GOLCONDA FOUNDATION INC (EIN 731552729) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

DAVID C BOLDING

Phone

4056402332

Tax Period

2024-01-01 to 2024-12-31

GOLCONDA FOUNDATION INC, founded in 1996, is a micro nonprofit in the Education sector that reported $64K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND TO HELP FUND OTHER WORTHY CAUSES AS DEEMED APPROPRIATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $57,800

Program Service Revenue $0

Investment Income $5,811

Other Revenue $0

TOTAL REVENUE $63,611

Expense Breakdown

Grants Paid $64,578

Salaries & Benefits $5,000

Fundraising Expenses $0

Program Expenses $64,578

Other Expenses $15,525

TOTAL EXPENSES $85,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,611	$130,533	-0.5%
Expenses	$85,103	$88,642	0.0%
Net Income	$-21,492	$41,891	-1.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$9,750

Total Directors

$9,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID C BOLDING	PRESIDENT	8.00	Officer Director	$9,750	$0	$9,750
URSULA SKUTA-BOLDING	SECRETARY	0.00	Officer 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
2024	$63,611	$85,103	$42,472	$-21,492
2023	$130,533	$88,642	$69,745	$41,891
2022	$756,156	$937,422	$314,304	$-181,266
2021	$1,213,995	$675,857	$495,570	$538,138
2020	$959,123	$753,880	$342,331	$205,243
2019	$743,098	$660,924	$137,088	$82,174
2018	$697,417	$699,504	$54,914	$-2,087

GOLCONDA FOUNDATION INC