit in the International Affairs sector that reported $125K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $111K left a modest 11% surplus.

Mission

THE ORGANIZATIONS GOAL IS TO TRAIN IN AGRICULTURAL TECHNOLOGIES AND TO HELP THOSE LOCALLY IN NEED OF FOOD WHILE SERVING AS A LIVING MODEL FOR TRANSFORMING WHOLE COMMUNITIES GLOBALLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $157,188
Program Service Revenue $0
Investment Income $50
Other Revenue $-32,298
TOTAL REVENUE $124,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,744
Fundraising Expenses $0
Program Expenses $106,115
Other Expenses $100,521
TOTAL EXPENSES $111,265

Year-over-Year Comparison

2024 2023 Change
Revenue $124,940 $80,634 +0.5%
Expenses $111,265 $97,923 +0.1%
Net Income $13,675 $-17,289 -1.8%
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

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Governance

Voting Members
10
Independent Members
8
Employees
3
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
3
$27,059
Total Directors
0
$0
Key Employees
2
$27,059
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM LOVELACE CEO 040.00
Officer Key Emp Highest
$2,658 $0 $27,059
NANCY LOVELACE SECRETARY 003.00
Officer Key Emp
$0 $0 $0
DR GRADY CARTER CHAIRMAN N/A
Officer
$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 $124,940 $111,265 $495,609 $13,675
2023 $80,634 $97,923 $485,041 $-17,289
2022 $118,346 $97,352 $536,451 $20,994
2022 $83,523 $97,346 $501,633 $-13,823
2021 $173,557 $100,047 $508,066 $73,510
2020 $71,742 $49,452 $432,653 $22,290
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