GARLAND TRUST ASSOCIATION INC (EIN 474190312) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JEREMY WELTMER

Phone

3142108750

Tax Period

2023-07-01 to 2024-06-30

GARLAND TRUST ASSOCIATION INC, founded in 2014, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 1107% operating deficit.

Mission

SPONSORING EDUCATIONAL INITIATIVES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,700

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,324

Other Expenses $92,930

TOTAL EXPENSES $92,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,700	$13,088	-0.4%
Expenses	$92,930	$79,953	+0.2%
Net Income	$-85,230	$-66,865	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
DAVID BARNES	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN BREWER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
PETER SOMERVILLE	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
JEREMY WELTMER	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
PHILIP POTTER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MONGILLO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
QUINN SHEPHERD	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
2025	No data	No data	No data	No data
2024	$7,700	$92,930	$1,541,221	$-85,230
2023	$13,088	$79,953	$1,606,975	$-66,865
2022	$194,387	$106,457	$1,652,561	$87,930
2021	$74,425	$71,763	$1,425,638	$2,662
2020	$13,700	$64,285	$844,423	$-50,585

GARLAND TRUST ASSOCIATION INC