BIT HOLDINGS FIVE INC C/O GREAT GRAY TRUST COMPANY (EIN 521876489) - 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

1994

Legal Domicile

Principal Officer

GREGORY GOLCZEWSKI

Phone

4432430106

Tax Period

2022-01-01 to 2022-12-31

BIT HOLDINGS FIVE INC C/O GREAT GRAY TRUST COMPANY, founded in 1994, is a mid-sized nonprofit that reported $66.6M in total revenue in fiscal year 2022. Revenue surged 2194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66.6M, a strong 100% operating margin.

Mission

ORGANIZED FOR THE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE THERETO, COLLECTING THE INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT LESS EXPENSES TO QUALIFIED SHAREHOLDERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $67,202,455

Other Revenue $-637,520

TOTAL REVENUE $66,564,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $737

TOTAL EXPENSES $737

Year-over-Year Comparison

	2022	2021	Change
Revenue	$66,564,935	$2,902,089	+21.9%
Expenses	$737	$17,623	-1.0%
Net Income	$66,564,198	$2,884,466	+22.1%

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
RINSE A BRINK	PRES/ASST SECRETARY/ASST TREASURER	0.20	Officer Director	$0	$0	$0
AUSTIN CATES	VP/ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
CLAYTON FLANAGAN	VP/ASSISTANT SECRETARY	0.20	Officer Director	$0	$0	$0
CYNTHIA HELMS	VP/SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
KENNETH MARTY JR	VP/ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
WILLIAM K MIHM	VP/ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
ROBERT COULMAN	VP/ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
N/A	TRUSTEE	0.10		$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
2022	$66,564,935	$737	No data	$66,564,198
2021	$2,902,089	$17,623	$18,707,175	$2,884,466
2020	$3,486,340	$17,624	$18,113,880	$3,468,716
2019	$3,728,496	$290,715	$17,055,370	$3,437,781
2018	$3,126,713	$290,715	$17,542,033	$2,835,998

BIT HOLDINGS FIVE INC C/O GREAT GRAY TRUST COMPANY