THE GROUNDSWELL GROUP INC

EIN: 464617398 501(c)(3) Human Services

BRONX, NY

Total Revenue
$287,248
Total Expenses
$490,637
Total Assets
$184,767
Net Assets
$179,561
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
PHILIP LYNN
Phone
6318487311
Tax Period
2024-01-01 to 2024-12-31

THE GROUNDSWELL GROUP INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $287K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $491K exceeded revenue, resulting in a 71% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO ADDRESS DISPARITIES RESULTING FROM SOCIAL, EMOTIONAL, AND ENVIRONMENTAL CHALLENGES THAT HAD BESET THE COMMUNITY. THE MISSION BECAME CONTRIBUTING TO SUSTAINABLE SOLUTIONS BY IDENTIFYING GAPS IN EXISITING APPROACHES, RECOGNIZING THAT TRADITIONAL METHODS OFTEN FELL SHORT IN ADDRESSING COMPLEX, INTERCONNECTED CHALLENGES. THE ORGANIZATION ALSO AIMS TO PROMOTE A PEACEFUL AND HEALTHY CULTURE IN THE COMMUNITY. THIS REALIZATION FUELED BY THEIR DETERMINATION TO ESTABLISH PROCESSES THAT HARNESSED INNOVATIVE IDEAS, INTEGRATED YOUTH-DRIVEN TECHNOLOGY, AND FORMED STRATEGIC PARTNERSHIPS TO DRIVE SYSTEMIC CHANGE.

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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 $287,248
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $287,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,998
Fundraising Expenses $0
Program Expenses $473,684
Other Expenses $291,639
TOTAL EXPENSES $490,637

Year-over-Year Comparison

2024 2023 Change
Revenue $287,248 $419,695 -0.3%
Expenses $490,637 $36,745 +12.4%
Net Income $-203,389 $382,950 -1.5%
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
8
Independent Members
8
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
2
$198,908
Total Directors
8
$198,908
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP LYNN DIRECTOR N/A
Officer Director
$105,458 $0 $105,458
REV ADDIE SANDERS BANKS CHIEF EXECUT N/A
Officer Director
$93,450 $0 $93,450
REGINA ALLEYNE BOARD CHAIR N/A
Director
$0 $0 $0
ELAM LANTZ TREASURER N/A
Director
$0 $0 $0
EMANUEL LINDSAY BOARD MEMBER N/A
Director
$0 $0 $0
MONICA LINDSAY BOARD MEMBER N/A
Director
$0 $0 $0
TIFFANY POWELL BOARD CO-CHA N/A
Director
$0 $0 $0
TALEIGH SMITH BOARD SECRET N/A
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 $287,248 $490,637 $184,767 $-203,389
2023 $419,695 $36,745 $387,760 $382,950
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