GROOVE FUND INC

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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

1984

Legal Domicile

Principal Officer

Victor Henderson

Phone

8604634171

Tax Period

2025-01-01 to 2025-12-31

GROOVE FUND INC, founded in 1984, is a small nonprofit in the Education sector that reported $114K in total revenue in fiscal year 2025. The organization ran a surplus of $92K, a strong 80% operating margin.

Mission

THE PURPOSE OF OUR ORGANIZATION IS TO RAISE FUNDS AND PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $18,230 Revenue: $0

We awarded 18 scholarships in calendar year 2025 to students attending college. The expense was $18230.

Program 2

Expenses: $3,554 Revenue: $0

Legal and professional expenses were $1,748.00 Office supplies were $$1,169.00 Postage was $637.00

Program 3

Expenses: $585 Revenue: $0

State Corporation filing fees $74 Paypal fees 511.00

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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 (2025)

Revenue Breakdown

Contributions & Grants $101,177

Program Service Revenue $0

Investment Income $12,892

Other Revenue $0

TOTAL REVENUE $114,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,369

Other Expenses $22,369

TOTAL EXPENSES $22,369

Year-over-Year Comparison

	2025	2024	Change
Revenue	$114,069	N/A	N/A
Expenses	$22,369	N/A	N/A
Net Income	$91,700	$0	N/A

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
VICTOR HENDERSON	CHAIRMAN	2	Officer Director	$0	$0	$0
WILLIAM G SMITH	VICE CHAIRMAN	2	Officer Director	$0	$0	$0
Tyreek Wilson	Member	2	Director	$0	$0	$0
ROBERT SIMPSON	MEMBER	2		$0	$0	$0
CHARLES DOUGLAS	SECRETARY	2		$0	$0	$0
MICHAEL BAILEY	TREASURER	2		$0	$0	$0
GEORGE MOSSEE JR	MEMBER	2		$0	$0	$0
John Heard	Member	2		$0	$0	$0
Duane Holman	Member	2		$0	$0	$0
Damilola Odegbile	member	2		$0	$0	$0
MICHAEL HASKINS	MEMBER	2	Officer	$0	$0	$0
GOW W MOSBY JR	MEMBER	2	Officer	$0	$0	$0
MEDI GERMAIN	MEMBER	2	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
2025	$114,069	$22,369	$539,118	$91,700