GLOBAL VESSELS INC (EIN 522312405) - 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

1998

Legal Domicile

Principal Officer

FRAZIER MATHIS

Phone

3015960945

Tax Period

2024-01-01 to 2024-12-31

GLOBAL VESSELS INC, founded in 1998, is a small nonprofit in the Religion sector that reported $189K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

SUPPORT AND OPERATE ORPHANAGE.

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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 $188,896

Program Service Revenue $0

Investment Income $104

Other Revenue $0

TOTAL REVENUE $189,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,396

Other Expenses $195,133

TOTAL EXPENSES $195,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,000	$216,432	-0.1%
Expenses	$195,133	$178,346	+0.1%
Net Income	$-6,133	$38,086	-1.2%

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

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
VIRGINIA MATHIS	CO-FOUNDER	15.00	Officer Director	$0	$0	$0
FRAZIER MATHIS	DIRECTOR	20.00	Director	$0	$0	$0
JASON ALLEN	TREASURER	5.00	Officer Director	$0	$0	$0
CECELIA LESTER	BOARD MEMBER	5.00	Director	$0	$0	$0
L ROGER WATSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ELAINE R WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT WALLACE	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE ELLIOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
FELICE BRUCE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBORAH HENRI	BOARD MEMBER	2.00	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	$189,000	$195,133	$254,601	$-6,133
2023	$216,432	$178,346	No data	$38,086
2018	$223,765	$103,450	No data	$120,315

GLOBAL VESSELS INC