GALILEE MAJESTIC ARMS INC (EIN 587163009) - 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

1989

Legal Domicile

Principal Officer

ARTHUR L LOVETT

Phone

3184294945

Tax Period

2022-01-01 to 2022-12-31

GALILEE MAJESTIC ARMS INC, founded in 1989, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2022. Revenue surged 1372% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 96% operating margin.

Mission

PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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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 $2,811,254

Program Service Revenue $360,072

Investment Income $4,198,463

Other Revenue $1,018

TOTAL REVENUE $7,370,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,624

Fundraising Expenses $0

Program Expenses $281,207

Other Expenses $243,583

TOTAL EXPENSES $281,207

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,370,807	$500,820	+13.7%
Expenses	$281,207	$500,793	-0.4%
Net Income	$7,089,600	$27	+262576.8%

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
FREDDIE RUSSELL	DIRECTOR	000.25	Director	$0	$0	$0
CLARENCE PEARSON	DIRECTOR	000.25	Director	$0	$0	$0
PERCY CAREY	DIRECTOR	000.25	Director	$0	$0	$0
CARL MATTHEWS	DIRECTOR	000.25	Director	$0	$0	$0
ARTHUR L LOVETT	DIRECTOR	000.25	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
2022	$7,370,807	$281,207	$6,452,420	$7,089,600
2021	$500,820	$500,793	$778,064	$27
2020	$563,981	$481,857	$854,860	$82,124
2019	$560,033	$543,732	$941,562	$16,301
2018	$553,719	$521,865	$946,341	$31,854
2017	$541,525	$534,033	$986,801	$7,492

GALILEE MAJESTIC ARMS INC