GRAMEEN FOUNDATION USA (EIN 731502797) - 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

1996

Legal Domicile

Principal Officer

ZUBAIDA BAI

Phone

2026283560

Tax Period

2023-07-01 to 2024-06-30

GRAMEEN FOUNDATION USA, founded in 1996, is a community nonprofit in the International Affairs sector that reported $8.0M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $9.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

SEE PART III, LINE 1.

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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 $6,773,804

Program Service Revenue $1,064,899

Investment Income $104,300

Other Revenue $30,206

TOTAL REVENUE $7,973,209

Expense Breakdown

Grants Paid $283,012

Salaries & Benefits $4,373,530

Fundraising Expenses $328,011

Program Expenses $6,024,804

Other Expenses $4,566,851

TOTAL EXPENSES $9,223,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,973,209	$10,394,919	-0.2%
Expenses	$9,223,393	$11,427,082	-0.2%
Net Income	$-1,250,184	$-1,032,163	+0.2%

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

Volunteers

155

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

$1,112,067

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISABETH HOLMES RHYNE	CHAIR	4.00	Officer Director	$0	$0	$0
NEELA SALDANHA	VICE CHAIR (UNTIL 02/2024)	4.00	Officer Director	$0	$0	$0
JENNIFER DARLINGTON	SECRETARY	4.00	Officer Director	$0	$0	$0
ARTHUR GOSHIN	TREASURER	4.00	Officer Director	$0	$0	$0
BEVERLY MORRIS ARMSTRONG	BOARD MEMBER	4.00	Director	$0	$0	$0
MARIE-RENEE BAKKER	BOARD MEMBER	4.00	Director	$0	$0	$0
SHEILA CHESTON	BOARD MEMBER	4.00	Director	$0	$0	$0
KATHY DYER	BOARD MEMBER (UNTIL 02/2024)	4.00	Director	$0	$0	$0
CARLOS JOSE FONSECA	BOARD MEMBER	4.00	Director	$0	$0	$0
VIKRAM GANDHI	BOARD MEMBER	4.00	Director	$0	$0	$0
LAUREN HENDRICKS	BOARD MEMBER	4.00	Director	$0	$0	$0
LESLIE HYMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
GOPI KALLAYIL	BOARD MEMBER	4.00	Director	$0	$0	$0
JEFFREY SCOTT	BOARD MEMBER	4.00	Director	$0	$0	$0
DEBOPAMA SEN	BOARD MEMBER (FROM 11/2023)	4.00	Director	$0	$0	$0
MARIANNE UDOW-PHILLIPS	BOARD MEMBER (UNTIL 03/2024)	4.00	Director	$0	$0	$0
DANIEL BENJAMIN WOLFSON	BOARD MEMBER	4.00	Director	$0	$0	$0
ZUBAIDA BAI	PRESIDENT & CEO	38.00	Officer	$290,502	$18,552	$309,054
HERMINA RUBIO GUTIERREZ	ACTING CFO	38.00	Officer	$191,034	$0	$191,034
CESAR DURON	DIRECTOR, GLOBAL HUMAN RESOURCES	38.00	Officer	$132,243	$27,968	$160,211
AMELIA KUKLEWICZ	EXECUTIVE VICE PRESIDENT PROGRAMS	38.00	Officer	$126,948	$27,315	$154,263
KATE BARTHOLOMEUSZ	SR DIR., DEV'L, MRKTING & COMM.	38.00	Officer	$123,056	$16,272	$139,328
BRIANNE FISCHER	GENERAL COUNSEL	19.00	Officer	$110,165	$0	$110,165
MARLEN DIVINA	DIRECTOR, FINANCE	38.00	Officer	$47,425	$587	$48,012
ARLYN GIGI GATTI	DIRECTOR, TECHNOLOGY FOR DEVELOPMENT	40.00	Highest	$129,830	$17,401	$147,231
EMILY ROMERO	SR DIRECTOR, INSTITUTIONAL RELATIONS	40.00	Highest	$134,340	$6,325	$140,665
SABRINA QUARAISHI	DIRECTOR, BANKERS WITHOUT BORDERS	40.00	Highest	$122,150	$14,723	$136,873
ELAINE CHANG	TAROWORKS COO	40.00	Highest	$116,974	$10,368	$127,342
LAKSHMI IYER	DIR. OF INNOVATION IN AGRICULTURE	40.00	Highest	$120,084	$1,256	$121,340
CONAN WICKHAM	FORMER OFFICER	10.00		$115,336	$8,093	$123,429

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	$7,973,209	$9,223,393	$5,411,694	$-1,250,184
2023	$10,394,919	$11,427,082	$8,807,405	$-1,032,163
2022	$10,571,497	$10,544,828	$9,461,534	$26,669
2021	$10,651,686	$9,665,815	$9,173,315	$985,871
2020	$6,859,549	$8,772,584	$6,589,488	$-1,913,035
2019	$7,618,746	$9,578,861	$8,766,162	$-1,960,115

GRAMEEN FOUNDATION USA