Groundswell Fund (EIN 474003615) - 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

2015

Legal Domicile

Phone

5104445900

Tax Period

2024-01-01 to 2024-12-31

Groundswell Fund, founded in 2015, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $30.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

Groundswell Fund strengthens U.S. movements for reproductive and social justice by resourcing intersectional grassroots organizing.

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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 $21,012,444

Program Service Revenue $0

Investment Income $1,102,928

Other Revenue $47

TOTAL REVENUE $22,115,419

Expense Breakdown

Grants Paid $17,596,586

Salaries & Benefits $8,038,963

Fundraising Expenses $2,392,903

Program Expenses $26,270,615

Other Expenses $4,507,858

TOTAL EXPENSES $30,180,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,115,419	$18,645,193	+0.2%
Expenses	$30,180,367	$24,372,876	+0.2%
Net Income	$-8,064,948	$-5,727,683	+0.4%

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

Volunteers

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

$711,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yamani Hernandez	CEO	38.00	Officer	$350,264	$76,835	$427,099
Naa Hammond	Chief Strategy Ofr	40.00		$214,785	$71,892	$286,677
Chanda Jones	CFO	38.00	Officer	$225,313	$58,711	$284,024
Quanita Toffie	Exec Director Action Fund	0.00		$210,725	$62,812	$273,537
Angelique Green	Chief Advanc Offcr	40.00		$219,140	$51,372	$270,512
Lorena Gamboa-Martin	Chief of Staff	38.00		$221,023	$35,327	$256,350
Jazmin Edwards	Sr HR and Ops Mgr	38.00		$184,443	$14,720	$199,163
Sherie Salter-Reid	Finance Dir	38.00		$164,137	$14,707	$178,844
Kimberly Inez McGuire	Chair	1.00	Officer Director	$0	$0	$0
Holly Bartling	Vice Chair	1.00	Officer Director	$0	$0	$0
Nicolle Gonzales	Treasurer	1.00	Officer Director	$0	$0	$0
Karen Grove	Secretary	1.00	Officer Director	$0	$0	$0
Nse Ufot	Director	1.00	Director	$0	$0	$0
Bamby Salcedo	Director	1.00	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	$22,115,419	$30,180,367	$36,554,170	$-8,064,948
2023	$18,645,193	$24,372,876	$45,207,953	$-5,727,683
2022	$29,604,689	$20,741,164	$53,772,714	$8,863,525
2021	$24,343,616	$18,544,605	$42,239,063	$5,799,011
2020	$29,691,752	$16,400,164	$37,022,960	$13,291,588
2020	$29,691,752	$16,400,164	$37,022,960	$13,291,588
2019	$21,014,931	$12,218,883	$24,368,947	$8,796,048
2018	$8,543,661	$12,398,826	$15,079,715	$-3,855,165

Groundswell Fund