GLOBALMINDED

EIN: 465644464 501(c)(3) Education

Denver, CO

Total Revenue
$693,443
Total Expenses
$827,485
Total Assets
$104,111
Net Assets
$94,525
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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
2014
Legal Domicile
CO
Principal Officer
Carol J Carter Director
Tax Period
2023-01-01 to 2023-12-31

GLOBALMINDED, founded in 2014, is a small nonprofit in the Education sector that reported $693K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $827K exceeded revenue, resulting in a 19% operating deficit.

Mission

An inclusive success network and annual conference connecting limited resource students, first-generation college students, and returning adult students to role models, mentors, internships, and jobs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $426,323
Program Service Revenue $267,120
Investment Income $0
Other Revenue $0
TOTAL REVENUE $693,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $192,060
Fundraising Expenses $100,180
Program Expenses $400,341
Other Expenses $635,425
TOTAL EXPENSES $827,485

Year-over-Year Comparison

2023 2022 Change
Revenue $693,443 $549,654 +0.3%
Expenses $827,485 $541,999 +0.5%
Net Income $-134,042 $7,655 -18.5%
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
12
Independent Members
11
Employees
N/A
Volunteers
34

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Radman Director 1.00
Director
$0 $0 $0
Anthony Newton Director 1.00
Director
$0 $0 $0
Tim Shephard Director 1.00
Director
$0 $0 $0
Paulette Tate Director 1.00
Director
$0 $0 $0
Jen Schramm Director 1.00
Director
$0 $0 $0
Ken Epps Board Chair 1.00
Director
$0 $0 $0
Paula Hopkins Director 1.00
Director
$0 $0 $0
Karen Ashworth MacFarlane Treasurer 1.00
Director
$0 $0 $0
Kennon Harrison Director 1.00
Director
$0 $0 $0
John Moreno Escobar Director 1.00
Director
$0 $0 $0
Terill Glass Director 1.00
Director
$0 $0 $0
Carol J Carter CEO 40.00
Officer 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 $693,443 $827,485 $104,111 $-134,042
2022 $549,654 $541,999 $231,778 $7,655
2021 $444,144 $221,742 $238,097 $222,402
2020 $355,852 $251,527 $50,449 $104,325
2019 $239,482 $334,359 $39,013 $-94,877
2018 $254,726 $263,872 $6,861 $-9,146
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