THE GIOCOSA FOUNDATION (EIN 742512853) - 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

1988

Legal Domicile

Phone

5123069241

Tax Period

2022-01-01 to 2022-12-31

THE GIOCOSA FOUNDATION, founded in 1988, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

FOSTER CARE & ADOPTION SERVICES. THE GIOCOSA FOUNDATION WAS ESTABLISHED AS AN ALTERNATIVE TO LONG-TERM INSTITUTIONAL CARE FOR EMOTIONALLY DISTURBED YOUTH AND ADOLESCENTS.

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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 $360,604

Program Service Revenue $1,806,559

Investment Income $30

Other Revenue $0

TOTAL REVENUE $2,167,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,010,408

Fundraising Expenses $0

Program Expenses $2,121,228

Other Expenses $1,314,863

TOTAL EXPENSES $2,325,271

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,167,193	$2,825,057	-0.2%
Expenses	$2,325,271	$2,752,301	-0.2%
Net Income	$-158,078	$72,756	-3.2%

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

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

$149,476

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FOSTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN KING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN KARSCHNIK	MEMBER	1.00	Director	$0	$0	$0
DR SCOTT KNIGHT	MEMBER	1.00	Director	$0	$0	$0
GLENN SCRUGGS	EXECUTIVE DIRECTOR	40.00	Key Emp	$149,476	$0	$149,476

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	$2,167,193	$2,325,271	$429,862	$-158,078
2021	$2,825,057	$2,752,301	$624,408	$72,756
2020	$3,136,820	$3,084,373	$606,284	$52,447
2019	$3,697,781	$3,812,608	$430,085	$-114,827
2018	$3,864,309	$4,024,093	$624,854	$-159,784

THE GIOCOSA FOUNDATION