GALVESTON DIAPER BANK (EIN 474777088) - 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

2016

Legal Domicile

Principal Officer

KATHERINE MODZELEWSKI

Phone

4097399468

Tax Period

2023-01-01 to 2023-12-31

GALVESTON DIAPER BANK, founded in 2016, is a small nonprofit in the Human Services sector that reported $118K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 134% operating deficit.

Mission

THE MISSION OF GALVESTON DIAPER BANK IS TO PROVIDE BABY AND ADULT INCONTINENCE SUPPLIES TO GALVESTON FAMILIES IN CRISIS AND NEED, PARTNERING WITH LOCAL ORGANIZATIONS INVOLVED IN CREATING A HEALTHIER ENVIROMENT FOR OUR LOW-INCOME FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $117,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,953

Expense Breakdown

Grants Paid $131,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,904

Other Expenses $145,147

TOTAL EXPENSES $276,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,953	$202,156	-0.4%
Expenses	$276,147	$119,794	+1.3%
Net Income	$-158,194	$82,362	-2.9%

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
KATHERINE MODZELEWSKI	PRESIDENT	20.00	Officer Director	$0	$0	$0
ANGELA BROWN	SECRETARY/TREASURY	5.00	Officer	$0	$0	$0
ERIN MCELDOWNEY	OFFICER	1.00	Officer	$0	$0	$0
NICOLE OBERT	OFFICER	1.00	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
2023	$117,953	$276,147	$10,955	$-158,194
2022	$202,156	$119,794	$159,148	$82,362

GALVESTON DIAPER BANK