GOTHIC CORPORATION

EIN: 561776668 501(c)(3) Education

DURHAM, NC

Total Revenue
$1,719,200,107
Total Expenses
$1,727,014,620
Total Assets
$8,367,573,592
Net Assets
$8,367,573,592
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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
1992
Legal Domicile
NC
Principal Officer
NEAL F TRIPLETT
Phone
9196686829
Tax Period
2022-07-01 to 2023-06-30

GOTHIC CORPORATION, founded in 1992, is a large national nonprofit in the Education sector that reported $1.7B in total revenue in fiscal year 2022. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $8.4B represent 58 months of operating reserves.

Mission

FOR ORGANIZATION'S MISSION STATEMENT

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,056,312,983
Program Service Revenue $0
Investment Income $566,898,229
Other Revenue $95,988,895
TOTAL REVENUE $1,719,200,107

Expense Breakdown

Grants Paid $1,417,259,958
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,727,014,620
Other Expenses $309,754,662
TOTAL EXPENSES $1,727,014,620

Year-over-Year Comparison

2022 2021 Change
Revenue $1,719,200,107 $2,800,188,275 -0.4%
Expenses $1,727,014,620 $2,099,208,871 -0.2%
Net Income $-7,814,513 $700,979,404 -1.0%
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

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Governance

Voting Members
3
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
3
$5,173,500
Total Directors
3
$5,173,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEAL F TRIPLETT DIRECTOR/PRESIDENT 0.10
Officer Director
$0 $100,820 $4,292,537
ROBERT MCGRAIL DIRECTOR/SECRETARY 0.10
Officer Director
$0 $63,093 $560,218
JANNINE M LALL DIRECTOR/TREASURER 0.10
Officer Director
$0 $50,838 $320,745
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,719,200,107 $1,727,014,620 $8,367,573,592 $-7,814,513
2022 $2,800,188,275 $2,099,208,871 $8,303,858,742 $700,979,404
2021 $3,637,528,663 $2,821,034,990 $7,701,771,968 $816,493,673
2020 $1,688,560,138 $1,797,143,211 $7,591,393,057 $-108,583,073
2019 $2,032,262,996 $2,027,260,496 $7,610,319,557 $5,002,500
2018 $2,127,176,067 $1,888,422,139 $7,552,285,033 $238,753,928
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