GLOBALJAX 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

1990

Legal Domicile

Principal Officer

Andrea Myers

Phone

9043463941

Tax Period

2022-10-01 to 2023-09-30

GLOBALJAX INC, founded in 1990, is a small nonprofit in the International Affairs sector that reported $202K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $179K left a modest 11% surplus.

Mission

GlobalJax, as an affiliate member of the nationwide Global Ties U.S. network, works with the U.S. Department of State, U.S. Embassies, Development Agencies, Academic Institutions and Businesses to address global challenges by helping to connect North Florida with leaders from all around the World.

Program Service Accomplishments

Program 1

Expenses: $109,469 Revenue: $119,266

International Visitor Leadership Program: The International Visitor Leadership Program is the oldest and largest public-private partnership in the United States. Conceived in the years following...

International Visitor Leadership Program: The International Visitor Leadership Program is the oldest and largest public-private partnership in the United States. Conceived in the years following WWII, the International Visitor Leadership Program builds bridges between the leaders of the world's nations to promote cooperation, development, and peace. GlobalJax manages the North Florida portion of this program including Jacksonville, Saint Augustine, Tallahassee, and Gainesville. This program year, 20 programs for over 150 emerging leaders in 50+ countries that addressed topics of urgent importance in response to the global pandemic including public health, preventing gender based violence, distance learning, and unemployment.

Program 2

Expenses: $31,140 Revenue: $34,009

Iraqi Young Leaders Exchange Program: The Iraqi Young Leaders Exchange Program takes place each summer in partnership with one of the United States' leading global exchange and development agencies, World Learning. Last program year, GlobalJax hosted 14 young leaders, plus 3 adult mentors, from every region and demographic of Iraq for a program focused on building young entrepreneurs to improve the unemployment rate in that country. The results are a more hopeful future for those young leaders, their communities, and their country and deeper economic and diplomatic ties to North Florida.

Program 3

Expenses: $31,196 Revenue: $46,390

Open World Leadership Program: The Open World Leadership Program in North Florida is the result of a decades long partnership with the Open World Leadership Center at the Library of Congress. The...

Open World Leadership Program: The Open World Leadership Program in North Florida is the result of a decades long partnership with the Open World Leadership Center at the Library of Congress. The program focuses on developing deeper ties to the former soviet region in an attempt to deepen diplomatic and economic ties. This fiscal year we worked on projects focused on improving the rights of women in Azerbaijan, education in Lithuania and the teaching of Nursing in Romania.

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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 $2,415

Program Service Revenue $199,665

Investment Income $34

Other Revenue $0

TOTAL REVENUE $202,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,155

Fundraising Expenses $0

Program Expenses $171,805

Other Expenses $106,718

TOTAL EXPENSES $178,873

Year-over-Year Comparison

	2022	2021	Change
Revenue	$202,114	$161,627	+0.3%
Expenses	$178,873	$176,949	+0.0%
Net Income	$23,241	$-15,322	-2.5%

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

Volunteers

345

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

$15,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Myers	Executive Director	15	Officer	$15,330	$0	$15,330
Renee Parenteau	Director	1	Director	$0	$0	$0
Myriah Morris	Director	1	Director	$0	$0	$0
Larry Arceneaux	Director	1	Director	$0	$0	$0
Sel Buyuksarac	Chair	2	Officer	$0	$0	$0
Linda Dave	Secretary	1	Officer	$0	$0	$0
Yash Dave	Vice-Chair	1	Officer	$0	$0	$0
Herman Castro	Treasurer	1	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
2023	$202,114	$178,873	$25,309	$23,241