THE GRATITUDE INITIATIVE (EIN 463306022) - 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

2013

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

THE GRATITUDE INITIATIVE, founded in 2013, is a small nonprofit in the Education sector that reported $888K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

FOUNDED IN 2013, GRATITUDE INITIATIVE HONORS THE SERVICE AND SACRIFICE OF OUR MILITARY, VETERAN AND LAW-ENFORCEMENT FAMILIES BY PROVIDING ESSENTIAL EDUCATION PROGRAMS AND SCHOLARSHIPS TO HELP THEIR CHILDREN SUCCEED IN COLLEGE, CAREER, AND LIFE.

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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 $888,083

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $888,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $51,388

Program Expenses $926,563

Other Expenses $1,009,304

TOTAL EXPENSES $1,009,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$888,083	$708,856	+0.3%
Expenses	$1,009,304	$848,618	+0.2%
Net Income	$-121,221	$-139,762	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RL SECHRIST II	Executive Dir.	10.00	Director	$0	$0	$0
JILL SHARP	Director	0.00	Director	$0	$0	$0
MARTY MELTON	Director	0.00	Director	$0	$0	$0
JASON LOVELESS	Director	0.00	Director	$0	$0	$0
JAMES STEELE	Director	0.00	Director	$0	$0	$0
JAMES P MOON	Secretary	1.00	Officer	$0	$0	$0
ANGELA CASEY	Treasurer	1.00	Officer	$0	$0	$0
DAVID RUSSELL	CFO	10.00	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	$888,083	$1,009,304	$473,282	$-121,221
2023	$708,856	$848,618	$650,448	$-139,762
2023	$708,856	$848,618	$650,448	$-139,762
2022	$626,503	$351,610	$680,554	$274,893
2021	$261,680	$336,136	$405,661	$-74,456
2019	$374,963	$285,058	$248,318	$89,905

THE GRATITUDE INITIATIVE