GLOBALWORKS FOUNDATION (EIN 522341571) - 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

2001

Legal Domicile

Principal Officer

CLAUDE FONTHEIM

Phone

2022968100

Tax Period

2023-01-01 to 2023-12-31

GLOBALWORKS FOUNDATION, founded in 2001, is a small nonprofit in the International Affairs sector that reported $235K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $441K exceeded revenue, resulting in a 87% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE IN POOR COMMUNITIES AROUND THE WORLD THROUGH PROJECTS ADDRESSING CONDITIONS RELATED TO GLOBALIZATION

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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 $235,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $235,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,335

Fundraising Expenses $0

Program Expenses $440,607

Other Expenses $358,272

TOTAL EXPENSES $440,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,100	$326,000	-0.3%
Expenses	$440,607	$168,549	+1.6%
Net Income	$-205,507	$157,451	-2.3%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
CLAUDE FONTHEIM	CHAIRMAN/DIRECTOR	Officer Director	$0	$0	$0
D HOLLY HAMMONDS	DIRECTOR	Officer Director	$0	$0	$0
JIM WALLACK	DIRECTOR	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
2023	$235,100	$440,607	$392,919	$-205,507
2022	$326,000	$168,549	$539,792	$157,451
2021	$245,500	$176,568	$367,530	$68,932

GLOBALWORKS FOUNDATION